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Married couples in South Korea receive smallest tax breaks among OECD

TAX BENEFIT

SEOUL: Married couples in South Korea received one of the smallest tax breaks among other advanced economies, a study showed Tuesday, although the government has been trying to promote marriage to tackle low birth rates. The effective income tax rates for singles ranged between 0.9 and 13 percent in 2013, which was 0.2-0.6 percentage point more than those for married ... Read More »

Karachi Tax Bar seeks removal of flaws in IT return form

KTBA

KARACHI: The Karachi Tax Bar Association (KTBA) has written to the Federal Board of Revenue (FBR), asking it to remove flaws in new income tax return form for tax year 2014. In its letter, the KTBA pointed out that the board has uploaded the income tax returns along with allied annexure and wealth statement on its web portal without the ... Read More »