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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.
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 ...
11 Ministry of Finance and Revenue. ... Pakistan portal: A list of departments and agencies of the Government of Pakistan. [1] [2] President's Office
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
Electronic Government Directorate of Pakistan was established in October 2002 by the Ministry of Information Technology. [1] In 2014 Directorate was merged with Pakistan Computer Bureau to form National Information Technology Board .
General tax rate for banking companies increased from 35% to 45%. A 1% tax on deemed rental income applied to the fair market value of certain immovable properties owned by resident persons in Pakistan. Revised capital gains tax on immovable properties in Pakistan to tax sales of open plots held for less than six years.
The Federal budget 2014–15 [6] was the federal budget of Pakistan for the fiscal year beginning from 1 July 2014 and ending on 30 June 2015.. Presented and submitted by Finance Minister Ishaq Dar on 30 June 2014 at the National Assembly, it was originally outlay ₨. 3.8tn; [7] eventually it was increased to ₨. 4.3tn after several recommendations were inserted on 21 June 2014. [5]
The government has termed the budget as "an investment and business friendly budget." [3] Although no new property taxes were levied in Federal Budget but the provincial Punjab Budget 2013–14 imposed new taxes on property. Property sellers were made liable to pay a fixed percentage of tax which decreases as the retention period increases. [4]