Impasse in Pakistan over diplomats' tax exemptions, allowances

Jul 27, 2022

Islamabad [Pakistan], July 27 : Due to the constraints by International Monetary Fund in view of Pakistan's crippled economy, the country's government has once...

Life Insurance Tax Benefits

Mar 24, 2025

New Delhi [India], March 24: Life insurance plans offer more than just financial security for your loved ones, they also provide important tax benefits....

IMF denies Pakistan's request for tax exemptions on foreign investment projects

Mar 12, 2025

The International Monetary Fund (IMF) has turned down Pakistan's request for tax exemptions on foreign investment projects, as reported by the Express Tribune.

World Bank asks Pakistan govt to make tax reforms, remove exemptions on duties and sales tax

Apr 19, 2024

In its report released on Pakistan, the World Bank advised the Pakistani government of the urgent need for tax system reforms and the removal...

Income Tax Department cracks down on bogus claims of deductions, exemptions

Jul 14, 2025

The Income Tax Department initiated a large-scale verification operation across multiple locations in the country on Monday, targeting individuals and entities facilitating fraudulent claims...

US House of Representatives passes US-Taiwan Double Taxation Relief Bill

Jan 18, 2025

The US House of Representatives passed a bill on January 15 that aims to reduce tax payments, prevent double taxations and provide tax exemptions...