‘Notices to deceased persons’: PTBA urges FBR to upgrade its system ISLAMABAD: Pakistan Tax Bar Association of Pakistan (PTBA) has asked Federal Board of Revenue (FBR) to upgrade its... Published 28 Dec, 2023 04:52am
Editorials ‘Progress moderately satisfactory’ EDITORIAL: The World Bank has evaluated the ‘Pakistan Raises Revenue project’ as moderately satisfactory. Three... Published 27 Dec, 2023 05:15am
Opinion Claim of input tax under Sales Tax Act, 1990 General, The Federal Board of Revenue (FBR) has proposed a fundamental change in the Federal Sales Tax system which... Updated 19 Dec, 2023 05:41am
Print Q1 GST collection by Sindh govt up 43pc to Rs48.298bn YoY ISLAMABAD: Sales tax on services (GST) collection by the Sindh government rose to Rs48.298 billion during the first... Updated 17 Dec, 2023 07:30pm
Business & Finance GST-registered persons: FBR body to evaluate applications for licenses ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee to evaluate applications for grant of... Published 15 Dec, 2023 03:12am
Editorials Monetary policy blues EDITORIAL: The Monetary Policy Committee (MPC) in its meeting of 12 December 2023 kept the discount rate unchanged... Published 14 Dec, 2023 05:24am
Pakistan SRB seals two outlets of burger restaurant chain KARACHI: Sindh Revenue Board (SRB) officials sealed two outlets of popular burger restaurant chain Burger O’clock... Published 13 Dec, 2023 05:33am
Business & Finance Fast-moving consumer goods: FBR issues SRO ISLAMABAD: The Federal Board of Revenue (FBR) has directed all importers, manufacturers, wholesalers/ dealers/... Published 13 Dec, 2023 05:33am
Business & Finance Provincial revenue authorities’ approach to sales tax on services comes under criticism LAHORE: Provincial revenue authorities are considering salaries as part of service to charge sales tax on services... Published 12 Dec, 2023 05:28am
Print Q1: Provinces’ budget surplus dips 76pc YoY ISLAMABAD: The provinces have generated a budget surplus of Rs51.403 billion in the first quarter of the ongoing... Updated 09 Dec, 2023 04:34pm
Business & Finance Multinational companies: FBR decides to implement e-ST integration system ISLAMABAD: The Federal Board of Revenue (FBR) has decided to implement an electronic sales tax (e-ST) integration... Published 09 Dec, 2023 05:46am
Business & Finance Computerised system: FBR asks integrated suppliers to declare all outlets ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for the integrated suppliers to declare all ... Published 08 Dec, 2023 05:20am
Business & Finance Faulty procedure of issuing show-cause notice: Sales tax dept misses tax collection opportunity LAHORE: The sales tax department missed the opportunity for tax collection because of a faulty procedure of issuing ... Published 07 Dec, 2023 04:35am
Print Only photovoltaic cells exempted from sales tax: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the exemption of sales tax previously available on... Updated 02 Dec, 2023 03:33pm
Business & Finance Exporter succeeds in obtaining input tax against alleged fake/flying invoices LAHORE: A silk manufacturer cum exporter has succeeded in obtaining input tax against the alleged fake/flying... Published 01 Dec, 2023 04:43am
Business & Finance FBR pays refunds/customs rebates of Rs335.6bn in 2022-23 ISLAMABAD: The Federal Board of Revenue (FBR) has paid refunds/customs rebates of Rs335.6 billion during 2022-23 as... Published 29 Nov, 2023 05:09am
Pakistan Customs employee arrested for suspected links with gang ISLAMABAD: Directorate General of Intelligence and Investigation Inland Revenue has arrested a customs employee of... Published 27 Nov, 2023 06:13am
Business & Finance Sales tax returns filing: KCCI asks FBR to rectify technical errors KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has asked the Federal... Published 24 Nov, 2023 05:29am
Business & Finance ‘Non-compliance’ with tax laws: SRB takes punitive action against restaurant chain KARACHI: The Sindh Revenue Board (SRB) on Thursday sealed two locations of the popular Red Apple restaurant chain... Published 24 Nov, 2023 05:29am
Business & Finance Manufacturing premises: FBR refuses DA to IR staff ISLAMABAD: The Federal Board of Revenue (FBR) has refused to grant daily allowance (DA) to the officers/ staff of... Published 23 Nov, 2023 03:19am
Opinion Export or perish The fundamental problem of our economy is that balance of payments crises and a perpetual risk of default have ... Updated 20 Nov, 2023 07:16am
Business & Finance Court matters: FBR Policy Wing IR refuses to give policy viewpoint ISLAMABAD: The Federal Board of Revenue (FBR) Policy Wing of Inland Revenue has refused to give policy viewpoint in... Published 17 Nov, 2023 06:06am
Print Registered persons: FBR to expand scope of e-ST integration system ISLAMABAD: The Federal Board of Revenue (FBR) has decided to expand the scope of an electronic sales tax (e-ST)... Updated 11 Nov, 2023 08:54am
Print Goods transporters, oil tanker owners: SRB directs 57 cos to add new category to SST profiles KARACHI: The Sindh Revenue Board (SRB) has directed 57 intercity goods transporters and oil tanker owners to add... Updated 09 Nov, 2023 10:26am
Print Tax against reprocessing, repacking of goods termed ‘wrong’ LAHORE: Both the customs and sales tax authorities are wrongfully charging excise duty and sales tax against... Updated 05 Nov, 2023 09:22am
Print ‘Further sales tax’ and ‘extra sales tax’: conflicting FBR accounts cause a great deal of confusion ISLAMABAD: The conflicting legal clarifications of the Federal Board of Revenue (FBR) on the chargeability of extra... Updated 03 Nov, 2023 10:11am
Business & Finance PRA collects credit and debit card sales data LAHORE: The Intelligence and Prosecution Cell (IPC) of the Punjab Revenue Authority has taken access to all credit... Published 02 Nov, 2023 03:16am
Opinion Budgetary outcome in first quarter The information on fiscal operations in the first quarter of 2023-24 by the Federal and the four Provincial... Published 31 Oct, 2023 05:26am
Business & Finance FTO asks FBR to form experts’ team to eliminate fake/flying invoices ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a team of sales... Published 27 Oct, 2023 05:16am
Business & Finance Towel exporters demand payment of sales tax refunds KARACHI: Syed Usman Ali, the Senior Vice Chairman of the Towel Manufacturers Association of Pakistan, has voiced... Updated 25 Oct, 2023 08:47am