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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 period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export ...
The Pakistan Centre for Philanthropy (PCP) is an independent not-for-profit support organisation based in Islamabad, Pakistan. Founded in 2001, PCP is promoting indigenous philanthropy for social development across the country, and is probably the first philanthropy-support organisation in the Islamic world.
The Tax Cuts and Jobs Act of 2017 trimmed tax rates and significantly boosted the standard deduction, thus greatly reducing the number of taxpayers eligible to benefit from charitable deductions.
Charitable donations can help a worthy cause, but your donations may also help your tax bill. Watch Out: The 7 Worst Things You Can Do If You Owe the IRSMore: Owe Money to the IRS? Most People Don ...
A non governmental organization, working in and outside of Pakistan, founded by Mufti Owais Pasha Qarni: Gul Bahao: Provides practical solutions for low cost housing, water sanitation and garbage disposal. Idara-e-Amn-o-Insaf: The charity deals with social and labor issues. JDC Welfare Organization: A non-profit Charitable Organization in Pakistan
The NCVO, a membership group of charities, voluntary organisations and communities, said this will amount to around £1.4 billion more tax paid by the charity sector. Charities employ about 3% of ...
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 ...