Tax UP

Income Tax Ordinance 2017
http://download1.fbr.gov.pk/Docs/2017831181435412IncomeTaxOrdinance2001updatedupto30.06.2017.pdf

download1.fbr.gov.pk

Salient Features of 2017-18 Finance Bill attached :)
Rate of Tax for Companies reduced from 31 to 30%
Mobile recharge tax reduced from 14 to 12.5%
omittion of 3% tax on leased vehicles from bank only for govt schemes
No withholding tax on Insurance Premium
Vehicle Registration Tax Reduced for vehicles upto 1300cc
All political parties associations will be exempt from tax :P
Withholding tax rates on supplies and services likely to be increased.
for more info plz click the link
http://www.fbr.gov.pk/B…/SalientFeatures/SalientFeatures.pdf

List of Audit Selected Cases by FBR for year 2015.

http://download1.fbr.gov.pk/Docs/201715181744573Non_Corp_IT_NTN.pdf

7.5% Taxpayers will be selected through ballot by FBR for audit.

Due date for tax filing extended till 30 November, 2016

Extension in Date for filing of Tax Return for Year 2016 till 31 October 2016.

FBR announces Last date for tax return filing for year 2016 is 30 September 2016.
Which surely will extend till 31 December 2016.

Tax Return For Tax Year 2016 Uploaded by FBR.
Filing will start from next month.

Tax Rates on Profit from Bank Savings and investments.

Vehicles Token Tax Rates for year 2016

Tax Slabs for Salaried Persons (attachment)

Tax Return Draft Uploaded By FBR
Taxpayers can file return for 2015-16 from next month.