Dairy company withholds staff salary to pay advance tax? LAHORE: A leading dairy company has no option but to withhold staff salary to pay tax against a coercive demand... Published 20 Mar, 2022 06:04am
Business & Finance ‘Wrong’ sales tax calculations: Top 10 retailers of branded garments approach PM ISLAMABAD: Pakistan’s top 10 retailers of branded garments have approached Prime Minister Imran Khan against the... Updated 19 Mar, 2022 09:55am
Business & Finance Surayia appointed new FBR Member Customs Policy ISLAMABAD: The Federal Board of Revenue (FBR) has appointed Surayia Ahmed Butt as new FBR Member Customs Policy,... Published 19 Mar, 2022 04:42am
Business & Finance FBR official asked to decide mill’s plea in 2 months LAHORE: The Lahore High Court disposed of a petition filed by Shakarganj Mills Limited and directed the Commissioner... Published 19 Mar, 2022 04:42am
Print GST calculation, levy: FBR clarifies discount on standardized tax invoice ISLAMABAD: The Federal Board of Revenue (FBR), Friday, clarified that the sales tax will be calculated and charged ... Updated 19 Mar, 2022 04:23pm
Print IT sector, freelancers and startups: FBR ‘drafting’ ordinance aimed at extending incentives ISLAMABAD: The Federal Board of Revenue (FBR) is drafting a Presidential Ordinance to extend grant incentives,... Updated 19 Mar, 2022 04:23pm
Print 5-day ultimatum given to govt: Pharma sector rejects new FBR rules ISLAMABAD: The pharmaceutical sector has out rightly rejected the Federal Board of Revenue (FBR)’s new... Updated 18 Mar, 2022 09:46am
Business & Finance Collection of taxes through ‘coercion’: FTO’s advisory body objects to fake demands LAHORE: The Advisory Committee of Federal Tax Ombudsman (FTO) has objected to the practice of creating fake demands... Published 18 Mar, 2022 05:20am
Pakistan PTI govt has destroyed economy: Ghani ISLAMABAD: Sindh Information and Labour Minister Saeed Ghani claimed that Prime Minister Imran Khan has destroyed ... Published 17 Mar, 2022 04:53am
Print Seeds including rice seeds not exempted from ST: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has categorically ruled that the seeds including rice seeds are not... Updated 17 Mar, 2022 09:54am
Business & Finance Non-taxable areas: FBR conducting survey of industrial units ISLAMABAD: The Federal Board of Revenue (FBR) is conducting a survey of the industrial units located in the... Published 17 Mar, 2022 04:53am
Business & Finance Tax compliance: Only 20pc of retail sector turnover visible to FBR: Ashfaq ISLAMABAD: Chairman FBR/ Secretary Revenue Division, Dr Muhammad Ashfaq Ahmed said Tuesday that the annual business... Published 16 Mar, 2022 05:40am
Print Exploration of oil, gas: Body formed to fine-tune Model Production Sharing Agreement draft ISLAMABAD: Cabinet Committee on Energy (CCoE) has constituted an inter-ministerial committee under the chairmanship... Updated 16 Mar, 2022 09:55am
Business & Finance Carrying goods between Iran, Pakistan: FBR declares Bazarcha as new customs port ISLAMABAD: The Federal Board of Revenue (FBR) has declared Bazarcha Border Terminal, Taftan as new customs port for... Published 16 Mar, 2022 05:40am
Business & Finance Transportation of transit cargo: FBR facilitates Uzbek businessmen ISLAMABAD: Pakistan has facilitated Uzbek businessmen in filing of goods declarations (GDs) through their licensed... Published 16 Mar, 2022 05:40am
Print Invoices issued through all POSs: FBR fails to mention period and utilization of Re1 levy KARACHI: Federal Board of Revenue (FBR) has failed to mention the period and the utilization of Re.1 levy, being... Updated 15 Mar, 2022 10:12am
Print Financial accounts, sources of investments: Commissioners AEOI Zones to obtain info about NRPs ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Commissioners, Inland Revenue, Automatic Exchange of... Updated 15 Mar, 2022 10:13am
Business & Finance ‘Unfair’ tax deduction by automobile company: FTO Jah praises President’s decision LAHORE: President Dr Arif Alvi has rejected 25 appeals of the Federal Board of Revenue (FBR) against a decision on... Updated 15 Mar, 2022 06:36am
Business & Finance FBR field formations not maintaining IT-based tracking system: FTO ISLAMABAD: Federal Tax Ombudsman has noted with concern that the Federal Board of Revenue’s (FBR) field formations... Published 15 Mar, 2022 05:43am
Business & Finance CNIC condition: FBR concerned at non-compliance by majority of businesses ISLAMABAD: The Federal Board of Revenue (FBR) has expressed its concern over non-compliance by majority of ... Published 15 Mar, 2022 05:43am
Pakistan Lawyers for FBR accused of showing poor performance ISLAMABAD: A total number of 27 panel advocates and special public prosecutors (SPPs) of the Federal Board of ... Updated 14 Mar, 2022 07:28am
Print ST rate will be rationalized in ‘due course’: FBR chief LAHORE: Chairman Federal Board of Revenue (FBR) Dr Muhammad Ashfaq has said that at present, tax-to-GDP ratio is... Updated 14 Mar, 2022 09:45am
Pakistan Grade-18 and Grade-16 officers: FBR removes two for ‘inefficiency’, ‘misconduct’ ISLAMABAD: The Federal Board of Revenue (FBR) has dismissed from services two officials of Grade-18 and Grade-16 on... Updated 13 Mar, 2022 07:04am
Pakistan FBR says it resolved 12,850 out of 13,001 complaints during 2020-21 ISLAMABAD: The Federal Board of Revenue (FBR) has received 13,001 complaints against the tax department and resolved... Published 13 Mar, 2022 06:22am
Business & Finance FBR lacks capacity to analyse big data ISLAMABAD: The Federal Board of Revenue (FBR) lacks the capacity to analyse big data to detect tax evasion, ... Updated 13 Mar, 2022 07:03am
Print Maladministration in FBR: FTO has authority to conduct inspection ISLAMABAD: The powers of Federal Tax Ombudsman (FTO) for conducting inspections of the Commissioners Appeals or the... Updated 13 Mar, 2022 09:13am
Business & Finance RTO Lahore recovered Rs25m from T-1Rs in Feb: chief commissioner LAHORE: Regional Tax Office (RTO) Lahore has made a recovery of Rs 25 million against the penalties imposed on ... Published 12 Mar, 2022 04:08am
Business & Finance Business community facing challenge of land grab, KCCI tells govts KARACHI: “The federal and provincial governments, in the larger interest of the country as well as Sindh province,... Published 12 Mar, 2022 04:08am
Pakistan Massey Ferguson Tractors unit: NFS&R voices its concern over closure ISLAMABAD: A parliamentary panel on Wednesday expressing serious concerns over the closure of production unit of... Published 10 Mar, 2022 07:15am
Print Tier-1 retailers avoiding POS system: GST return form amendment aimed at disallowing 60pc input tax credit ISLAMABAD: The Federal Board of Revenue (FBR) has amended the monthly sales tax return form to insert a new column... Updated 09 Mar, 2022 09:55am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn