10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019 ISLAMABAD: The Supreme Court of Pakistan (SC) has allowed 10 percent tax credit to the persons who have imported and... Updated 19 Sep, 2024 09:25am
Business & Finance Explaining alternative dispute resolution (ADR) General, 1. Dispute resolution is a preferred vehicle to settle cases where questions of facts or a composite... Published 13 Sep, 2024 07:08am
Opinion Pulling the rug from under the carpet industry’s feet The traditional woolen hand-knotted carpet and rugs manufacturing sector had uniquely positioned Pakistan among the... Updated 25 Jul, 2024 07:31am
Business & Finance Traders show concerns on changes in ST regime LAHORE: A delegation of traders, led by Khalid Pervez, visited the Lahore Chamber and met with President of Lahore... Published 14 Jul, 2024 02:55am
Opinion FED on transfer of immoveable property “Accordingly CVT was abolished through the Finance Act 2010 as charge and levy of CVT became a provincial subject.... Updated 12 Jul, 2024 08:55am
Print SC asks whether or not govt can promise tax credit and then take it away retrospectively? ISLAMABAD: The Supreme Court was asked to decide whether the government can first encourage businesses to make fresh... Updated 08 Jul, 2024 09:03am
Print Sale of govt-allotted immovable properties: Scope of WHT exemption expanded ISLAMABAD: The government has expanded the scope of withholding tax exemption on the sale of government-allotted... Updated 03 Jul, 2024 08:32am
Pakistan ‘Foreign gifts not for sale’: Govt directs ministries to submit undertaking ISLAMABAD: The government has directed all ministries to submit undertaking that duties and taxes free goods... Updated 02 Jul, 2024 09:07am
Print Tajir Dost Scheme: There should be no extra tax on registered traders: CC ISLAMABAD: There should be no additional tax on traders and shopkeepers registered under the Tajir Dost Scheme from... Updated 02 Jul, 2024 09:30am
Pakistan We understand the pain, will provide relief to salaried class at first opportunity we get: Aurangzeb Finance Minister Muhammad Aurangzeb has said that the government will provide relief to the salaried class at the... Updated 01 Jul, 2024 07:03pm
Business & Finance AMENDMENTS ENACTED BY FINANCE ACT, 2024: VIS-À-VIS THOSE PROPOSED IN FINANCE BILL, 2024 The Federal Government presented Finance Bill, 2024 (‘FB’) in the National Assembly on June 12, 2024. After debate... Published 01 Jul, 2024 07:01am
Print New taxation steps come into effect today Government enforces new taxation measures of Rs1.761 trillion Updated 01 Jul, 2024 09:23am
Editorials New taxation steps create a kind of tunnel vision EDITORIAL: The government is desperate to increase its tax revenues to meet the International Monetary Fund (IMF)... Published 01 Jul, 2024 07:01am
Print 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
Internet loadshedding?: netizens report disruption in various services on mobile broadband in Pakistan
Air Link CEO confirms company has imported 2 units of Xiaomi SU7, but talk of assembly plant premature
Air Link CEO confirms company has imported 2 units of Xiaomi SU7, but talk of assembly plant premature
Internet loadshedding?: netizens report disruption in various services on mobile broadband in Pakistan
Air Link CEO confirms company has imported 2 units of Xiaomi SU7, but talk of assembly plant premature
Internet loadshedding?: netizens report disruption in various services on mobile broadband in Pakistan