DG of Intelligence & Investigation IR: FBR empowers Director to approve inquiry initiation against businessmen involved in tax fraud Published 18 Mar, 2026 04:35am ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Director of the Directorate General of Intelligence...
FBR counsel argues before FCC: Legislature can levy a tax with retrospective effect Published 07 Jan, 2026 05:53am ISLAMABAD: The Federal Board of Revenue (FBR) counsel told the Federal Constitutional Court (FCC) that the...
FBR eases key Finance Act provisions Updated 05 Aug, 2025 09:03am ISLAMABAD: The Federal Board of Revenue (FBR) has relaxed some major enforcement provisions of the Finance Act 2025...
FBR delays Finance Act steps, eases importers declarations Updated 30 Jul, 2025 08:51am ISLAMABAD: The Federal Board of Revenue (FBR) has delayed implementation of a budgetary measure of Finance Act 2025...
Finance Act expands definition of tax fraud Updated 17 Jul, 2025 09:12am ISLAMABAD: The Finance Act 2025 has significantly expanded the definition of tax fraud, prompting considerable...
Finance Act restricts IRO’s presence to business premises only Published 05 Jul, 2025 06:45am LAHORE: The Finance Act has restricted the presence of Inland Revenue Officer (IRO) to business premises only....
FBR: Messing up a messy law Published 13 Dec, 2024 07:39am Actus legis nemini facit injurium (A party should not suffer on account of an act or omission by the Court or State...
APTMA steps up pressure on govt to restore EFS Updated 01 Dec, 2024 03:21pm Pakistan’s textile industry accounts for 40 per cent of the country’s industrial workforce, providing livelihoods to millions of families
10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019 Updated 19 Sep, 2024 09:25am ISLAMABAD: The Supreme Court of Pakistan (SC) has allowed 10 percent tax credit to the persons who have imported and...
Explaining alternative dispute resolution (ADR) Published 13 Sep, 2024 07:08am General, 1. Dispute resolution is a preferred vehicle to settle cases where questions of facts or a composite...
Pulling the rug from under the carpet industry’s feet Updated 25 Jul, 2024 07:31am The traditional woolen hand-knotted carpet and rugs manufacturing sector had uniquely positioned Pakistan among the...
Traders show concerns on changes in ST regime Published 14 Jul, 2024 02:55am LAHORE: A delegation of traders, led by Khalid Pervez, visited the Lahore Chamber and met with President of Lahore...
FED on transfer of immoveable property Updated 12 Jul, 2024 08:55am “Accordingly CVT was abolished through the Finance Act 2010 as charge and levy of CVT became a provincial subject....
SC asks whether or not govt can promise tax credit and then take it away retrospectively? Updated 08 Jul, 2024 09:03am ISLAMABAD: The Supreme Court was asked to decide whether the government can first encourage businesses to make fresh...
Sale of govt-allotted immovable properties: Scope of WHT exemption expanded Updated 03 Jul, 2024 08:32am ISLAMABAD: The government has expanded the scope of withholding tax exemption on the sale of government-allotted...
‘Foreign gifts not for sale’: Govt directs ministries to submit undertaking Updated 02 Jul, 2024 09:07am ISLAMABAD: The government has directed all ministries to submit undertaking that duties and taxes free goods...
Tajir Dost Scheme: There should be no extra tax on registered traders: CC Updated 02 Jul, 2024 09:30am ISLAMABAD: There should be no additional tax on traders and shopkeepers registered under the Tajir Dost Scheme from...
We understand the pain, will provide relief to salaried class at first opportunity we get: Aurangzeb Updated 01 Jul, 2024 07:03pm Finance Minister Muhammad Aurangzeb has said that the government will provide relief to the salaried class at the...
New taxation steps create a kind of tunnel vision Published 01 Jul, 2024 07:01am EDITORIAL: The government is desperate to increase its tax revenues to meet the International Monetary Fund (IMF)...
New taxation steps come into effect today Updated 01 Jul, 2024 09:23am Government enforces new taxation measures of Rs1.761 trillion
AMENDMENTS ENACTED BY FINANCE ACT, 2024: VIS-À-VIS THOSE PROPOSED IN FINANCE BILL, 2024 Published 01 Jul, 2024 07:01am The Federal Government presented Finance Bill, 2024 (‘FB’) in the National Assembly on June 12, 2024. After debate...
Valuation of immovable properties: FTO directs FBR to hire competent, experienced valuers Updated 23 Dec, 2023 07:42pm ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to hire competent and...
Foreign currency deals during 2021, 2022: FBR to impose 40pc additional tax on windfall profits of banks Published 22 Nov, 2023 05:48am ISLAMABAD: The Federal Board of Revenue (FBR) will shortly issue a statutory regulatory order (SRO) to impose 40...
Forex deals: Tax on windfall profits of banks likely Updated 15 Nov, 2023 09:49am ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall...
Tax experts explain how FBR implements orders issued by courts Updated 07 Nov, 2023 09:18am ISLAMABAD: Tax experts have alleged that the Federal Board of Revenue (FBR) implements court orders in favour of the...
Experts say super tax based on discrimination Updated 07 Oct, 2023 09:52am LAHORE: The imposition of super tax is hit by the principle of past and closed transaction, as no tax can...
Govt collects Rs75bn PL in July Updated 22 Aug, 2023 08:56am ISLAMABAD: The government collected Rs 75 billion in July 2023 on account of petroleum levy (PL), a key source of...
Super tax and tax on bonus: misinterpretation of basic accounting—I Published 05 Jul, 2023 06:00am In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures...
FBR urged to address errors, omissions thru finance bill Published 29 May, 2023 04:27am ISLAMABAD: Tax experts have urged the Federal Board of Revenue (FBR) to correct the errors and omissions of earlier...
