The Federal Revenue Board (FBR) has released an updated version of its “Tax Asaan” application to file wage and non-salaried tax returns. It also allows new taxpayers to register online. This came to light on Thursday when Member Policy, Dr. Hamid Ateeq Sarwar, made a detailed presentation to the Senate Standing Committee on Finance and Income. Dr. Hamid informed the Senate that the application was launched in mid-September, but before, it was previously limited to the salaried class. The new version will now Continue reading
The Federal Revenue Board (FBR) has collected withholding taxes in the amount of Rs. 8.28 billion new car registrations in the first ten months of the current fiscal year. The collection of taxes has been reduced by 10.2 percent of the amount collected in the same period last year.
The reason behind this decrease is a reduction in car sales due to the economic slowdown. The amount collected under tax withholding in the new car registry has plummeted from Continue reading