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The trade body is going to submit the proposal during a consultative committee meeting with NBR, where Finance Minister Abul Hassan Mahmood Ali will also be present. The meeting, set to take place at a hotel in the capital, will host the country's top business leaders. ....
Until the current fiscal year, a bank account-holder requires paying a 10 per cent withholding tax on the interest earnings on deposits if the individual furnishes banks with the taxpayer identification number (TIN). ....
The National Board of Revenue (NBR) introduced tax cards more than a decade ago and expanded its associated list from fiscal 2015-16 to recognise compliant taxpayers in various sectors and professions. ....
The surge in sales of state-backed savings instruments has become a major source of income for the revenue collector in recent years as it charges up to 10 per cent tax on the profits made mainly by pensioners and middle-class families. ....