Valuation of immovable properties: FTO directs FBR to hire competent, experienced valuers ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to hire competent and... Updated 23 Dec, 2023 07:42pm
Business & Finance Foreign currency deals during 2021, 2022: FBR to impose 40pc additional tax on windfall profits of banks ISLAMABAD: The Federal Board of Revenue (FBR) will shortly issue a statutory regulatory order (SRO) to impose 40... Published 22 Nov, 2023 05:48am
Print Forex deals: Tax on windfall profits of banks likely ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall... Updated 15 Nov, 2023 09:49am
Print Tax experts explain how FBR implements orders issued by courts ISLAMABAD: Tax experts have alleged that the Federal Board of Revenue (FBR) implements court orders in favour of the... Updated 07 Nov, 2023 09:18am
Print Experts say super tax based on discrimination LAHORE: The imposition of super tax is hit by the principle of past and closed transaction, as no tax can... Updated 07 Oct, 2023 09:52am
Print Govt collects Rs75bn PL in July ISLAMABAD: The government collected Rs 75 billion in July 2023 on account of petroleum levy (PL), a key source of... Updated 22 Aug, 2023 08:56am
Opinion Super tax and tax on bonus: misinterpretation of basic accounting—I In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures... Published 05 Jul, 2023 06:00am
Business & Finance FBR urged to address errors, omissions thru finance bill ISLAMABAD: Tax experts have urged the Federal Board of Revenue (FBR) to correct the errors and omissions of earlier... Published 29 May, 2023 04:27am
Print Govt rejects tax on firms’ reserves proposal ISLAMABAD: The government has rejected a proposal of the Reforms and Resource Mobilization Commission (RRMC) to... Updated 09 May, 2023 12:45pm
Opinion When and who must table FY24 budget? With the exact date for the next elections still not set, be it by order of the apex court or a consensus between ... Published 01 May, 2023 03:28am
Print Finance Act challenged: Taxpayers pay Rs3bn court fees for 6,000 petitions against FBR ISLAMABAD: Taxpayers have paid huge amounts of Rs2.5 billion to Rs3 billion as fees for filing 6,000 petitions in... Updated 19 Mar, 2023 09:45am
Print 25pc GST on luxury items: FBR will move a summary ISLAMABAD: The Federal Board of Revenue (FBR) will move a summary to the federal cabinet for imposing a higher rate... Updated 28 Feb, 2023 09:36am
Opinion Taxation of immovable property The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the... Updated 27 Jan, 2023 11:36pm
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
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