Search results
Results From The WOW.Com Content Network
To update the tax laws and bring the country's tax laws into line with international standards, the Income Tax Ordinance 2001 was promulgated on 13 September 2001. [3] It became effective from 1 July 2002. Following the recent budget, the Income Tax Ordinance as amended up to June 30, 2024 and the updated Finance Act 2024 are now available. [4]
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
According to Section 9(1) of FOIRA of 2013, the agency is to submit written comments within 15 days, which is further extendable for seven days on a sufficient cause. According to Section 11(1) of the Ordinance and Section 9(5) of FOIRA of 2013, The FTO is to make a decision within a period of 60 days of the receipt of the complaint.
Section 231AB was insert in Income Tax Ordinance [4] by Finance Act 2023. [5] Previously Withholding Tax on Cash Withdrawls was imposed via Section 231A omitted by the Finance Act, 2021. [6] The omitted section read as follows: 231A. Cash withdrawal from a bank.
Brenda Mallinak records that in 2006 the United States had only five such treaties, despite having a large number of international treaties for tax information exchange. [1] On 28 January 2003, the OECD Model Tax Convention on Income and Capital was modified to include a new Article 27 as a model for comprehensive collection assistance in ...
In Pakistan income tax of 10% as required by the Income Tax Ordinace, 2001 on the amount of dividend is deducted at source. A surcharge of 15% on income tax is withheld and will be duly paid by the company to Government of Pakistan as per Income Tax (Amendment) Ordinance, 2011. In Poland there is a tax of 19% on dividends.
The following are ranks of the officers working in the Income Tax Department of Ministry of Finance (India).Officers are appointed from two different recruiting agencies. Gazetted officers are appointed from Indian Revenue Service (Income Tax) of Union Public Service Commission while non-gazetted officers are recruited by Staff Selection Commissio
Regional Tax Office is a field formation of the Federal Board of Revenue (FBR). It is situated at Regional Tax Office, Jail Road, Faisalabad and can be found at Google Maps Regional Tax Office . This office is responsible for monitoring and collection of federal taxes imposed by the Government of Pakistan .