Declare property values or risk penalties, FBR warns taxpayers

[ ISLAMABAD: The Federal Board of Revenue has introduced a new requirement for taxpayers to declare the market value of their assets in their income tax returns. This move is aimed at curbing the underreporting of property values, a significant issue in Pakistan’s tax system. The FBR clarified that no new Statutory Regulatory Order has … Read more

Canada, UK face backlash over changing embassy addresses to ‘Palestine’

The websites of both the UK and Canadian embassies in Israel have come under criticism after references to “Palestine” were added to their addresses. Global Affairs Canada updated its site to describe its Tel Aviv embassy as being located in “Palestine”, according to the Toronto Sun. The page initially listed “Israel and Palestine” before later … Read more