FTO says lease agreements are different from toll tax ISLAMABAD: Federal Tax Ombudsman (FTO) has categorically ruled that all lease agreements are not similar to toll tax... Published 27 Oct, 2022 05:54am
Print Japan International Cooperation Agency: FBR exempts tax on supply of goods, service ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax on supply of goods and service provided to ... Updated 27 Oct, 2022 09:46am
Business & Finance NPOs and trusts: FBR asks chief commissioners to conduct performance appraisal ISLAMABAD: The Federal Board of Revenue (FBR) has directed the Chief Commissioners (Inland Revenue) to conduct... Published 26 Oct, 2022 06:37am
Pakistan Sec 175 of ITO: FBR’s DI&I has legal jurisdiction to issue notices: IHC ISLAMABAD: The Islamabad High Court (IHC) on Tuesday held that the Directorate of Intelligence & Investigation ... Published 26 Oct, 2022 05:52am
Business & Finance Previously banned items: Additional CD not applicable to stuck-up consignments: FBR ISLAMABAD: The regulatory duty and additional customs duty shall not be applicable on the clearance of stuck-up... Published 26 Oct, 2022 05:52am
Business & Finance FBR fails to detect Rs2.6bn wrong input tax adjustments ISLAMABAD: The IT system of the Federal Board of Revenue (FBR) has failed to detect wrong input tax adjustments of... Published 26 Oct, 2022 05:52am
Pakistan I&I Lahore makes record seizure of smuggled goods ISLAMABAD: Directorate General of Intelligence & Investigation, Lahore, on Monday made a record seizure of... Published 25 Oct, 2022 06:45am
Business & Finance ITeS export remittances: There has been a lot of soul-searching about decline ISLAMABAD: The Ministry of Information Technology and Telecommunication has warned the government that on account of... Published 25 Oct, 2022 05:51am
Print New IT return form unveiled for small-scale traders ISLAMABAD: The Federal Board of Revenue (FBR) has notified a simplified income tax return form for small retailers... Updated 25 Oct, 2022 09:33am
Print FBR crosses Rs2trn collection mark ISLAMABAD: The Federal Board of Revenue (FBR) has crossed revenue collection figure of Rs2 trillion during the first... Updated 25 Oct, 2022 09:34am
Business & Finance PFA demands to bring furniture retailers into fixed tax regime KARACHI: Senior vice chairman of Pakistan Furniture Association (PFA) Rana Waheed Murad while referring to several... Published 25 Oct, 2022 05:51am
Print Appeal filing: FBR lays down strict conditions ISLAMABAD: The Federal Board of Revenue (FBR) has laid down strict conditions on the Commissioner (Legal) in Large... Updated 24 Oct, 2022 09:30am
Business & Finance FBR played key role in completing tasks under FATF action plans ISLAMABAD: Like many other governmental organizations, FBR has played a key role in completing the FATF action plans... Published 24 Oct, 2022 05:45am
Editorials One big can of worms EDITORIAL: It’s increasingly clear that the saga of former prime minister (PM) Imran Khan’s disqualification for... Published 24 Oct, 2022 05:45am
Business & Finance Failure to issue tax relief orders: FTO unearths hundreds of cases involving LTOs and RTOs ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed hundreds of cases involving Large Tax Offices (LTOs) and... Updated 22 Oct, 2022 11:57am
Business & Finance Delay in sales tax refunds adversely affecting export cycle, says PTEA FAISALABAD: Undue delay in payment of exporters’ sales tax refunds against approved Refund Payment Orders (RPOs) ... Published 21 Oct, 2022 05:57am
Pakistan Illegal trading of US dollars: APAT demands action against bankers, traders LAHORE: The All Pakistan Anjuman-e-Tajran (APAT) has demanded of the federal and provincial governments to identify... Published 20 Oct, 2022 05:36am
Business & Finance From tobacco makers: FBR collected Rs160bn last year, PAC told ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs160 billion tax from tobacco manufacturers last year, ... Published 20 Oct, 2022 05:36am
Print Vehicles’ parts, accessories: FBR slaps additional customs duty ISLAMABAD: The Federal Board of Revenue (FBR) has imposed/ revised additional customs duty on the import of a wide... Updated 20 Oct, 2022 10:18am
Business & Finance Overseas employment promoters: FTO asks FBR to ensure uniform ST rate on services LAHROE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Federal Board of Revenue (FBR) to ensure a... Published 19 Oct, 2022 07:00am
Pakistan Govt should revisit auto policy, PAC told ISLAMABAD: The policy of import compression by the government to manage the balance of payments which was ... Updated 19 Oct, 2022 07:20am
Print US official, FBR chief discuss new scope for US firms ISLAMABAD: A senior official of the United States Embassy in Islamabad met Federal Board of Revenue (FBR) Chairman... Updated 19 Oct, 2022 09:42am
Pakistan ‘Ghulam Khan’ declared TIR border crossing point ISLAMABAD: The Federal Board of Revenue (FBR) has declared ‘Ghulam Khan’ as a border customs station for ... Published 18 Oct, 2022 06:02am
Pakistan Rashid says FBR has sent him notice ISLAMABAD: Former interior minister Sheikh Rashid Ahmed said on Monday that the Federal Board of Revenue (FBR) has... Published 18 Oct, 2022 06:02am
Business & Finance Afghan transit trade: FBR allows cross-stuffing of containerised cargo ISLAMABAD: The Federal Board of Revenue (FBR) has allowed cross-stuffing of containerised cargo under Afghan transit... Published 18 Oct, 2022 06:02am
Print Sale of goods by duty-free shops: FBR suffers huge revenue loss: AGP ISLAMABAD: The Federal Board of Revenue (FBR) has suffered revenue loss on account of the sale of goods by the duty... Updated 17 Oct, 2022 09:57am
Print Transfer of jurisdiction caused hardship to taxpayers: FTO ISLAMABAD: Federal Tax Ombudsman (FTO) has conveyed to the Federal Board of Revenue (FBR) that the transfer of... Updated 17 Oct, 2022 09:58am
Pakistan Recoveries in 2020-21: AGP detects inadmissible cash awards to 202 Customs officials ISLAMABAD: The Auditor General of Pakistan (AGP) has detected inadmissible payment of cash rewards to 202 Customs... Published 16 Oct, 2022 03:53am
Business & Finance FBR issues list of POS prize winners ISLAMABAD: The Federal Board of Revenue (FBR) has held the 10th computerised ballot for its flagship initiative, the... Published 16 Oct, 2022 03:53am
Business & Finance Exempted power supplies to Pata: FBR fails to add proper column to ST returns LAHORE: The Federal Board of Revenue (FBR) has failed to add a column to the sales tax returns to entertain exempted... Published 16 Oct, 2022 03:53am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?