Pensioners, senior citizens, Shuhada’s families: FBR urged to address issue of reduction in income tax liability ISLAMABAD: The Federal Board of Revenue (FBR) Policy Wing should immediately address an issue of reduction in income... Updated 17 Jul, 2023 09:37am
Print CCP urges SBP to enable SMEs to avail lower interest rates ISLAMABAD: The Competition Commission of Pakistan (CCP) has asked the State Bank of Pakistan (SBP) to make it easier... Updated 16 Jul, 2023 09:21am
Pakistan ‘National Freelancing Policy’ drafted ISLAMABAD: The Ministry of Information Technology and Telecommunication has drafted “National Freelancing... Published 14 Jul, 2023 06:23am
Opinion Retrospective tax on windfall income discourages corporatization—II Whereas, if we compare the Indian windfall tax/duty to the Pakistani windfall tax, it is clear that Section 99D is... Published 10 Jul, 2023 06:52am
Print FBR issues tax expenditure report-2023: More exemptions, concessions given during 2021-22 ISLAMABAD: The Federal Board of Revenue (FBR) has given more sales tax exemptions, zero-rating and concessions to... Updated 08 Jul, 2023 09:02am
Business & Finance PALSP criticises ‘dual tax system’ ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised strong concerns over ‘unfair and... Published 06 Jul, 2023 05:42am
Print Shares transactions of listed cos: Procedure of capital gain on disposal of securities to remain applicable ISLAMABAD: The procedure of capital gain on disposal of securities will remain applicable on transactions of shares... Updated 29 Jun, 2023 03:25pm
Print Number of income tax return filers crosses 4m mark ISLAMABAD: The latest number of income tax return filers as per the Active Taxpayers List (ATL) now stands at over 4... Updated 29 Jun, 2023 03:24pm
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II SALES TAX INCREASE IN RATE OF FURTHER TAX Published 29 Jun, 2023 04:19am
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–I The Federal Government presented Finance Bill, 2023(‘FB’) in the National Assembly on June 9, 2023. After the... Published 28 Jun, 2023 06:31am
Print FBR issues increased income tax slabs for salaried class ISLAMABAD: The new income tax slabs for the salaried class under the amended Finance Bill 2023 revealed that higher... Updated 26 Jun, 2023 09:17am
World Biden’s son Hunter reaches plea deal on gun, tax charges WASHINGTON: US President Joe Biden’s son Hunter has agreed to plead guilty to two counts of failure to pay federal... Published 21 Jun, 2023 05:21am
World India government direct tax collections rise 11% in April-June NEW DELHI: The Indian government said on Sunday that its net direct tax receipts rose 11% year-on-year to 3.80... Published 18 Jun, 2023 08:16pm
Business & Finance Telecom operators demand relief in taxes, duties ISLAMABAD: Telecom operators have demanded a reduction in advance income tax, federal excise duty on telecom... Published 17 Jun, 2023 06:13am
Business & Finance ‘Telecom sector faces challenges of dollarised cost structure’ ISLAMABAD: Telecom sector has warned perverse policy of pegging spectrum fees to the dollar pushing the country into... Published 17 Jun, 2023 06:13am
Business & Finance Govt accused of giving boost to undocumented retail sector thru budget LAHORE: The budget 2023-24 has given more relaxation to the undocumented and unregistered retail sector and... Published 16 Jun, 2023 06:27am
Business & Finance FBR proposes changes in tax laws to check profit shifting by MNCs ISLAMABAD: The Federal Board of Revenue (FBR) has proposed changes in tax laws to check the “profit shifting” by... Published 13 Jun, 2023 06:00am
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
Print Sugar import: Cut in tax rates amongst reasons behind huge income tax exemptions cost ISLAMABAD: The reduction in tax rates including withholding tax on the import of sugar is one of the reasons for... Updated 12 Jun, 2023 08:43am
Business & Finance Comments on FY2023-24 Budget The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed... Updated 12 Jun, 2023 06:46am
Business & Finance REITs schemes: Tax exemption extended up to 30th ISLAMABAD: The income tax exemption available to Real Estate Investment Trusts (REITs) schemes has been extended up... Published 11 Jun, 2023 03:55am
Print SALIENT FEATURES GUIDING PRINCIPLES: No increase of duties on import of essential items Trade facilitation and ease of doing... Published 10 Jun, 2023 05:01am
Business & Finance NOTES ON CLAUSES Clause 3(1)? Seeks to amend section 2 (s) to enable Pakistan Customs ... Published 10 Jun, 2023 05:01am
Business & Finance ‘WHT levy based on invoice price’ PAMA voices its concern over budget proposal KARACHI: Local auto assemblers have expressed concerns over a budget proposal for the fiscal year 2023-24, which... Published 03 Jun, 2023 03:52am
Business & Finance Failure to bring in forex proceeds within stipulated time: TMA rejects RRMC’s tax imposition proposal KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan has expressed deep... Published 02 Jun, 2023 03:56am
Opinion Tax on undistributed reserves This is not the first time that there is a proposal to tax undistributed reserves of a company. Such imposition has... Published 01 Jun, 2023 03:34am
Opinion Tax on undistributed reserves is ultra vires–II It is about time our legislators understood that even a wrong decision of the Supreme Court of Pakistan in the ... Published 31 May, 2023 03:57am
Print KE seeks amendments to tax laws ISLAMABAD: K-Electric (KE) has sought amendments in tax laws including income tax, minimum turnover, payment of... Updated 30 May, 2023 09:22am
Print Builders, developers: Govt may extend tax incentives ISLAMABAD: The government is likely to give tax incentives to builders and developers in the budget (2023-24) to... Updated 30 May, 2023 09:25am
Business & Finance SME sector: SMEDA, CCP join hands to create conducive policy environment LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) and Competition Commission of Pakistan (CCP)... Published 30 May, 2023 03:37am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?