Taxes LCCI President underscores need for expanding tax base LAHORE: President of the Lahore Chamber of Commerce and Industry stated that laws should be made for those who are... Published 16 Jun, 2024 02:40am
Taxes Fata, Pata: PALSP hails reduction in tax exemptions thru FY25 budget ISLAMABAD: The measures taken by the government in budget 2024-25, especially gradual reduction in tax exemptions... Published 16 Jun, 2024 02:40am
Taxes Marriyum underscores need for promoting tax culture LAHORE: Punjab Senior Minister Marriyum Aurangzeb has said the provincial government has presented a people-friendly... Published 15 Jun, 2024 06:57am
Taxes Advance income tax: PTA urges PM, minister to revise proposed insertion KARACHI: Chairman, Pakistan Tanners Association (PTA), Muhammad Mehr Ali has appealed to the prime minister and... Published 15 Jun, 2024 06:57am
Taxes Finance Bill 2024: FBR sets up two ‘anomaly committees’ ISLAMABAD: The Federal Board of Revenue (FBR) has constituted two anomaly committees in order to identify and remove... Published 16 Jun, 2024 02:40am
Taxes Return of income Tax: Prosecution for company failing to furnish info proposed ISLAMABAD: The government has proposed prosecution for any company including banks and association of persons (AOPs)... Published 13 Jun, 2024 06:22am
Taxes New section added to ST Act 1990: Concept of ‘investigative audit’ introduced ISLAMABAD: A major change having far-reaching consequences proposed in the Finance Bill 2024 is the introduction of... Published 13 Jun, 2024 06:22am
2024-06-13-01-46 E-invoices of sales tax proposed for registered persons ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new provision of issuance of electronic sales tax... Published 13 Jun, 2024 06:37am
Taxes Sales tax exemption on supplies to charitable hospitals removed ISLAMABAD: The federal government has proposed to remove the sales tax exemption on supplies to charitable hospitals... Published 13 Jun, 2024 06:22am
Taxes Punjab to present ‘tax-free’ budget today LAHORE: The Punjab government will present its tax-free budget for the year 2024-25 on Thursday (today) with a focus... Published 13 Jun, 2024 06:56am
Taxes Customs delays probe against non duty paid products ISLAMABAD: The Federal Board of Revenue’s (FBR) customs authorities have delayed investigation against allegations... Published 12 Jun, 2024 06:51am
Taxes Glitch in IRIS portal: Taxpayers unable to submit applications KARACHI: A glitch in the IRIS portal has made it impossible for the registered taxpayers to submit applications to... Published 11 Jun, 2024 03:17am
Taxes Tax exemptions for steel, ghee units in Fata/Pata: Industries urge govt not to give any extension, threaten to shut down units ISLAMABAD: Leading industries including steel and ghee/cooking oil have threatened to close down their factories... Published 11 Jun, 2024 03:17am
Taxes Long-term tax policy reforms recommended: Economists for flexible tariff system ISLAMABAD: Economists while recommending long-term tax policy reforms have urged the government to introduce and... Published 11 Jun, 2024 03:17am
Taxes PRA enforces e-invoice monitoring system in restaurants LAHORE: The Punjab Revenue Authority (PRA) has decided to ensure the installation of Electronic Invoice Monitoring... Published 11 Jun, 2024 03:17am
2024-06-10-02-40 IHC refers case to FBR chairman on IRIS system glitches ISLAMABAD: Islamabad High Court (IHC) has referred a case to chairman Federal Board of Revenue (FBR), to address the... Published 10 Jun, 2024 06:52am
Taxes Old cars’ import: PM directs FBR to curb misuse of baggage scheme ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to place appropriate checks... Published 09 Jun, 2024 03:10am
Taxes FBR penalises IR officer for causing revenue loss ISLAMABAD: The Federal Board of Revenue (FBR) has penalized an Inland Revenue officer, who caused revenue loss by... Published 08 Jun, 2024 07:00am
Taxes Going after taxpayers without sound legal footing constitutes harassment: FTO ISLAMABAD: The Inland Revenue tax officials are allegedly committing the worst kind of harassment by issuing illegal... Published 08 Jun, 2024 07:00am
Taxes Move to defend stance before FTO: Taxpayer’s lawyer declared habitual litigant by CTO ISLAMABAD: The Federal Board of Revenue’s Corporate Tax Office, Islamabad recently adopted an unconventional novel... Published 07 Jun, 2024 06:24am
Taxes Govt urged to abolish 20pc FED on packaged fruit juices LAHORE: The Fruit Juice Council in a letter to the PML-N President and former Prime Minister Mian Nawaz Sharif has... Published 07 Jun, 2024 06:24am
Taxes FBR asked to review banks’ withholding regime ISLAMABAD: The Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) to review regulatory... Published 05 Jun, 2024 06:25am
Taxes Upcoming budget: SIFC should advocate 26pc rise in tobacco taxes: SPARC ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) has requested the Special Investment... Updated 05 Jun, 2024 07:13am
Taxes FY25 budget: Pension tax proposal dropped ISLAMABAD: The government has dropped a major budget proposal to tax pensions in 2024-25. It is learnt that the... Published 04 Jun, 2024 06:28am
Taxes Immovable property between spouses: Commissioner IR fails to charge capital gains tax LAHORE: The Commissioner Inland Revenue, RTO-lI Lahore, has failed to establish chargeability of capital gain on... Published 04 Jun, 2024 06:28am
Taxes FBR: transfers and postings ISLAMABAD: The Federal Board of Revenue (FBR) has transferred and posted 12 senior Inland Revenue officials of... Published 04 Jun, 2024 06:28am
Taxes FBR digitisation: Aurangzeb calls for utilisation of PRAL, REMIT data Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has called for using data from PRAL (Pakistan... Published 03 Jun, 2024 03:23pm
Taxes Erstwhile tribal areas: Steel sector warns govt against extending tax exemption ISLAMABAD: The steel sector has warned the federal government that any move to extend tax exemption to erstwhile... Published 01 Jun, 2024 06:59am
Taxes Delay in payment of refunds major area of concern for FTO’s office: Jah ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has said the taxpayers are fully confident to obtain ... Published 31 May, 2024 06:58am
Taxes ‘Defenders’ take ‘deemed income’ as tax on income, not on property LAHORE: The “defenders” of the concept of ‘deemed income’ take it as a tax on income and not on property,... Published 31 May, 2024 06:58am