SSTR implementation for telecom sector: FBR asks provinces to propose change in existing legislative framework ISLAMABAD: The Federal Board of Revenue (FBR) has asked provinces to propose any change in the existing legislative... Published 21 Mar, 2024 05:22am
Print Country needs ‘another’ IMF programme: PM Says rising electricity and gas theft, low tax-to-GDP ratio and rapid increase in expenditure need to be dealt with seriously Updated 21 Mar, 2024 09:54am
Print Dealings with local consumers: IMF for GST registration of online digital platforms ISLAMABAD: The International Monetary Fund (IMF) has recommended sales tax registration of online digital platforms... Updated 21 Mar, 2024 08:44am
Print Broadening tax base: PM seeks report on phase-wise economic reforms ISLAMABAD: Prime Minister Shehbaz Sharif presiding over a high-level meeting on Wednesday to discuss proposals with... Updated 21 Mar, 2024 09:54am
Editorials An amendment in the works? EDITORIAL: The declared election outcome notwithstanding recounting of votes since, appears to be veering towards a... Published 21 Mar, 2024 05:22am
Print Sales tax assessment: FBR to fix minimum values of steel products on quarterly basis ISLAMABAD: The Federal Board of Revenue (FBR) has decided to fix minimum values of steel products on quarterly... Updated 21 Mar, 2024 08:41am
Business & Finance FBR asks CCIRs to comply with court’s orders ISLAMABAD: The Federal Board of Revenue (FBR) has warned Chief Commissioners Inland Revenue that non-compliance of... Published 21 Mar, 2024 05:22am
Opinion Freelancer tax exemptions killing IT export corporate sector? Just like IT export businesses, Pakistan also gives tax exemptions to freelancers on their export income. However,... Updated 20 Mar, 2024 04:11am
Print IMF comes up with new ‘wish list’ ISLAMABAD: The International Monetary Fund (IMF) has recommended that the existing number of excisable goods is... Updated 20 Mar, 2024 12:23pm
Print Non-submission of comments: PHC attaches salary of FBR chief? ISLAMABAD: The Peshawar High Court (PHC) has attached the salary of the chairman of the Federal Board of Revenue... Updated 20 Mar, 2024 08:46am
Print Talks with IMF extended to today ISLAMABAD: Talks between the International Monetary Fund (IMF) and Pakistani authorities on the second review have... Updated 19 Mar, 2024 10:26am
Print Levying tax on annual rental value property: SC questions Sindh govt for not considering matter ISLAMABAD: The Supreme Court questioned why the Sindh government is not seriously taking up the matter of levying of... Updated 19 Mar, 2024 10:06am
Print Misinvoicing issue: Directorate of Valuation implements ‘LIVE’ System ISLAMABAD: In order to effectively address the issue of misinvoicing at the import stage, Directorate of Valuation,... Updated 19 Mar, 2024 09:21am
Print Power consumers: President confirms FTO’s decision ISLAMABAD: President of Pakistan has confirmed Federal Tax Ombudsman’s decision to alleviate miseries of power... Updated 19 Mar, 2024 09:21am
Editorials E-commerce underbelly EDITORIAL: Nearly six years after the introduction of the much-hyped Device Identification, Registration and ... Published 19 Mar, 2024 04:53am
Business & Finance Taxpayer gets reimbursed amount recovered from his bank account LAHORE: Due to the tax authorities’ failure to specify a reasonable payment timeframe, a corporate taxpayer... Published 19 Mar, 2024 04:53am
Business & Finance FBR enhances RD on import of mushrooms, truffles ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced regulatory duty (RD) on the import of some items ... Published 19 Mar, 2024 04:53am
Print 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
Pakistan Compliant taxpayers, exporters: PM to give away awards on 21st ISLAMABAD: Prime Minister Shehbaz Sharif has decided to give awards/certificates to compliant taxpayers and ... Published 17 Mar, 2024 02:49am
Business & Finance Business community leader advocates cut in interest rates KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 17 Mar, 2024 02:49am
Markets Listed securities: PSX for bringing CGT rates in line with CGT rates on sale of immovable property KARACHI: Pakistan Stock Exchange (PSX) has proposed that Capital Gain Tax (CGT) rates on listed securities be ... Published 16 Mar, 2024 06:26am
Business & Finance Sales Tax Rules 2006: KCCI urges FBR to revisit recent amendments KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to ... Published 16 Mar, 2024 06:26am
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
Print FBR’s applications rejected: IHC asserts its jurisdiction ISLAMABAD: The Islamabad High Court (IHC) rejecting the applications of the Federal Board of Revenue (FBR) ruled... Updated 16 Mar, 2024 03:06pm
Business & Finance Digitalization of tax system: FBR cuts deal with Karandaaz ISLAMABAD: The Federal Board of Revenue (FBR) has entered into an agreement with Karandaaz Pakistan for the... Published 16 Mar, 2024 06:26am
Business & Finance FBR notice issued within 6 years: ‘Taxpayer bound to maintain tax record till...’ ISLAMABAD: Federal Tax Ombudsman (FTO) Friday declared that once Federal Board of Revenue’s (FBR) notice is issued... Published 16 Mar, 2024 06:26am
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
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?