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The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty. [1] [2]
The rate of the property tax is determined annually based on the needs of the boards in a given year. The sum of the rate is totaled by the country board of commissioners and submitted to the state government. The proposed property tax rate are submitted to the Indiana Department of Local Government Finance in a report. The department in turn ...
The Pakistan federal budget of 2009–2010 has been prepared in accordance with the budgeting and accounting classification system that has been approved by the Government of Pakistan as an integral part of the New Accounting Model. This is the first year the federal budget is being prepared using the newly adopted Medium-Term budgetary ...
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
Over the past eight years, changes to the Tax Code have been made at a rate of more than one a day. According to the office of the National 13 tax changes you need to know before filing your 2009 ...
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
The following major changes reported by federal government: Total budget outlay for 2010–11 is Rs 3259 billion, which is 10.7 percent more than the current year. 50 percent ad hoc allowance of basic salaries to be granted to government employees. GST reduced from 17 to 16 percent. Salaries of government employees raised by 50 percent.
"The Federal Budget and the States: Fiscal Year 1999." 24th Ed. 15 December 2000. ksg.harvard.edu; taxfoundation.org; Gladwell, Malcolm. "U.S. to New York: It's Still Dutch Treat" Washington Post. Section A, 7 March 1996. Pear, Robert. "Federal Government Uses North's and Midwest's Dollars to Aid the South, Study Says" The New York Times. 8 ...