Bringing traders into the tax net EDITORIAL: Successive governments in Pakistan have tried and failed to bring the country’s traders and retailers... Updated 27 Mar, 2024 05:07am
Business & Finance FBR notice issued within 6 years: ‘Taxpayer bound to maintain tax record till...’ ISLAMABAD: Federal Tax Ombudsman (FTO) Friday declared that once Federal Board of Revenue’s (FBR) notice is issued... Published 16 Mar, 2024 06:26am
Pakistan IHC’s restrictions impeding tax recovery efforts in Islamabad? KARACHI: The field formations of the Federal Board of Revenue (FBR) are facing difficulties in executing tax ... Published 15 Feb, 2024 05:39am
Business & Finance Industrial undertakings: Minimum tax payable despite exemption under Economic Reforms Act LAHORE: Minimum tax is payable by the industrial undertakings despite enjoying exemption under the Economic Reforms... Published 24 Jan, 2024 05:07am
Business & Finance FATA residents fail to avail WHT exemption deduction by NSC LAHORE: Residents of the erstwhile Federally Administered Tribal Areas (FATA) have failed to avail exemption from... Published 07 Jan, 2024 02:43am
Opinion Is Super Tax payable on dividend? Introduction, 1- This note has been prepared to dispel the incorrect perception that Super Tax under Section (4C) of... Updated 03 Jan, 2024 06:07am
Business & Finance ‘Powers of commissioners being used by DCs neither gazetted nor displayed on FBR website’ LAHORE: The Deputy Commissioners in some field formations are using the powers of Commissioners Inland Revenue for... Published 22 Dec, 2023 05:22am
Print Rs940bn target for Dec: FBR chief starts meetings to review progress KARACHI: The Federal Board of Revenue (FBR) is likely to struggle hitting its revenue target of Rs. 940 billion for... Updated 13 Dec, 2023 08:50am
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 Non-filers: DTOs authorised to disconnect utility connections ISLAMABAD: The government on Friday established 145 District Tax Offices (DTOs) across the country for bringing 1.5... Updated 18 Nov, 2023 08:48pm
Business & Finance Money laundering: ‘Taxpayers prefer to challenge jurisdiction of income tax department’ LAHORE: Taxpayers involved in money laundering prefer to challenge the jurisdiction of the income tax department... Published 14 Oct, 2023 05:32am
Print FBR to field DTOs to identify new taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across... Updated 09 Oct, 2023 09:44am
Print Immovable properties: FBR issues guidelines for taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) on Friday issued detailed guidelines for taxpayers to pay tax on... Updated 16 Sep, 2023 03:59pm
Business & Finance Section 7E of Income Tax Ord: IR Commissioners told to issue exemptions in 1-2 days: FBR chief ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana Wednesday said the FBR has directed... Updated 10 Aug, 2023 06:56am
Business & Finance Non-resident applicants: IRIS to automatically process, issue exemption certificates ISLAMABAD: The Federal Board of Revenue’s electronic system (IRIS) will automatically process and issue exemption... Published 07 Jul, 2023 05:24am
Print Tax expenditures constitute 36.43pc of FBR tax collection? ISLAMABAD: The tax expenditures remained 36.43 percent of the total Federal Board of Revenue (FBR) tax collection in... Updated 12 Jun, 2023 08:43am
Business & Finance NOTES ON CLAUSES Clause 3(1)? Seeks to amend section 2 (s) to enable Pakistan Customs ... Published 10 Jun, 2023 05:01am
Print Supply of Thar coal to industry: Tax amendments on the cards ISLAMABAD: Prime Minister Office (PMO) has directed Federal Board of Revenue (FBR) to alter/ amend Income Tax... Updated 17 Apr, 2023 08:48am
Business & Finance Exchange fluctuations: Foreign firms’ subsidiaries not allowed to cut income LAHORE: Tax authorities are not allowing subsidiaries of foreign companies to deduct the loss on income from ... Published 09 Mar, 2023 06:23am
Print High-income earners directed to pay 50pc of super tax liability ISLAMABAD: The Supreme Court Monday directed high-income earners to pay 50 percent of the due liability with regard... Updated 07 Feb, 2023 08:39am
Business & Finance FTO asks FBR to withdraw notices against deceased taxpayer ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to withdraw notices of... Updated 07 Jan, 2023 11:10am
Print Notice issued to Shabbar withdrawn on FTO’s order ISLAMABAD: The timely intervention of the Federal Tax Ombudsman (FTO) has resulted in the withdrawal of an illegal... Updated 30 Dec, 2022 08:42am
Business & Finance FTO says lease agreements are different from toll tax ISLAMABAD: Federal Tax Ombudsman (FTO) has categorically ruled that all lease agreements are not similar to toll tax... Published 27 Oct, 2022 05:54am
Pakistan Sec 175 of ITO: FBR’s DI&I has legal jurisdiction to issue notices: IHC ISLAMABAD: The Islamabad High Court (IHC) on Tuesday held that the Directorate of Intelligence & Investigation ... Published 26 Oct, 2022 05:52am
Print Notices issued by FBR’s Directorate I&I set aside by court ISLAMABAD: The Lahore High Court (LHC) has observed that the business community has agitated that the Directorate of... Updated 11 Sep, 2022 10:52am
Opinion Determining an individual’s residency status: some taxation anomalies The Finance Act, 2022 has virtually decided that a Pakistani citizen can be taxed in Pakistan even if he never comes... Published 24 Aug, 2022 05:08am
Business & Finance Inordinate delays in dispute resolution impair overall tax governance: SC ISLAMABAD: The Supreme Court held and declared that Rule 22(1) of Appellate Tribunal Inland Revenue Rules, 2010 to... Published 07 Aug, 2022 05:44am
Business & Finance Broadening tax base: FBR negligence tantamount to misrule: FTO Investigation concludes field formations are not vigilant in procuring information related to unregistered buyers of sugar Updated 30 Jul, 2022 11:59am
Business & Finance Tax incentives granted to film industry by FBR ISLAMABAD: The Federal Board of Revenue (FBR) has granted a number of tax incentives to the film industry from July... Published 27 Jul, 2022 05:23am
Business & Finance Immovable property deals: Boards of revenue told to collect enhanced WHT under Sec 236C New rates of advance tax on sale/transfer and purchase of immovable properties will be applicable from July 1, 2022 Updated 26 Jul, 2022 11:59am
