taxes
Bitcoin Hits All-Time High After Trump’s Election Victory
Bitcoin reached a new record high of $75,000 on U.S. election day, driven by investors who had previously bet on Donald Trump’s presidential win. This…
Government will now collect taxes from Google, Facebook and Twitter directly
In recent news, the Federal Cabinet has approved a framework that makes social media companies work with the government in regards to their devised rules…
Online Marketplaces Denounce 17 Percent Tax On Transactions
With the Finance Bill proposing to place online marketplaces (OM) under the definition of ‘Tier 1 Retailers’ which primarily means that transactions would face 17…
FBR introduces e-hearing system for tax audits, assessment cases
The Federal Board of Revenue (FBR) has introduced a system for the online electronic hearing of tax audits and assessments cases. According to a Press…
Import of used computers and laptops will now face increased taxes
In recent news, the Directorate General of Customs Valuation Karachi has fixed custom values of old and used computers to a much higher side. This…
Government is responsible for at least 50% increase in car prices over the past 2 years
In a briefing to the National Assembly Standing Committee on Finance, representatives from the Indus Motor Company and Honda Atlas Cars blamed the government’s taxation…
Punjab to launch mobile app for tax payments
The Punjab Finance Minister Makhdoom Hashim Jawan Bakht has disclosed that the government of Punjab is planning to launch a mobile phone application for all…
Illegally charged mobile service taxes can’t be used in Dam Fund, SC told
The Supreme Court (SC) was told on Wednesday that the previously charged illegal mobile service taxes collected from the cell/mobile phones users through the mobile…
Punjab govt to impose new taxes on Careem and Uber
Uber and Careem will be imposed with new taxes by the name of “Ride-hailing services tax”, in the upcoming Punjab budget for the year 2018-19.…
Government taxes to be paid through Internet Banking and ATM now
State Bank of Pakistan, Federal Board of Revenue and 1-Link have signed an agreement in Islamabad today to develop a mechanism enabling public to pay FBR…
IT exports exempted from taxes till 2019
The government of Pakistan has decided to exempt IT exports from taxes till June 2019. Both the IT products and services will be exempted from…
