Sales tax on services: KPRA collects Rs26.5bn in 2022 ISLAMABAD: The Khyber-Pakhtunkhwa Revenue Authority (KPRA) has collected over Rs26.5 billion in sales tax on ... Published 22 Jun, 2023 05:45am
Business & Finance Sales tax evasion worth billions of rupees detected ISLAMABAD: The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has detected sales tax ... Published 22 Jun, 2023 05:45am
Business & Finance Punjab govt has added no new sector to ST on services domain LAHORE: The Punjab government has neither imposed a new tax nor added any new sector to the domain of sales tax on... Published 20 Jun, 2023 03:16am
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 Businessmen concerned at proposed tax on windfall gains profits ISLAMABAD: Leading business associations, Monday, unanimously raised their voice against the budgetary measure of... Updated 13 Jun, 2023 06:22am
Print Senate panel rejects 3 major ST measures ISLAMABAD: The Senate Standing Committee on Finance rejected three major sales tax measures including a one-year... Updated 13 Jun, 2023 08:47am
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
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
Print GST on services: Rs235bn target set KARACHI: The Sindh government has set Rs 235 billion revenue collection target for sales tax on services for the ... Updated 11 Jun, 2023 08:09am
Business & Finance Proposals No increase in duties on import of essential items Minimum wage proposed at Rs32,000; wages of government employees... Published 10 Jun, 2023 05:20am
Print Pharmaceuticals, drugs: Sales tax structure restored ISLAMABAD: The government restored the sales tax structure on drugs and pharmaceuticals on July 1st, 2022 position... Updated 10 Jun, 2023 08:50am
Print Finance Bill 2023: Rate of GST on e-integrated textile retailers up 3pc ISLAMABAD: The government has enhanced the rate of sales tax on electronically-integrated textile retailers from the... Updated 10 Jun, 2023 08:49am
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
Technology IT sector: Budget brings in huge incentives ISLAMABAD: The government has announced huge incentives for Information Technology (IT) Sector, IT exports and IT... 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 ST exemption: Units in NMDs get one-year extension ISLAMABAD: The government has extended the sales tax exemption to newly-merged districts (NMDs) (FATA/ PATA) for... Published 10 Jun, 2023 05:01am
Print Power production, transmission and distribution: Centre’s powers of GST collection go to provinces ISLAMABAD: In a significant move, the government has transferred the Centre’s powers of collection of sales tax on... Published 10 Jun, 2023 04:31am
Print Tax exemptions cost exchequer over Rs2.23trn Cost of tax exemptions registered a growth of 27.43 per cent during 2022-23 as compared to tax expenditure in 2021-22 Updated 09 Jun, 2023 02:49pm
Print Sales tax zero-rating on supply of dairy products to continue ISLAMABAD: The sales tax zero-rating on local supplies of dairy products including milk/fat filled milk would remain... Updated 07 Jun, 2023 09:10am
Pakistan Directorate I&I detects mega scam of fake ST inovices ISLAMABAD: Directorate of Intelligence & Investigation (IR) Lahore has unearthed a gang of fraudsters involved ... Published 03 Jun, 2023 03:52am
Print Registered sales, purchases: KTBA proposes reintroduction of tax credits KARACHI: Karachi Tax Bar Association (KTBA) has proposed the Federal Board of Revenue (FBR) to re-introduce tax... Updated 01 Jun, 2023 09:04am
Business & Finance FTO proposes FBR to abolish Section 8B of Sales Tax Act ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed the Federal Board of Revenue (FBR) to abolish section 8B of... Published 01 Jun, 2023 03:34am
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
Pakistan Fake, flying invoices: DI&I IR Karachi arrests two suspects KARACHI: The Directorate Intelligence and Investigation (DI&I), Inland Revenue (IR), Karachi, has apprehended ... Published 28 May, 2023 03:34am
Business & Finance Housing societies defying registration to avoid ST LAHORE: Housing societies in Punjab are defying registration with the Punjab Revenue Authority (PRA) to avoid sales... Published 28 May, 2023 03:34am
Business & Finance PALSP voices concerns over misuse of tax exemptions in NMDs ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised serious concerns regarding the ... Published 25 May, 2023 06:26am
Business & Finance Budget proposals: KCCI for adopting ‘novel’ approaches to economic challenge KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions... Published 24 May, 2023 05:57am
Business & Finance Stalled IMF bailout hurting economy: UBG chief KARACHI: United Business Group (UBG) President Zubair Tufail said that due to the delay in the IMF’s debt recovery... Published 21 May, 2023 04:00am
Print Unsatiated traders seek more tax incentives ISLAMABAD: The business community is again seeking tax exemptions, special tax rates, and tax credits and ... Updated 21 May, 2023 09:32am
Print Juices, aerated water: FBR reviewing FED structure in budget ISLAMABAD: The Federal Board of Revenue (FBR) is reviewing federal excise duty (FED) structure on juices and aerated... Updated 19 May, 2023 09:03am