Experts term FBR’s three budgetary proposals impracticable ISLAMABAD: Tax experts have termed Federal Board of Revenue’s (FBR) three budgetary proposals impracticable... Published 14 Jun, 2021 03:39am
Business & Finance Dairy products: 17pc ST to have Rs5bn revenue impact ISLAMABAD: The imposition of 17 percent sales tax on the dairy products would have a revenue impact of over Rs 5... Published 14 Jun, 2021 03:39am
Print GST on sugar proposed to be levied on retail price basis ISLAMABAD: Sales tax on sugar is proposed to be levied on retail price basis by including it in the Third Schedule ... Published 13 Jun, 2021 03:56am
Print 17pc GST on sales via online marketplace ISLAMABAD: The sales of goods through an online marketplace have been subjected to 17 percent sales tax by... Published 12 Jun, 2021 05:04am
Print Around Rs506bn taxation measures unveiled ISLAMABAD: The government has taken measures of around Rs506 billion, including taxation measures of Rs264 billion... Published 12 Jun, 2021 05:04am
Print Businessmen term budget 'positive' and 'progressive' LAHORE: The Federation of Pakistan Chambers of Commerce and Industry's Businessmen Panel and the Pakistan Industrial... Published 12 Jun, 2021 05:04am
Print Cottage industry: Threshold for compulsorily registered persons raised to Rs10m ISLAMABAD: The federal government has enhanced the threshold for the compulsorily registered persons within cottage... Published 12 Jun, 2021 05:04am
Editorials The Budget EDITORIAL: Arguably, there exist two serious flaws in the Pakistan's economy that are primarily responsible for the... Published 12 Jun, 2021 05:04am
Business & Finance CUSTOMS ACT 1969 (a) Remove anomalies in cascading structure of tariff (b) Promote and protect domestic industry by introducing... Published 12 Jun, 2021 05:04am
Opinion We seem to have no understanding of what ails our taxation system — III Introduction This is the third part of a series of articles on the subject ‘We seem to have no understanding of... Published 11 Jun, 2021 03:41am
Print Economic Survey 2020-21: Tax exemptions, concessions cause massive govt loss ISLAMABAD: The total tax exemptions and concessions to various businesses, sectors/industries, lobbies/ groups and... Published 11 Jun, 2021 03:41am
Pakistan All pending refund cases: Field formations directed to speedily dispose of ISLAMABAD: To tackle deferred sales tax refund claims under the FASTER system, the Federal Board of Revenue (FBR) ... Published 10 Jun, 2021 03:22am
Print ST on two petroleum products reduced ISLAMABAD: The Federal Board of Revenue (FBR) has reduced sales tax on two petroleum products, effective from May ... Published 09 Jun, 2021 03:29am
Business KCCI urges govt to abolish FED on fruit juice KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has urged the government that the position prior to... Published 09 Jun, 2021 03:29am
Business FBR may introduce single sales tax return in next fiscal LAHORE: The Federal Board of Revenue (FBR) is likely to introduce a single sales tax return for the persons... Published 09 Jun, 2021 03:29am
BR Research RCET and Budget FY22 The upcoming budget should have some treats for the textile sector to further spur the growth momentum in textile... Published 08 Jun, 2021 07:40am
Print Export promotion scheme: FBR for allowing 30pc local sales ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to allow local sales of 30 percent of the finished... Published 07 Jun, 2021 03:34am
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 Sales tax on services: Punjab govt revises budget estimate to Rs141.2bn LAHORE: The Punjab government has revised the budget estimate for sales tax on services to Rs.141.2 billion. It is... Published 02 Jun, 2021 04:29am
Business & Finance PHMA submits budget proposals ISLAMABAD: Textile value added has proposed the revival of zero-rating regime for the five export-oriented sectors,... 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 & Finance FBR urged to extend ST, FE returns submission date KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) vice chairman and senior vice chairman... Published 29 May, 2021 03:59am
Business & Finance 79.9pc increase in sales tax collection from sugar ISLAMABAD: Sales tax (domestic/local stage) collection from sugar increased from Rs16.490 billion during first six... Published 29 May, 2021 03:59am
Business Services sector: Share of taxes hovered at 3.4 to 5pc over the last few years: FBR report ISLAMABAD: The share of sales tax collected from services sector was hovering around 3.4 percent to 5.0 percent... Published 28 May, 2021 04:08am
Business Sales tax integration: FBR study seeks necessary constitutional amendments ISLAMABAD: A study of the Federal Board of Revenue (FBR) on sales tax integration suggested necessary constitutional... Published 28 May, 2021 04:08am
Print Sales tax remains top revenue contributor in July-Dec ISLAMABAD: The sales tax remained top revenue contributor with 41.5 percent share in the total tax collection of the... Published 27 May, 2021 03:40am
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
Pakistan Oxygen cylinders: Customs duty, GST exempted for 180 days ISLAMABAD: The Federal Board of Revenue (FBR) has exempted customs duty and sales tax for 180 days on the import of... Published 26 May, 2021 03:45am
Pakistan Proposals for Budget FY2021-22: Body comprises representatives of PBC, OICCI, FBR ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has constituted a Consultative Committee ... Published 25 May, 2021 04:40am
Business KCCI suggests ST withdrawal on medical devices KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has suggested that the Sales Tax on medical devices... Published 25 May, 2021 04:40am