Matters adjudicated by courts: FBR maintains no data bank LAHORE: The Federal Board of Revenue (FBR) has maintained no data bank of tax matters adjudicated upon in the courts... Updated 10 Dec, 2022 10:00am
Pakistan Money laundering, tax evasion: Rs0.5m fine imposed under AMLA-2010 and Rs0.1m under ITO-2001 ISLAMABAD: The government has imposed a fine of only Rs0.5 million under the Anti-Money Laundering Act 2010... Published 09 Dec, 2022 05:58am
Business & Finance Pharma supplies: KTBA urges FBR to revisit clarification about ‘further tax’ KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to revisit its earlier... Updated 09 Dec, 2022 09:25am
Print Soybean consignments: FTO takes suo motu notice ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken suo moto notice of the stuck-up consignments of imported... Updated 08 Dec, 2022 09:16am
Business & Finance Anti-Money Laundering Act: 149 notices in response to 767 complaints issued: FBR ISLAMABAD: The Chairman Federal Board of Revenue Asim Ahmad has informed the Senate Standing Committee on Finance ... Published 08 Dec, 2022 05:58am
Business & Finance Textile value chain: APTMA demands restoration of ‘zero rating’ KARACHI: All Pakistan Textile Association (APTMA) has urged the federal government for immediate restoration of... Updated 08 Dec, 2022 09:11am
Supplements Digital Certificates with Khazana Digital-e-Trust TEXT: In the past, PKI (public key infrastructure) technology was complicated which made its adoption a slow and a... Published 07 Dec, 2022 06:25am
Print Rs38bn additional taxation measures: Tax Laws (Amend) Ord may be extended for another 120 days ISLAMABAD: The government may extend the date of the Tax Laws (Second Amendment) Ordinance 2022, which was... Updated 07 Dec, 2022 09:51am
Business & Finance FBR empowered to transfer its auditors anywhere: SHC ISLAMABAD: The Sindh High Court (SHC) has declared that the Federal Board of Revenue (FBR) is fully empowered to... Published 06 Dec, 2022 05:58am
Print Big tax defaulters: FBR to auction off properties, trademarks Corporate Regional Tax Office Lahore writes a detailed letter to Director General of the Intellectual Property Organization of Pakistan Updated 05 Dec, 2022 10:40am
Print FBR set to fix minimum value for sugar supply FBR has constantly been engaged with the industry on the issue and taking input of the concerned industry Updated 05 Dec, 2022 02:06pm
Business & Finance Bajwa’s tax record: two more FBR officers suspended LAHORE: The Federal Board of Revenue (FBR) has suspended another two officers in connection with the leakage of tax... Updated 04 Dec, 2022 12:53pm
Business & Finance Income tax arrears: Nov collection up Rs2.33bn to Rs8.98bn YoY ISLAMABAD: The Federal Board of Revenue (FBR) has recovered income tax arrears of Rs8.98 billion during November... Updated 04 Dec, 2022 11:47am
Print Four senior tax officials suspended ISLAMABAD: Secretary Revenue Division/Federal Board of Revenue (FBR) Chairman Asim Ahmad has suspended four senior... Published 03 Dec, 2022 07:12am
Technology Taxation-related issues of IT sector: FBR nominates IR Commissioners as focal persons ISLAMABAD: The Federal Board of Revenue (FBR), for the first time, nominated Chief Commissioners (Inland Revenue) as... Updated 03 Dec, 2022 11:52am
Business & Finance FBR issues STGO 5: 89 unregistered retailers told to integrate with POS by 12th ISLAMABAD: The Federal Board of Revenue (FBR) has warned 89 unregistered retailers (Tier-1) to integrate themselves... Published 03 Dec, 2022 05:50am
Print Commission set up to help govt mobilise resources ISLAMABAD: Finance Minister Ishaq Dar has constituted an 11-member Reforms and Resource Mobilization Commission... Published 02 Dec, 2022 06:45am
Pakistan Leakage of Bajwa’s tax record: FBR extends inquiry to more officers to locate IP addresses LAHORE: After suspending two deputy commissioners over former army chief Bajwa’s tax record leakage, the Federal... Published 02 Dec, 2022 05:47am
Opinion Legal fiction, Section 7E & Constitution The Elahi Cotton case (it is the most misunderstood and misapplied judgement) makes absolutely clear that any item ... Published 02 Dec, 2022 05:47am
Markets To protect oilseed growers: TPB rejects RD on import substitution ISLAMABAD: The federal government’s Tariff Policy Board (TPB) headed by Commerce Minister has rejected a proposal... Published 02 Dec, 2022 05:47am
Print HSD, SKO & LDO: PL increased to generate Rs36.199bn ISLAMABAD: The federal government has increased petroleum levy on High Speed Diesel (HSD) by 98 percent, 17 percent... Updated 02 Dec, 2022 09:45am
Print Deemed income on capital assets: Taxpayers required to file new form separately ISLAMABAD: All taxpayers who have furnished their annual Income Tax Returns and wealth statements before the... Updated 02 Dec, 2022 09:49am
Pakistan Economic advice: Dar constitutes 11-member reform, resource mobilization commission Reforms and Resource Mobilization Commission will advise and make recommendations to finance minister on economic policies Updated 01 Dec, 2022 10:59pm
Print Dar dismisses sovereign default threat Says country’s economic problems are ‘temporary’ Updated 01 Dec, 2022 09:50am
Print Finance Bill 2023: SEZs: FBR to withdraw turnover tax exemption ISLAMABAD: The Federal Board of Revenue (FBR) will withdraw exemption of turnover tax for Special Economic Zones... Updated 01 Dec, 2022 09:44am
Business & Finance ATIR directs FBR to return ‘illegally recovered’ money to taxpayer ISLAMABAD: The Appellate Tribunal Inland Revenue, Islamabad, has directed the Federal Board of Revenue (FBR) to... Published 01 Dec, 2022 05:47am
Business & Finance Rs537bn target for Nov also achieved: FBR surpasses five-month tax target of Rs2.680trn ISLAMABAD: The Federal Board of Revenue (FBR) has exceeded both targets of Rs2,680 billion set for July-November... Updated 01 Dec, 2022 11:36am
Business & Finance IT return filing date extended to 15th ISLAMABAD: The Federal Board of Revenue (FBR) has further extended the date for filing of income tax returns (tax... Published 01 Dec, 2022 05:47am
Business & Finance Strategic Roadmap Initiative: PM Office team satisfied with progress made by FBR ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad on Tuesday informed the Prime Minister’s Office that... Published 30 Nov, 2022 07:44am
Business & Finance ‘Released’ consignments: Customs Adjudication can’t recover short levy, tax: SHC ISLAMABAD: The Sindh High Court (SHC), Tuesday, declared that the officers of the Collectorate of Customs... Updated 30 Nov, 2022 09:57am
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