Forex accounts attached to recover dues: IR dept accused of deviating from statutory provisions ISLAMABAD: In an apparent move to achieve budgetary targets, the Inland Revenue Department has been accused of... Published 30 Apr, 2021 05:06am
Print No GST chargeable on auction for serviceable old cars: FBR ISLAMABAD: To avoid practice of double payment of sales tax on vehicles auction, the Federal Board of Revenue (FBR)... Updated 30 Apr, 2021 09:28am
Pakistan Huge quantity of smuggled cigarettes seized KARACHI: Regional Tax Office (RTO), Sukkar on Wednesday claimed to have seized substantial quantity of smuggled and... Updated 29 Apr, 2021 10:08am
Business During 2020: Taxpayers file 3,332 complaints with FTO against FBR ISLAMABAD: Taxpayers have filed record number of 3,332 complaints with the Federal Tax Ombudsman (FTO) against the... Published 28 Apr, 2021 03:18am
Business Karachi DGCV fixes value on import of wheel rims ISLAMABAD: Directorate General of Customs Valuation, Karachi has fixed the customs values on the import of wheel ... Published 27 Apr, 2021 03:02am
Print AGP lists serious issues in payment of refunds ISLAMABAD: The Auditor General of Pakistan (AGP) has declared that the slack monitoring, absence of post-refund... Published 25 Apr, 2021 03:13am
Business & Finance PISMA demands 20pc uniform GST rate for flat products KARACHI: Steel merchants have demanded a uniform 20 percent sales tax for iron & steel products (Flat Products)... Updated 22 Apr, 2021 09:46am
Pakistan Cabinet told: Two-pronged approach to be adopted to deal with tax system ISLAMABAD: The federal cabinet has been informed that a two-pronged approach will be adopted to deal with the narrow... Updated 16 Apr, 2021 09:56am
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
Opinion Actions should suit resources We are back into the IMF’s 3-year $6 billion Extended Fund Facility (EFF) arrangement having received a $500... Published 14 Apr, 2021 03:21am
Print Foreign investors promised tax relief, incentives in FY22 budget ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday assured top foreign investors maximum tax relief and ... Updated 14 Apr, 2021 10:10am
Markets Cotton yarn crisis: Textile exporters demand judicial inquiry KARACHI: The textile exporters on Monday demanded enquiry under judicial commission to probe and unearth the cotton... Published 13 Apr, 2021 04:31am
Business SMEDA suggests simplification of tax procedures LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) in its budget proposals for 2021-22 has... Published 13 Apr, 2021 04:31am
Print Govt plans to rationalise duties, taxes on food items ISLAMABAD: The government is planning to rationalise duties and taxes on essential food items, reduction in sales ... Updated 13 Apr, 2021 09:30am
Business & Finance LCCI forwards budget proposals to govt departments LAHORE: Feedback from the private sector plays a fundamental role in formulating appropriate policies for the trade,... Updated 13 Apr, 2021 09:29am
Print Simplified taxation, accelerated economic growth: FPCCI waiting for implementation of PM’s instructions ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is waiting for implementation of... Published 12 Apr, 2021 03:59am
Business & Finance UBG proposes 40 growth-oriented budget proposals LAHORE: United Business Group (UBG) on Friday sent a set of 40 growth oriented proposals for the upcoming federal... Published 10 Apr, 2021 04:34am
Business & Finance FBR, PRA sign MoU on Single Portal/ Sales Tax Return SAPM on Revenue further added that now persons associated with businesses would only have to file one Sales Tax Return instead of many returns. He further said that this step would help bring simplification in the tax system and procedure. Published 08 Apr, 2021 10:27am
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
Business & Finance KP govt, SBP, 1-Link sign agreement to collect taxes through ADCs PESHAWAR: To facilitate taxpayers and further simplify tax payment procedure, the Khyber Pakhtunkhwa government,... Updated 08 Apr, 2021 09:06am
Pakistan Clarification LAHORE: Tandlianwala Sugar Mills Limited (TSML) strongly refutes the news in the media that the company was in any... Published 07 Apr, 2021 03:48am
Print Import of palm oil, palm olein: ECC delays decision on duty exemption proposal ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reportedly delayed its decision on a ... Published 07 Apr, 2021 03:48am
Business & Finance Fake/flying invoices: Steel sector submits plan to FBR ISLAMABAD: The documented steel sector (large steel producers) has offered the Federal Board of Revenue (FBR) to ... Updated 07 Apr, 2021 09:50am
Pakistan KP govt, State Bank-OneLink signed MoU to enable people to pay sales tax Online: Taimur He said, two-day transport in inter-cities and local, 50% attendance in offices and other measures were showing positive results. Published 06 Apr, 2021 06:19pm
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
Print PSMA seeks exemption of ST on local supplies ISLAMABAD: The government will not charge 17 percent sales tax on the import of sugar, including the import of 0.5... Published 01 Apr, 2021 04:10am
Business 10pc reduced rate of ST on LPG to continue ISLAMABAD: The government would continue to charge 10 percent reduced rate of sales tax on the Liquefied Petroleum... Published 31 Mar, 2021 05:42am
Business METRO Pakistan integrates its POS with FBR’s system KARACHI: METRO Pakistan in collaboration with the Federal Bureau of Revenue (FBR) has completed integration of all... Published 25 Mar, 2021 05:08am
Print Withdrawal of 76 corporate IT exemptions: Ordinance to be promulgated anytime soon ISLAMABAD: The government is all set to promulgate the Tax Laws (Second Amendment) Ordinance, 2021 to withdraw 76... Updated 20 Mar, 2021 10:24am
Pakistan Centre failed to achieve revenue targets, says CM KARACHI: Under the constitution, the provinces have assigned the task of tax collection to the federal government ... Updated 19 Mar, 2021 09:34am