Budget described as ‘hope for all tiers of society’ ISLAMABAD: While terming the budget for the next fiscal year as hope for all the tiers of society, Finance Minister... Updated 26 Jun, 2021 01:11pm
Pakistan Salaried employees: Income tax exemption being restored on medical reimbursement ISLAMABAD: The government has decided to restore income tax exemption on the medical allowances/reimbursement... Updated 25 Jun, 2021 12:23pm
Opinion Towards an end to tax harassment On the basis of my thirty years of tax practice I can assure you that the abuse of the under-mentioned three lines... Published 22 Jun, 2021 04:46am
Business Flour mills’ turnover: Govt urged to withdraw 400pc hike in tax rate ISLAMABAD: The business community Saturday asked the government to withdraw 400 percent hike in the income tax rate... Published 20 Jun, 2021 03:39am
Print Concealment of income tax: IR officers’ powers to arrest any person withdrawn ISLAMABAD: The government has taken the final decision to delete all income tax provisions from the Finance Bill,... Published 19 Jun, 2021 03:23am
Opinion Salaried class and tax brutality The proposed taxation of salary income on gross basis, for the first time in Subcontinent since the introduction of... Published 18 Jun, 2021 04:16am
Pakistan Tax on salaried class: Bilawal rejects IMF's demand ISLAMABAD: Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari has rejected the International Monetary ... Published 16 Jun, 2021 03:40am
Business & Finance FBR empowered to design, prescribe e-hearing module KARACHI: The Federal Board of Revenue (FBR) has been empowered through the Federal Budget 2021-22 to design and... Published 16 Jun, 2021 03:39am
Business & Finance Tax year 2021: FBR issues draft electronic return forms ISLAMABAD: The Federal Board of Revenue (FBR) has issued draft electronic return forms for salaried persons,... Published 13 Jun, 2021 03:56am
Pakistan Govt may fix Rs5,800bn as collection target for 2021-22 ISLAMABAD: The government may fix Rs 5800 billion as revenue collection target for the Federal Board of Revenue ... Published 03 Jun, 2021 04:13am
Business & Finance Income tax returns for 2020 reach 2.93m ISLAMABAD: The income tax returns for tax year 2020 have reached 2.93 million against 2.63 million in tax year 2019,... Published 02 Jun, 2021 04:29am
Print Buying houses, sourcing cos: Govt likely to announce incentives ISLAMABAD: The government is likely to announce incentives for buying houses, sourcing companies or liaison offices... Published 01 Jun, 2021 04:59am
Print FPCCI submits budget proposals to FBR chief ISLAMABAD: The Pakistan Chamber of Commerce and Industry (FPCCI), Friday, submitted a set of proposals to the ... Published 29 May, 2021 03:59am
Business Panel advocates: FBR directs field formations to clear payment of bills ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday directed the field formations to immediately clear payment ... Published 27 May, 2021 03:40am
Print SEZs: BoI seeks minimum turnover tax exemption ISLAMABAD: The Board of Investment (BoI) has sought exemption from minimum turnover tax in SEZs as Chinese and other... Published 19 May, 2021 06:00am
Markets Japan Q1 GDP shrinks 1.3%, hit by virus restrictions The quarter-on-quarter fall came after the world's third-largest economy expanded for two quarters to December. Published 18 May, 2021 10:04am
Business & Finance Biden releases tax return, restoring tradition Trump broke Emhoff was a high-profile entertainment industry lawyer and took a leave of absence from his firm when Harris was named Biden's running mate. Published 18 May, 2021 09:47am
Pakistan ICMAP submits pre-budget recommendations KARACHI: Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) has submitted its pre-budget... Updated 11 May, 2021 10:16am
World Irish 2021 tax take 1.4pc ahead of expectations at end-April That helped the treasury collect 0.4% more income tax than expected by the end of April while VAT receipts came in 1.5% ahead of forecast. Excise duties on products such as alcohol, tobacco and energy beat the department's expectations by 2.7%. Published 05 May, 2021 08:27pm
Business & Finance Telecom sector proposes abolishment of WHT ISLAMABAD: Aimed at making the internet and data services affordable to low-income groups, the telecom sector has... Published 05 May, 2021 04:01am
Print 41.39pc annual share: Karachi remains top contributor to tax collection ISLAMABAD: Karachi remained the highest contributor to income tax collection having an annual share of 41.39 percent... Updated 28 Apr, 2021 10:09am
Print Tobacco company: IHC maintains orders issued by ATIR, Commissioner (Appeals) ISLAMABAD: Islamabad High Court (IHC) has maintained the orders issued by the Income Tax Appellate Tribunal (ATIR)... Published 18 Apr, 2021 03:09am
Print Personal income tax: FBR trying to reduce number of slabs to 5 ISLAMABAD: The Federal Board of Revenue (FBR) is working on different options to bring down the number of personal... Published 16 Apr, 2021 03:40am
Business & Finance Income tax returns increase 8pc for tax year 2020 LAHORE: Income tax returns for tax year 2020 have reached 2.8 million compared to 2.6 million last year, showing an... Updated 14 Apr, 2021 10:11am
Opinion Erstwhile FATA/PATA: Tax issues — II The FBR has recently issued the following circulars in respect of streamlining the exemptions available in the... Published 10 Apr, 2021 04:35am
Markets Scrap import: PSRMA suggests steps to curb misdeclaration KARACHI: Pakistan Steel Re-Rolling Mills’ Association (PSRMA) has proposed destuffing and examination of each and... Published 08 Apr, 2021 04:10am
Print July-March (2020-21): FBR witnesses 10pc growth in collection ISLAMABAD: The Federal Board of Revenue (FBR) has witnessed 10 percent growth in revenue collection during ... Published 03 Apr, 2021 03:41am
Opinion Simplification of taxes for growth — III In this concluding part, we are highlighting various proposals already given to the government of Pakistan... Published 02 Apr, 2021 04:58am
Business FBR urged to lower duty on import of motorcycle spare parts KARACHI: Chairman of the All Pakistan Motorcycle Spare Parts Importers and Dealers Association, Khalid Waheed has... Published 30 Mar, 2021 05:45am
Business OICCI for reviewing decision on withdrawal of exemptions ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to review the... Published 26 Mar, 2021 05:22am