Global Business Accountants

30/11/2022

Another extension: Good news for Individuals and AOP. FBR extended date to file income tax return for the year 2022 till 15th december.
FBR Tax Return

05/09/2019

Do you want to file your income tax return? Here are required documents for filing process. In case you need any help you can call us or send us a whatsapp message at 0314 617 1313

19/08/2019

Special joint teams of FBR to start verification of import documents of imported goods with effect from 1st sep 2019

19/08/2019

Now Government employees can take loan without any interest.

18/08/2019

FBR send notices to 3,950 Non filers in Lahore.
Notices send to the following persons who:
1. Purchased precious lands (Property)
2. Having vehicle above 1000cc
3. Recieved insurance claims
4. Withdraw sufficient funds from banks.

Initially sources of income for last three years have been asked.

# in Action

18/08/2019

FBR send notices to 3,950 Non filers in Lahore.
Notices send to the following persons who:
1. Purchased precious lands (Property)
2. Having vehicle above 1000cc
3. Recieved insurance claims
4. Withdraw sufficient funds from banks.

Initially sources of income for last three years have been asked.

# in Action

LAHORE: The Federal Board of Revenue’s Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite multiple extensions in tax submission deadlines, it was learnt on Friday. According to sources in the FBR, the government had extended the tax...

17/08/2019

FROM APTAMA - FAISALABAD REGION....

17/08/2019

EXTENSION IN THE DATE OF SUBMISSION OF PRA RETURN.....

17/08/2019

EXTENSION IN THE DATE OF SUBMISSION OF SALES TAX RETURN.....

27/04/2018

BUDGET 2018-19
SALIENT FEATURES
1- Individuals income exempted upto 12 lacs
2- Tax on individual income from 12 lacs and above will be taxed as per slab which has been decreased.
3- Data mining introduced for new tax payers search.
4- Remittance upto One lac dollar exempt, above this will be investigated.
5- Immoveable assets undeclared the government within six months can purchase by double price to the declarant if not proper.
6- FBR rate for property valuation abolished.
7- Filer tax rate 1% against property sale and purchase.
8- Gst exemptions same as per last year.
9- 5 Sectors under sro 1125 at 0 rated
10- Exports refund will be paid within 12 months 1/7/2018
11- Corporate tax decreased to 25% upto 2023
12- Real state investors tax reduced to 7.5%
13- Non Filer bank transactions tax rate reduced to 0.4%
14- Tax audit only once in three year
15- Super Tax to be decrease by 1% each year to end it up.
16- AOP slab decrease to 30%
17- Undistributed profit decrease to 5%
18- Tax on bonus shares abolished
19- Dividend tax decrease to 5%
20- Now with holding on services would be above rs. 30000/- and on supplies above Rs. 75000/-

30/11/2017

One more chance for tax payer.......

31/10/2017

Good News......