FBR ‘revamp plan’: Will caretakers be able to deal with legislative issues? ISLAMABAD: The proposed Customs Oversight Board and Inland Revenue Oversight Board each would comprise 10 members... Updated 15 Jan, 2024 09:53am
Print Documentation of economy: Promulgation of crucial ordinance delayed ISLAMABAD: The caretaker government has delayed the promulgation of an Ordinance for the integration of data of all... Updated 07 Oct, 2023 05:40pm
Print Tax on immovable properties: FBR urged to give taxpayers online declaration option ISLAMABAD: The Federal Board of Revenue (FBR) should introduce an option for the taxpayers in the online declaration... Updated 24 Jul, 2023 09:29am
Print Cash withdrawal: Non-filers to pay 0.6pc advance tax KARACHI: The federal government has proposed 0.6 percent advance tax on cash withdrawal for non-filers to bring more... Published 10 Jun, 2023 04:37am
Business & Finance RRMC chief advocates major surgery in taxation system ISLAMABAD: State Minister and Chairman of Reforms and Resource Mobilisation Commission (RRMC), Ashfaq Tola, said... Published 08 Jun, 2023 06:30am
Print Inter-company dividends: Govt may provide relief from multiple taxation ISLAMABAD: The government is likely to provide relief from multiple taxes on inter-company dividends in the coming... Updated 06 Jun, 2023 08:45am
Print Advance tax on cos’ reserves: RRMC’s proposal dropped on corporate sector’s deep concerns ISLAMABAD: The government has dropped a major taxation proposal of imposing an advance tax on companies’ reserves... Updated 04 Jun, 2023 12:43pm
Opinion IMF, Constitution & tax codes “The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its... Published 02 Jun, 2023 03:56am
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
Print Tax suggested on exporters not bringing forex within specified period of time ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to... Updated 01 Jun, 2023 08:53am
Business & Finance Textile exporters term RRMC’s report ‘anti-export’ drive KARACHI: The value-added textile exporters have rejected the Reforms & Revenue Mobilization Commission’s... Published 01 Jun, 2023 03:34am
Print Budget FY23-24: FBR working out new scheme aimed at retailers’ documentation ISLAMABAD: The Federal Board of Revenue (FBR) is working out a new scheme for the documentation of small retailers... Updated 01 Jun, 2023 08:54am
Markets Market says likelihood of tax on companies’ reserves getting green signal ‘low’ Market experts on Wednesday said the likelihood of the government imposing a tax on undistributed profits – reserves... Published 31 May, 2023 06:31pm
Print Filing of wealth statement: RRMC urges MoF to abolish requirement ISLAMABAD: The Reforms and Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to abolish... Updated 31 May, 2023 09:01am
Print Levies under FTR on exports: Higher tax rate on dividend recommended ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended a higher rate of tax on... Updated 31 May, 2023 08:55am
Business & Finance Import shipments: RRMC underscores need for amendments in Customs laws ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended amendments in Customs... Published 31 May, 2023 03:56am
Markets Companies scramble for emergency meetings amid reports of proposal to tax reserves Reports of the Reform and Revenue Mobilisation Commission’s (RRMC) proposal to tax accumulated reserves of companies... Published 30 May, 2023 06:14pm
Print Benami assets: FBR may be empowered to invoke Sec 111 of IT Ord ISLAMABAD: The government is likely to empower the Federal Board of Revenue (FBR) to invoke Section 111 (unexplained... Updated 30 May, 2023 09:27am
Opinion The slow poisoning of economy? Some of the budget proposals circulating in the media — especially those recommended by the reforms and revenue... Updated 29 May, 2023 12:15pm
Print Accumulated profits: Proposed advance tax may be challenged in courts ISLAMABAD: The advance tax on companies’ accumulated profits proposed by the Reform and Revenue Mobilisation... Updated 29 May, 2023 09:04am
Print Business bank account opening: RRMC for making NTN mandatory ISLAMABAD: The Reforms & Revenue Mobilisation Commission (RRMC) has recommended that the National Tax Number... Updated 28 May, 2023 10:00am
Print Income tax: Govt likely to introduce e-assessment scheme ISLAMABAD: The government is likely to introduce an electronic-assessment scheme in the budget (2023-24) to conduct... Updated 28 May, 2023 09:58am
Business & Finance Goods/passenger transport vehicles: RRMC recommends one-time/ transactional advance tax ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended a one-time/transactional advance... Published 27 May, 2023 06:09am
Print RRMC advocates extending income tax exemption to REITs ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the government to extend the... Updated 27 May, 2023 08:54am
Print FY24 budget: RRMC recommends cashless purchases at petrol pumps ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended that petrol stations across the... Updated 26 May, 2023 12:53pm
Business & Finance Tax base boost task: RRMC recommends deployment of at least 30pc of FBR workforce ISLAMABAD: The Reforms and Revenue Mobilisation Commission (RRMC) has strongly recommended the Federal Board of... Published 26 May, 2023 06:48am
Print Wholesale, retail sectors: Govt considering ending multiple withholding taxes ISLAMABAD: The government is considering a recommendation of the Reforms & Revenue Mobilization Commission... Updated 25 May, 2023 08:50am
Print Non-corporate businesses: RRMC suggests hike in tax rates ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended an increase in tax ... Updated 25 May, 2023 08:53am
Print Govt likely to shift exporters from FTR to MTR scheme ISLAMABAD: The government is likely to shift the exporters from the Final Tax Regime (FTR) to the Minimum Tax Regime... Updated 25 May, 2023 08:49am
Business & Finance RRMC floats budget proposals ISLAMABAD: Reforms and Resource Mobilization Commission (RRMC) has recommended the withdrawal of the quarterly... Published 16 May, 2023 03:23am
