Immovable property deals: Boards of revenue told to collect enhanced WHT under Sec 236C New rates of advance tax on sale/transfer and purchase of immovable properties will be applicable from July 1, 2022 Updated 26 Jul, 2022 11:59am
Business & Finance SECP registered 26,502 companies in FY 2021-22 ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 26,502 new companies in FY 2021-22,... Published 26 Jul, 2022 04:30am
Business & Finance Taxes on power bills ‘KE fully supports business community’ KARACHI: Following the reservations raised by the business community over the implementation of taxes introduced in... Published 25 Jul, 2022 06:12am
Business & Finance FTO directs FBR to clear over 3,000 courier consignments ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately clear over... Published 24 Jul, 2022 06:37am
Print GST payments in installments: FBR empowered to facilitate federal, provincial govts ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to grant permission to the federal and provincial... Updated 24 Jul, 2022 09:01am
Print Edible oil, paper, other goods: WHT on imports made ‘minimum tax’ Under the Finance Act 2022, certain changes have been incorporated with regard to WHT on imports under section 148 of the Income Tax Ordinance 2001 Updated 24 Jul, 2022 03:38pm
Business & Finance Neighbouring countries: Obstacles in legal trade to be removed: FBR chief ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmed has said that the FBR is taking facilitative measures... Published 23 Jul, 2022 04:10am
Print FBR estimates potential Rs3trn tax gap Gap exists due to tax exemptions given to powerful sectors/lobbies, massive tax evasion, inability of tax machinery to collect due taxes Updated 23 Jul, 2022 02:30pm
Business & Finance Finance Act: FBR expands scope of resident individual ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of the definition of resident individual... Updated 23 Jul, 2022 01:31pm
Business & Finance Less than Rs100m GST liability: Tax-related disputes can’t be brought before FBR ISLAMABAD: Taxpayers now cannot bring tax-related disputes before the Federal Board of Revenue (FBR) involving sales... Published 23 Jul, 2022 04:10am
Editorials Letting the steel sector rot EDITORIAL: All eyes are now on the Federal Board of Revenue (FBR) as it investigates alleged large-scale... Published 23 Jul, 2022 04:10am
Print Resident persons: Deemed income from immovable properties now taxable FBR circular explains important amendments made in the Income Tax Ordinance, 2001 Updated 23 Jul, 2022 12:42pm
Business & Finance Minimum tax rate on OMCs’ turnover cut under Finance Act Drops from 0.75% to 0.5% Updated 22 Jul, 2022 12:30pm
Business & Finance IT & IT-enabled services: Reduced rate of final tax provided to exporters registered with PSEB ISLAMABAD: A reduced rate of final tax of 0.25 percent has been provided for exporters of the IT and IT-enabled... Published 22 Jul, 2022 06:07am
Business & Finance Sales tax evasion: FBR asked to take action against big retailers ISLAMABAD: The Federal Tax Ombudsman (FTO) on Thursday directed the Federal Board of Revenue (FBR) to take action... Published 22 Jul, 2022 06:07am
Business & Finance Service-related matters: FBR compiles records of tax officials using ‘political pressure’ ISLAMABAD: The Federal Board of Revenue (FBR) has compiled separate records of tax officials involved in exerting... Published 22 Jul, 2022 06:07am
Print Small retailers: fixed tax regime rationalized Tax amounts shall be doubled if name of retailer does not appear on Active Taxpayers List Updated 22 Jul, 2022 09:17am
Print Tax rate on income of banking firms enhanced Rises to 39% for tax year 2023 compared to 35% Updated 22 Jul, 2022 09:23am
Print Service charges/ commission/ fees: Payments to non-residents brought into the tax net FBR inserts two new sub-sections in Section 152 of Income Tax Ordinance for taxation payments to non-residents Updated 22 Jul, 2022 09:31am
Pakistan Over 75 suo motu cases taken up by FTO in six months ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mehmood Jah took up over 75 suo motu cases pertaining to... Published 21 Jul, 2022 06:59am
Business & Finance Top corporate and individual taxpayers: FBR to share tax payment data after cabinet’s nod Government’s permission is needed to share data as per Income Tax Ordinance 2001 Updated 21 Jul, 2022 10:28am
Pakistan Tayyaba Gull allegations: Tussle between PAC and NAB ends ISLAMABAD: Acting Chairman and Director General (Lahore) National Accountability Bureau (NAB) on Wednesday ended the... Published 21 Jul, 2022 05:40am
Print Capital assets in Pakistan: Tax on ‘deemed income’ challenged in LHC LHC issues notice to Attorney General of Pakistan Updated 21 Jul, 2022 09:49am
Business & Finance Automation system: FTO approves Rs250m upgradation plan LAHORE: Federal Tax Ombudsman (FTO) Dr Muhammad Asif Jah has approved Rs 250 million upgradation plan for the... Published 21 Jul, 2022 05:40am
Business & Finance LCCI assured: Concerns of importers about SRO 598 to be taken up with ministries LAHORE: Federal Secretary Industries Imdadullah Bosal has said that all the concerns of importers regarding SRO 598... Published 21 Jul, 2022 05:40am
Pakistan Customs Operations: Mukarram Jah Ansari made new FBR Member ISLAMABAD: The Federal Board of Revenue (FBR) has appointed Mukarram Jah Ansari (Pakistan Customs Service/BS-21) as... Published 20 Jul, 2022 07:37am
Business & Finance FBR asked to devise ‘simple’ return form ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to devise a simple return... Published 20 Jul, 2022 07:37am
Business & Finance President directs tax dept to adequately compensate importer ISLAMABAD: President of Pakistan has rejected a representation filed by the Federal Board of Revenue (FBR) and... Published 20 Jul, 2022 05:48am
Print Prime/brand new steel: FBR asked to probe phenomenon of large-scale misdeclarations FTO sets deadline of July 2022 for early submission of report Updated 19 Jul, 2022 10:58am
Business & Finance Transit trade: DGTT Karachi authorised to manage, supervise cargo scanners ISLAMABAD: The Federal Board of Revenue (FBR) on Monday authorised the Directorate General of Transit Trade, Karachi... Published 19 Jul, 2022 06:00am
Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces