MFIs

source tax on supply of commodities

MFIs, NGOs come under greater scrutiny of NBR

Micro-finance institutions (MFIs) will have to pay taxes equal to the tax rate of companies if they do not keep the income from service charges of micro-credit operations in a revolving fund, according to the changes in the income tax law passed yesterday by parliament.

June 19, 2023
June 19, 2023
source tax on supply of commodities

MFIs, NGOs come under greater scrutiny of NBR

Micro-finance institutions (MFIs) will have to pay taxes equal to the tax rate of companies if they do not keep the income from service charges of micro-credit operations in a revolving fund, according to the changes in the income tax law passed yesterday by parliament.