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...
SIFC to take up critical energy sector issues today Updated 11 Dec, 2024 03:11pm ISLAMABAD: The Special Investment Facilitation Council (SIFC) will take up critical issues in meeting scheduled to...
Tax burdens and fiscal discipline Published 04 Sep, 2024 07:06am After an inflation-ridden Fiscal Year 2023-24 (“FY24”), wherein the average inflation for the FY24 was 23.4%,...
Traders’ opposition to Tajir Dost Scheme Published 30 Aug, 2024 06:52am EDITORIAL: Traders’ opposition to registration and payment of advance tax based on the location of their business,...
Over 58,000 traders registered against 3.2m target Updated 13 Aug, 2024 11:41am Monthly tax payments from traders to start from this month
Govt required to take belt-tightening steps Updated 07 Aug, 2024 06:15am EDITORIAL: The government is to begin a legislative process this month designed to initiate implementation of...
Thoughts on the provincial budgets Updated 15 Jul, 2024 08:14am Khyber Pakhtunkhwa (KPK) budget was announced on 25 May, two and a half weeks before the federal budget was ...
Finance Act 2024: FBR SROs to cause business closures: LCCI Published 06 Jul, 2024 06:48am LAHORE: The Lahore Chamber of Commerce and Industry has urged the government to address the concerns of business...
Petroleum Levy: What is the plan? Published 02 Jul, 2024 08:06am Contrary to expectations, built no less by the government in the Budget, petroleum prices for the first fortnight of...
‘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...
President gives his assent to Finance Bill 2024 Published 01 Jul, 2024 07:01am ISLAMABAD: President Asif Ali Zardari has accorded his approval to Finance Bill 2024 on the advice of the Prime...
Petrol price hiked by Rs7.45, diesel’s by Rs9.56 Published 01 Jul, 2024 07:01am ISLAMABAD: The federal government on Sunday announced a substantial raise in ex-depot rates of all petroleum ...
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...
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
President Zardari gives assent to Finance Bill Updated 30 Jun, 2024 10:28pm The Finance Bill will take effect on July 1, 2024, according to a press release from the President's Secretariat
Transfer of appeals to ATIR: December 31, 2024 is the deadline Published 30 Jun, 2024 02:58am ISLAMABAD: The Federal Board of Revenue (FBR) has extended time period up to December 31, 2024 for transfer of the...
Tax rebate restored Updated 30 Jun, 2024 11:32am ISLAMABAD: The amended Finance Bill 2024 has restored 25 percent tax rebate available to the full-time teachers or...
New levy: Taxable profits of builders, developers fixed Updated 29 Jun, 2024 02:14pm ISLAMABAD: The Federal Board of Revenue (FBR) has fixed minimum profits of builders and developers for collecting a...
Tax fraudsters to face jail Updated 29 Jun, 2024 02:21pm ISLAMABAD: Persons involved in tax frauds would face imprisonment up to five years (tax evaded amount less than Rs 1...
Additional taxation steps taken thru amendments to Finance Bill Updated 29 Jun, 2024 07:43pm Surcharge shall be payable by every individual and association of persons at the rate of 10 percent of the income tax imposed under Division-I of Part-I of the First Schedule where the taxable income exceeds Rs10 million
Budget approved by NA ahead of fresh IMF loan Updated 29 Jun, 2024 02:13pm The approved budget includes several amendments from the original proposal presented on June 12
FBR to set up ‘tax fraud probe wing’ Published 29 Jun, 2024 06:40am ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish a Tax Fraud Investigation Wing-Inland Revenue...
Petrol, HSD and HOBC: Govt amends raise in PL to Rs70 against Rs60 limit Updated 29 Jun, 2024 03:00pm ISLAMABAD: The federal government has amended the increase in petroleum levy to Rs70 per litre on petrol and...
Govt passes tax-laden budget ahead of talks on fresh IMF loan Updated 28 Jun, 2024 11:57pm Some amendments part of the final budget
Governor gives assent to Punjab Finance Bill 2024 Published 28 Jun, 2024 05:41am LAHORE: Punjab Governor, Sardar Saleem Haider Khan Thursday assents the Punjab Finance Bill 2024. After the approval...
OICCI says has identified ‘critical anomalies’ Updated 28 Jun, 2024 09:16am KARACHI: In a letter to the FBR Anomaly Committee, the Overseas Investors Chamber of Commerce and Industry (OICCI)...
IT industry: Higher taxation to give big boost to brain drain: FPCCI Published 28 Jun, 2024 05:41am KARACHI: Atif Iqbal Sheikh, President FPCCI, has raise concerns over the recently announced federal budget 2024–25...
Likely amendments in finance bill: Govt becomes flexible about non-filers Updated 28 Jun, 2024 09:54am Proposed amendments relate to non-filers, wealth statement, foreign assets, and withholding tax-related provisions
NA may approve budget today Updated 28 Jun, 2024 09:17am ISLAMABAD: The National Assembly Friday (June 28) is likely to approve Budget-2024-25 including The Finance Bill,...