Deadline set for banks to pay tax on ‘windfall profits’
- 22-Nov-2023
ISLAMABAD: The Federal Board of Revenue (FBR) has mandated a deadline for banks to pay a substantial 40 percent additional tax on ‘windfall income, profits, and gains’ accrued during 2021 and 2022, ARY News reported on Wednesday. According to S.R.O.1588 (l)/2023 issued by the FBR, the federal government has specified the banking companies as the […]