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

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

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