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Website. www.fto.gov.pk. The Federal Tax Ombudsman (FTO, Urdu: وفاقی ٹیکس محتسب پاکستان) evaluates complaints against federal tax agencies. Article 37 of the Constitution of Pakistan calls for inexpensive and expeditious justice. The Federal Tax Ombudsman Ordinance of 2000 [1] and the Federal Ombudsman Institutional Reforms ...
The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. 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%.
The Government of Sindh (Sindhi: حڪومت سنڌ) (Urdu: حکومتِ سندھ) is the provincial government of the province of Sindh, Pakistan. Its powers and structure are set out in the provisions of the 1973 Constitution, in which 30 Districts of 7 Divisions under its authority and jurisdiction. The province's executive head and head of ...
Previously known as the Customs & Excise Group, it was re-classified as Pakistan Customs Service in November 2010, when the responsibilities of sales tax and federal excise were taken away and a new occupational service was created to collect Sales Tax, Federal Excise, and Income Tax, named as Inland Revenue Service (IRS). Custom House, Karachi
The Republican chair of the Maricopa County Board of Supervisors in Arizona has endorsed a Democrat to replace him. “I am endorsing Joel [Navarro] because he is a man of integrity, because he is ...
Politician. Mukesh Kumar Chawla ( Urdu: مکيش کمار چاولہ; born 27 February 1974) is a Pakistani politician hailing from Jacobabad District presently from DHA, Karachi, Sindh, Pakistan belong to Pakistan Peoples Party Parliamentarians. He was serving as Minister of Excise and Taxation and Member of the Provincial Assembly of Sindh.
Inland Revenue Service (Pakistan) 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. [ 1][ 2]
Prior to the coming of World War I in the summer of 1914, only two countries, Mexico and the Philippines, made use of a general sales tax for national finance. [2] Excise tax — a transaction tax on the sale of specific items — was broadly used, however, and the idea of a general sales tax was neither unknown nor obscure to political decision-makers in the United States.