Senate panel endorses phase-wise ST on local infant nutrition, milks ISLAMABAD: Senate Standing Committee on Finance Saturday fully endorsed the proposal of the dairy industry to impose... Updated 16 Jun, 2024 09:35am
Business & Finance Tractor manufacturing company: LTO Lahore detects Rs13.286bn sales tax discrepancies ISLAMABAD: On the directions of the President of Pakistan, the Large Taxpayer Office (LTO), Lahore has concluded the... Published 14 Jun, 2024 06:31am
BR Research Too far gone! The stability of the Pakistani economy—and ultimately its frequent collapses—hinges greatly on how subsequent... Published 13 Jun, 2024 08:12am
Business & Finance E-invoices of sales tax proposed for registered persons ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new provision of issuance of electronic sales tax... Published 13 Jun, 2024 06:37am
Pakistan Sales tax exemption on supplies to charitable hospitals removed ISLAMABAD: The federal government has proposed to remove the sales tax exemption on supplies to charitable hospitals... Published 13 Jun, 2024 06:22am
Pakistan Coal, gypsum and plastic waste: 80pc GST withholding rate on supplies proposed ISLAMABAD: The Finance Bill 2024 has proposed a sales tax withholding rate of 80 percent on supplies of coal,... Published 13 Jun, 2024 03:32am
Business & Finance PRA enforces e-invoice monitoring system in restaurants LAHORE: The Punjab Revenue Authority (PRA) has decided to ensure the installation of Electronic Invoice Monitoring... Published 11 Jun, 2024 03:17am
Business & Finance LCCI members urged to submit pending sales tax returns, WWF payments LAHORE: President of the Lahore Chamber of Commerce & Industry (LCCI), Kashif Anwar, in a meeting with Focal... Published 08 Jun, 2024 07:00am
Print WHT on cash withdrawals: PM rejects another key revenue step of FBR ISLAMABAD: Prime Minister Shehbaz Sharif has rejected another key revenue measure of the Federal Board of Revenue... Updated 07 Jun, 2024 12:54pm
Print Import concessions: FBR unveils updated list of 222 locally-made goods ISLAMABAD: The Federal Board of Revenue (FBR) Thursday issued an updated list of 222 locally-manufactured goods for... Updated 07 Jun, 2024 08:42am
Pakistan DG of I&I-IR, Hyderabad and Karachi busts network of tax fraudsters HYDERABAD: As part of the national drive against tax crimes/frauds by the FBR, the Directorate General of... Published 05 Jun, 2024 07:47am
Print Lack of coordination between depts: FBR’s efforts aimed at broadening tax base hit a snag KARACHI: The Federal Board of Revenue’s efforts to broaden the tax base have hit a snag due to a lack of... Updated 05 Jun, 2024 09:35am
Print ‘Carbon Tax’ on POL products: PM rejects major FBR budgetary proposals ISLAMABAD: Prime Minister Shehbaz Sharif has rejected two major budgetary proposals of the Federal Board of Revenue... Updated 25 May, 2024 08:27pm
Print Many zero-rated items: FBR proposes standard rate of 18pc sales tax ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a standard rate of 18 percent sales tax on a wide range... Updated 24 May, 2024 11:29pm
Business & Finance Budget proposals: OICCI for standardising GST rates and policies KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) in its taxation proposals for the upcoming... Updated 23 May, 2024 09:19am
Business & Finance Services on income: ‘Provincial tax authorities competent to impose ST’ LAHORE: Provincial revenue authorities are competent to impose sales tax on services on income arising from listing... Published 23 May, 2024 05:16am
Business & Finance Hike in FED, GST on tobacco in budget: Shehla urges MPs, stakeholders to join efforts ISLAMABAD: Member National Assembly Shehla Raza Friday asked the parliamentarians and stakeholders to join efforts... Published 18 May, 2024 05:45am
Business & Finance AG KP agrees to withhold ST on services from bills PESHAWAR: Director General KPRA held a meeting with Accountant General Khyber Pakhtunkhwa to discuss issues relating... Published 17 May, 2024 05:50am
Print Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget ISLAMABAD: The government is planning to rationalise Federal Excise Duty (FED) regime in the coming budget with... Updated 16 May, 2024 09:26am
Print Sales tax on tractors, pesticides likely ISLAMABAD: The federal government is likely to impose sales tax on tractors as well as pesticides during the... Updated 10 May, 2024 08:57am
Print Sales tax fraud and fake invoices: Aurangzeb directs FBR to detect cases ISLAMABAD: Finance Minister Muhammad Aurangzeb has directed the Federal Board of Revenue (FBR) to detect cases of... Updated 10 May, 2024 09:02am
Editorials Tax targets for FY25 EDITORIAL: The first quarterly review report on the recently concluded Stand-By Arrangement (SBA) available on the... Published 08 May, 2024 06:43am
Print Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue (IR) field formations to recover sales... Updated 08 May, 2024 08:51am
Print ST registered persons: FBR modifies requirement of filing balance sheet ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, modified a controversial requirement for filing balance... Updated 08 May, 2024 09:17am
Print Fast-track solar PV projects by Arab countries: FBR asked to amend sales tax, income tax laws The government is actively working towards the development of solar PV projects utilizing the G2G mode Updated 06 May, 2024 09:25am
Opinion Powering Pakistan: Transforming energy distribution for economic prosperity In Pakistan, the energy sector stands as both a pillar of progress and a stumbling block to prosperity. At the heart... Published 20 Apr, 2024 04:18am
Print Govt apprises NA about its approach to prices of POL products ISLAMABAD: The National Assembly was informed on Friday that despite increasing the prices of petroleum products for... Updated 20 Apr, 2024 02:07pm
Print Those already registered with sales tax department: Balance sheet filing requirement relaxed Federal Board of Revenue implements stringent conditions for new sales tax registration Updated 20 Apr, 2024 05:38pm
Business & Finance FBR revises upward value of supply of CNG to consumers ISLAMABAD: The Federal Board of Revenue (FBR) has upward revised the value of supply of the compressed natural gas... Published 19 Apr, 2024 05:07am
Business & Finance Delay in sales tax payments: Fibres’ manufacturer fails to furnish explanation LAHORE: A fibres manufacturer has failed to furnish plausible explanation for sales tax payments while agitating ... Published 16 Apr, 2024 03:38am