Manually or electronically: President says taxpayers to get equal treatment ISLAMABAD: President of Pakistan has ruled that the filers of income tax returns manually would now be able to enjoy... Updated 18 Mar, 2024 09:54am
Print FBR restructuring plan: Major impediment to implementation seems to be bureaucracy itself ISLAMABAD: The interaction of new Finance Minister with Federal Board of Revenue’s team clearly reflects FM’s... Updated 18 Mar, 2024 09:51am
Editorials Body to help curtail govt expenditure EDITORIAL: Prime Minister Shehbaz Sharif has formed a seven-member committee tasked to curtail government expenses... Published 18 Mar, 2024 04:56am
Print PM directs Ministry to explore possibility of Panda Bonds Directions issued to shore up depleting foreign exchange reserves Updated 16 Mar, 2024 10:14pm
Business & Finance Digitalisation of tax system: PSMA for QR Code printed polypropylene bags ISLAMABAD: The new government needs to replace printed paper stamps for the sugar industry under the Track and Trace... Published 16 Mar, 2024 06:26am
Business & Finance Despite existence of ADTT, LTO orders deduction of tax against offshore co LAHORE: The Large Tax Office (LTO) has gotten egg on face by deducting tax against an offshore company in presence ... Published 16 Mar, 2024 06:26am
Print Construction sector: IMF asks FBR to abolish special tax regime Recommends subjecting sector to standard income tax regime Updated 15 Mar, 2024 04:03pm
Business & Finance e-commerce platforms facilitating trade of smuggled smartphones? KARACHI: Some of the leading e-commerce platforms have said to be the biggest source for trading non-PTA-approved... Updated 15 Mar, 2024 08:28am
Print SBA talks: Govt to have little ‘manoeuvrability’ to cut utility prices ISLAMABAD: The government will have little, if any, maneuverability to reduce utility prices during the second... Updated 13 Mar, 2024 12:30pm
Business & Finance Tribunal reduces penalty disproportionate to gravity of sales tax default? LAHORE: An Inland Revenue appellate tribunal has reduced penalty against defaulter of sales tax owing to... Published 12 Mar, 2024 04:27am
World Trump suggests tax cuts can help offset 10% tariff impact WASHINGTON: Donald Trump defended Monday his proposal of a universal 10 percent tariff on imports, suggesting tax... Published 11 Mar, 2024 08:06pm
BR Research Indus Motors: Better be happy! Indus Motors expects economic recovery and as a result the demand for its cars to recover slowly, predicting volumes... Published 11 Mar, 2024 08:39am
Business & Finance Tobacco revenue may cross $2bn mark by curbing illicit trade LAHORE: The government has the potential to generate $2 billion revenue from the legitimate tobacco industry by... Published 09 Mar, 2024 04:59am
Print PM vows structural reforms Says government fully committed to increase tax to GDP ratio Updated 09 Mar, 2024 10:54pm
Print Rs160bn FBR notice lands SNGPL in hot water ISLAMABAD: The Sui Northern Gas Pipeline Limited (SNGPL) is reportedly in hot water after receiving the tax demand... Updated 09 Mar, 2024 04:10pm
Business & Finance Invoice price more than Rs4m: FBR slaps 25pc sales tax on ‘local’ vehicles ISLAMABAD: The Federal Board of Revenue (FBR) will charge 25 percent sales tax on locally manufactured or assembled... Published 09 Mar, 2024 04:59am
Print Reducing risk of sales tax fraud: FBR places curbs on various activities, transactions ISLAMABAD: The Federal Board of Revenue (FBR) has placed restrictions on various activities and transactions of... Updated 09 Mar, 2024 06:51pm
Print ‘Misuse’ of EFS: Rs1.08bn tax evasion scam unearthed KARACHI: The Directorate General of Post Clearance Audit (PCA) South has uncovered a massive tax evasion scam... Updated 09 Mar, 2024 01:21pm
Business & Finance RTO Rawalpindi disallowed to attach taxpayer’s bank accounts ISLAMABAD: The Lahore High Court (LHC) Rawalpindi Bench has barred the Regional Tax Office (RTO) Rawalpindi from... Published 07 Mar, 2024 04:59am
Business & Finance FBR issues instructions: Field formations asked to decide refund claims in 30 days ISLAMABAD: On the directions of Prime Minister Shehbaz Sharif, the Federal Board of Revenue (FBR) has issued... Published 07 Mar, 2024 04:59am
Pakistan Experts for harmonising cigarette taxes with WHO guidelines ISLAMABAD: Health experts and anti-tobacco activists urged the government to harmonise cigarette taxes with the ... Published 06 Mar, 2024 04:18am
Print There’s drastic cut in the number of income tax return filers Total number of persons covered under ATL 2023 totalled 3,350,000, compared to 5,730,000 in ATL 2022 Updated 06 Mar, 2024 02:05pm
Business & Finance Salt makers demand sales tax refund payment ISLAMABAD: Qasim Yaqoob Paracha, Chairman of the Salt Manufacturers Association Pakistan, stated that the salt ... Published 04 Mar, 2024 04:15am
Business & Finance ‘FBR forced to implement 94pc of FTO’s orders’ ISLAMABAD: Federal Tax Ombudsman (FTO) Asif Mahmood Jah has said that the Federal Board of Revenue (FBR) has been... Published 04 Mar, 2024 04:15am
Markets JS Bank records 853% jump in profit in 2023 JS Bank Limited (JSBL) posted massive earnings of Rs10.39 billion ($36.85 million) in 2023, up over 853% from the... Published 29 Feb, 2024 02:49pm
Print Swapping issue: Rs100bn FBR notice perplexes beleaguered SNGPL ISLAMABAD: Federal Board of Revenue (FBR) is said to have put Sui Northern Gas Pipeline Limited (SNGPL) under... Updated 29 Feb, 2024 08:50am
Print Cases falling under LHC jurisdiction: Section 7E of tax law will now be applicable ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday directed field formations of Punjab that the section 7E (tax... Updated 29 Feb, 2024 08:51am
Business & Finance Policy reforms on tobacco taxation urged ISLAMABAD: The absence of a clear policy reforms on tobacco taxation for multinational cigarette manufacturing... Published 29 Feb, 2024 04:41am
Business & Finance Need for combating illicit tobacco trade for economic boost stressed LAHORE: Emphasising the need for documenting and taxing illicit tobacco transactions, the experts have called for... Published 28 Feb, 2024 06:10am
Business & Finance Taxpayer claims audit proceedings conducted under repealed provisions LAHORE: A taxpayer has alleged the income tax department to have used repealed provisions of the law to carry out... Published 28 Feb, 2024 06:10am