Tag: real estate

Govt Mulls Taxing Foreign Remittances Exceeding US$100,000

(BE2C2) — The Pakistan government is considering imposing tax on foreign remittances exceeding $100,000 a year to plug a hole being used for whitening black money in the country. Under Section 111(4)(a) of the Income Tax Ordinance, the government cannot ask the source of foreign remittance. The Federal Bureau of Revenue (FBR) and the Supreme […]

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