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The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty.
The Khyber Pakhtunkhwa Department of Excise & Taxation (Pashto: د عوایدو ریاست خیبر پښتونخوا, Urdu: ) is concerned with Excise & Taxation in the Pakistan province of Khyber Pakhtunkhwa. It is headed by the Khyber Pakhtunkhwa Minister of Excise & Taxation, who is a member of the Chief Minister's Cabinet.
The head of the province is known as the Governor, appointed by the federal government, on behalf of the President, while the administrative boss of the province is Chief Secretary Khyber Pakhtunkhwa. The official and full name of the province is Khyber Pakhtunkhwa (formerly known as the Northwest Frontier Province). Often an abbreviation of ...
High courts: Islamabad, Punjab, Sindh, KPK, Balochistan, Shariat Court Territorial courts : AJK supreme court , AJK High court , Gilgit-Baltistan supreme court , Gilgit-Baltistan High Court Special courts : Anti Terrorism Courts , Accountability Courts
The Ministry of Finance is a cabinet-level ministry of the government of Pakistan that is in charge of government finance, fiscal policy, and financial regulation. A Finance Minister, an executive or cabinet position heads it. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan.
The monthly payments will be $250 for older children and $300 for children under 6. The amount will be determined by their 2020 tax return. If that return is not available, the IRS will use their ...
Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export of IT services are taxed at reduced rate of 0.25% in registered with PSEB, Pakistan Software Export ...
EFTPS allows individuals and businesses to make their tax and estimated tax payments securely online using their bank accounts. Payments can be made only after enrolling in the system, and the enrollment process can take about a week (initial online enrollment is followed by relevant information being sent by physical mail, after which the online enrollment process may be completed).