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Government Decides To Maintain Sales Tax On Petroleum Products

Posted by - May 10, 2021

The government has decided on Monday to maintain the sales tax rate on petrol and high-speed diesel. According to the notification issued by the government, the sales tax rate on petrol and diesel will remain at 17%. The notification said that the sales tax rate on kerosene has been reduced from 17% to 15.44% while

KP To Exempt Doctors From Professional Tax This Year: Sources

Posted by - May 3, 2021

The Khyber Pakhtunkhwa (KP) government has decided to exempt doctors from the professional tax this year in recognition of their services during the Covid-19 pandemic. According to sources, the doctors and frontline workers in KP will not have to pay this year’s tax following their heroic services since the pandemic began. On the other hand,

‘Simplifying tax system is the priority of the government,’ says PM

Posted by - April 22, 2021

Prime Minister Imran Khan on Thursday said that instead of imposing more taxes on the people, out of box solutions should be suggested to provide relief to them. According to the details, while chairing a meeting of the Economic Advisory Council via video link in Islamabad; Prime Minister Imran Khan has directed the Economic Advisory

FBR Warns About Emails Related To Income Tax Defaulters List

Posted by - April 18, 2021

The Federal Board of Revenue (FBR) has warned taxpayers about emails related to the Income Tax Defaulters list. According to a statement issued by the FBR, the emails related to the income tax defaulters list are fake and these fake emails are asking to check the income tax defaulters list. The FBR has warned that

Govt Directs To Abolish Lifetime Token Tax On 1,000 cc Vehicles

Posted by - April 1, 2021

The federal government has directed the excise department to abolish the lifetime token tax on 1,000 cc vehicles. According to the details, the government has issued a directive that one thousand cc vehicles will be brought into the tax net annually. According to sources, recommendations have also been made to increase the tax on 1,000

Government to abolish Rs 140 billion income tax exemption

Posted by - March 19, 2021

The federal government has decided to abolish Rs 140 billion income tax exemption for various sectors. As per the details, the government has decided to bring an ordinance to abolish income tax exemption on the condition of IMF. Sources said that the procedure for bringing the Presidential Ordinance has been completed. The Cabinet approved a

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