Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan
Tax Compliance Guidelines and Deadlines
December 1, 2021
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan
Electronic issuance of statutory notices and appealable orders
January 11, 2022

Extension for Digital Payment in compliance to Section 21(la)

The deadline of Extension for Digital Payment in compliance to Section 21(la) in which FBR has required companies to use digital modes of payments for business expenses.

Earlier an amendment has been brought and companies were told to make payments more than Rupees 250,000 digitally In exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001(hereinafter “the Ordinance”) and taking cognizance of various representations filed by the taxpayers, the Federal Board of Revenue is pleased to extend the  deadline  for digital  payments  by corporate  sector  stipulated under Section 21(1a) of the Ordinance up to January 31″, 2022.

For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/

For taxation services please contact us and to read more of our blogs click here.

Waheed Ensari
Waheed Ensari
Waheed focuses on modern techniques in order to management of businesses through finances, learning & development, IT.Its his appetite which draws his attention & energy in helping people (business owners/entrepreneurs) – to get the crystal aspects of the business.

Comments are closed.

WhatsApp WhatsApp us