The federal government has not set up the appellate tribunal for the last one and a half years under section 12A of amended NEPRA Act, 2018.

The restaurants are liable to pay sales tax on food supply to the Federal Board of Revenue (FBR) under the Sales Tax Act, 1990 after the Finance Act, 2019, and the Punjab Revenue Authority (PRA) has no authority to collect such sales tax, said tax expert

Both the ill-intention of the Federal Board of Revenue (FBR) bureaucracy and inefficiency of the government have led to undue delay in issuance of Fixed Tax Regime for traders, causing negligible business transactions in the months of July and August and

The Federal government is not competent to impose a tax on agricultural income whether directly or indirectly. However, as per an amendment made in section 111 through the Finance Act 2013, where a taxpayer explains the nature and source of amount credite

The Federal government is not competent to impose a tax on agricultural income whether directly or indirectly. However, as per an amendment made in section 111 through the Finance Act 2013, where a taxpayer explains the nature and source of amount credite

The Lahore Electric Supply Company (LESCO) management is allegedly trying to protect a XEN by not suspending him after his name appeared in an FIR against corruption charges. It is learnt that LESCO management is striving to dilute the charges against Muh

The Lahore Tax Bar Association (LTBA) has urged Chairman Federal Board of Revenue (FBR) to extend the date of filing of Income Tax return of Individuals, Salaried Individual & AOPs for the year 2019 up to 31st December, 2019 to facilitate the genuine taxp

Selection of taxpayers' cases for income tax audit whose income tax affairs have been audited in any of the preceding three tax years is in derogation of the exemption allowed to the petitioner.

Steps taken in the Finance Act 2019 to discourage undocumented and non-cash economy would be a key step towards federal government's initiatives regarding documentation of the national economy, said tax experts. Talking to Business Recorder, tax expert Mu

Trade misinvoicing is not only a major source of capital flight and reverse capital flight, but it also deprives the national exchequer of an amount equal to 11 percent of the total revenue generated through customs duties and export tax, said tax experts

Imposition of a minimum slab of Rs20,000 as advance tax under the Finance Act 2018 demands an early notice of Chairman Federal Board of Revenue (FBR), as a tax can only be imposed on 'income' and not on anything else, much less on expenditure, which is no

The Corporate Regional Tax Office (CRTO) and Lahore Electric Supply Company (Lesco) have joined hands under the tax broadening drive of Federal Board of Revenue (FBR). A unique exercise of issuing notices to both industrial and commercial consumers, warni

Entering and searching property of taxpayer to seize material, including record, accounts, documents and computer etc., without due diligence is a negation of the fundamental right of taxpayers. According to tax experts, the discretionary attitude of tax

The Lahore Electric Supply Company (LESCO), in collaboration with the Corporate Regional Tax Office (CRTO) Lahore, has issued notices to industrial and large commercial consumers for disconnection of supplies in case they failed to get National Tax Number

Entering of the field formation staff of the Federal Board of Revenue (FBR) to business premises and forceful monitoring of stock, production and supply of manufactured goods without any prior intimation, notice or any show-cause notice has inflicted a ne

The Regional Tax Office-II, Lahore has issued 63011 sales tax registration letters/notices to industrial and commercial connection holders of LESCO and SNGPL. Chief Commissioner, RTO-II, Lahore Ahmad Shuja Khan said that influx of new sales tax registrati

The Lahore Electric Supply Company (Lesco) has banned the facility of installments on commercial and industrial bills while the domestic consumers would only be allowed installments up to 31st of August, said the sources.

In a PILDAT comparative assessment of performance of Pakistan's four provincial assemblies in their first year after the 2018 general election, the provincial assembly of Sindh has outranked other provincial assemblies in holding sessions for most days du

The Lahore Electric Supply Company (Lesco) has charged 17 percent GST to zero-rated industrial consumers of electricity without tariff notification/direction by the government to withdraw the facility of zero rating and charge GST from them. The Lesco sta

Prevailing uncertainty regarding imposition of taxes has brought market activities to a halt, as market sources are of the view that small and medium traders are clueless and totally blank with regard to new tax regime. Major retail chains have some idea