Tax Scheme For Builders & Developers

government introduced the tax scheme for builders and developers

Finally, the government introduced the long-awaited tax scheme for builders & developers. And we are here to unfold the secrets. So, get ready guys. The Basics Before we get deep into the subject, here is the summary of the scheme. Deposit the project money in the bank account. In the case of land, make sure … Read more Tax Scheme For Builders & Developers

Finance Bill 2020: FBR Seeks Your Proposed Amendments

fbr needs your proposals for finance bill 2020

FBR is looking for Income tax proposals for budget 2020-21. This is for preparing the finance bill 2020. So FBR officials are asking the stakeholders to express their opinion regarding the proposed changes. The process is simple. Make an MS-Word/Excel file and put in the following: Section/Clause/Rule in which you propose the amendment. Proposed Amendment … Read more Finance Bill 2020: FBR Seeks Your Proposed Amendments

POS Vendors Who Can Integrate You With FBR

fbr needs your proposals for finance bill 2020

FBR issued a list of POS vendors who can integrate your point of sale (POS) with the FBR computers. POS integration is a system through which tier-1 retailers are required to connect their point of sales with the FBR. So FBR will monitor and track real-time sales. There are a total of 286 retailers who … Read more POS Vendors Who Can Integrate You With FBR

POS Integration: Retailers To Connect With FBR Computers

Retailers will connect their point of sale with fbr computers

FBR has cleared the confusion about the POS Integration. As to which retailers are required to integrate their point of sale with FBR. POS Integration is a system through which the retailers will connect their point of sale with FBR, and FBR will monitor the transactions in real-time. Here is the explanation of FBR about … Read more POS Integration: Retailers To Connect With FBR Computers

Functional Parliament: The Only Way To Achieve Stability

political stability through a functional parliament

Pakistan can reach political stability through a functional parliament, which can help achieve economic stability as well. I expect PM khan to take initiative and build a foundation for a real change. Here is how, 1. Activate parliament sessions with all its standing or other committees. 2. Make sure 90% attendance of all members. Immediately … Read more Functional Parliament: The Only Way To Achieve Stability

IMF Rejects The Tax Scheme For Builders And Developers

imf rejects the tax scheme for builders and developers

IMF rejected the proposed tax scheme for builders and developers. Chairman FBR MR. Shabbar Zaidi announced it two months ago that they are drafting a special scheme for the industry to help it under the given economic conditions and to recirculate the money, stuck in the industry. The federal government drafted the presidential ordinance. But … Read more IMF Rejects The Tax Scheme For Builders And Developers

Property Dealers and Jewelers: FBR’s Special Instructions

special instructions for property dealers and jewelers

FBR issued special instructions for property dealers and jewelers. These are the draft amendments and open for the public. Subject to cabinet approval, these will become law. There are two basic requirements for real estate agents and jewelers (called designated persons in the draft) to fulfill. To maintain records of their customers To report any … Read more Property Dealers and Jewelers: FBR’s Special Instructions

Tax Reforms: Why FBR Officials Are Opposing It?

fbr needs your proposals for finance bill 2020

The top officials of FBR are opposing tax reforms, and they have no genuine reason for that. Prime Minister Khan approved the reforms plan in October, which will set a base for the restructuring of FBR. A new authority Pakistan Revenue Authority (PRA) will come into effect by June 2020. The significant change in the … Read more Tax Reforms: Why FBR Officials Are Opposing It?