Rs91bn short of target: Q1 tax collection stands at Rs2.563trn ISLAMABAD: Following change in macroeconomic figures, the Federal Board of Revenue (FBR) has faced a shortfall of... Updated 31 Oct, 2024 03:05pm
Print Corporate sector: Only 5,000 big cos are practically compliant taxpayers ISLAMABAD: Only 5,000 big companies are practically compliant taxpayers within the corporate sector and paying 90... Updated 28 Oct, 2024 02:43pm
Print Incidence of GST to go down: Minimum value of 4 steel goods drastically cut ISLAMABAD: The Federal Board of Revenue (FBR) has drastically cut the minimum value of supply of four... Updated 25 Oct, 2024 09:25am
Markets PM Shehbaz urges FBR to use technology to improve revenue collection Premier seeks roadmap for reconstruction of Pakistan Revenue Automation Limited Updated 24 Oct, 2024 11:47pm
Business & Finance Sales tax on tractors hiked to 14pc from 10pc ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday increased sales tax from 10 to 14 percent on import and... Updated 24 Oct, 2024 08:59am
Business & Finance Most of super stores linked with POS discharging tax liabilities: FCCI FAISALABAD: Most of the Super Stores are linked with Point of Sale (POS) and are discharging their tax liabilities... Published 23 Oct, 2024 07:50am
Print Pacts deadline looms: Refineries’ upgrade plans hit snags ISLAMABAD: The federal government is grappling with a major hurdle in its plans to upgrade domestic refineries as... Updated 22 Oct, 2024 09:33am
Business & Finance FBR lists cases pending implementation of FTO rulings ISLAMABAD: The Federal Board of Revenue (FBR) has compiled a list of important cases where decisions of the Federal... Updated 22 Oct, 2024 08:50am
Business & Finance Steel sector assails delay in the implementation of budgetary steps LAHORE: The inexplicable delay in the implementation of budgetary measures modifying tax regime for the steel... Published 22 Oct, 2024 06:33am
Print Illegal housing schemes: PRA Tribunal takes judicial notice ISLAMABAD: Punjab Revenue Authority (PRA) Tribunal has taken judicial notice of illegal housing schemes being... Updated 21 Oct, 2024 09:18am
Print Buyers, sellers: APTMA assails FBR’s affidavit demand LAHORE: All Pakistan Textile Mills Association (APTMA) Chairman Kaan Arshad has condemned the Federal Board of... Updated 19 Oct, 2024 02:56pm
Print GST fraud allegations: Leading cos’ CFOs go into hiding ISLAMABAD: The chief financial officers (CFOs) of companies allegedly involved in sales tax fraud have apparently... Updated 18 Oct, 2024 02:53pm
Business & Finance Key challenges: APTMA seeks Finance Minister’s help ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought Finance Minister’s support in resolution of... Published 18 Oct, 2024 06:10am
Print Sales tax fraud: Five senior companies’ officials held ISLAMABAD: The Directorate General of Intelligence & Investigation-Inland Revenue has arrested five senior... Updated 15 Oct, 2024 09:15am
Print Non-filers, CFOs of wealthy units: Pay taxes, avoid input adjustment misuse, says Aurangzeb ISLAMABAD: The government has warned non-filers and Chief Financial Officers (CFOs) of wealthy manufacturing units... Updated 11 Oct, 2024 09:17am
Print Dispute arises between FBR, AJ&K ISLAMABAD: A dispute has arisen between the Federal Board of Revenue (FBR) and Azad Jammu and Kashmir (AJ&K) tax... Updated 05 Oct, 2024 09:28am
Business & Finance Steel furnaces using locally procured scrap: Govt losing Rs8bn in taxes every month due to not imposing 18pc sales tax LAHORE: The government is losing nearly Rs 8 billion in taxes every month due to the unexplained reluctance of the... Published 04 Oct, 2024 06:46am
BR Research The inflation respite Who would have thought the often-mocked State Bank of Pakistan’s medium-term inflation target range of 5-7 percent... Published 02 Oct, 2024 09:12am
Print FBR reconstitutes SSTR committee ISLAMABAD: The Federal Board of Revenue (FBR) has reconstituted Single Sales Tax Return (SSTR) Committee for filing... Updated 28 Sep, 2024 08:55am
Business & Finance FBR announces prize scheme for customers of Tier-1 retailers ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday announced a prize scheme for the customers of integrated... Published 27 Sep, 2024 07:24am
Business & Finance SRB seals popular eatery for ‘tax evasion’ KARACHI: The Sindh Revenue Board (SRB) has taken decisive action against a popular eatery in Karachi’s upscale... Published 25 Sep, 2024 07:21am
Print ‘FASTER’ system: Exporters allowed to enjoy speedy refund payment facility from Oct ISLAMABAD: In a major development, the Federal Board of Revenue (FBR) has allowed the facility of speedy sales tax... Updated 25 Sep, 2024 09:25am
Business & Finance Exemption of local scrap from sales tax: Delay in implementation causing over Rs 5bn revenue loss per month ISLAMABAD: The delay in implementation of a key budgetary measure (2024-25) to exempt local scrap from sales tax has... Published 25 Sep, 2024 06:48am
Editorials Tax reforms: more of the same? EDITORIAL: The taxation bureaucracy’s knack of coming up with measures that claim to tackle the inefficiencies of... Published 25 Sep, 2024 06:48am
Print Restaurants and cafes: SRB carries out surprise snap checking, awareness exercise KARACHI: In the recent wake of social media posts and online complaints lodged at various portals from customers and... Updated 23 Sep, 2024 09:22am
Business & Finance Increase in sales tax from 10pc to 18pc on tractors criticized ISLAMABAD: The poor farmers and agriculturists have expressed serious concern over the Federal Board of Revenue’s... Published 23 Sep, 2024 06:45am
Print Sales tax condonation for time limit: FBR issues ‘checklist’ for taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) has issued a “checklist” for processing of condonation cases of... Updated 19 Sep, 2024 08:51am
Print RTO Sargodha detects Rs23bn tax evasion ISLAMABAD: A Withholding Zone of Regional Tax Office (RTO) Sargodha has effectively utilised the existing data and... Updated 16 Sep, 2024 03:12pm
Print Non-certified receipts: FBR plans imposing heavy fines on big retailers ISLAMABAD: The Federal Board of Revenue (FBR) is planning to impose heavy fines on big retailers, who are found to... Updated 14 Sep, 2024 12:26pm
Markets Higher sales tax threatens government’s EV promotion efforts: EDB official An official from the Engineering Development Board (EDB) warned that raising the general sales tax (GST) on electric... Published 11 Sep, 2024 12:44pm
PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer
PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer