Tax credit regime for NPOs massively misused: FTO ISLAMABAD: The Federal Board of Revenue’s tax credit regime for Non-Profit Organisations (NPOs) has been massively... Published 05 Dec, 2023 03:01am
Opinion Tax on windfall income: Banking companies General, The Finance Act, 2023 introduced a new provision, Section (99D), in the Income Tax Ordinance 2001. Under... Updated 29 Nov, 2023 05:35am
Editorials DOC meeting: it’s not money for nothing EDITORIAL: A Donors Coordination Committee (DOC) meeting was convened by the Caretaker Finance Minister with... Published 24 Nov, 2023 05:29am
Business & Finance Foreign currency deals during 2021, 2022: FBR to impose 40pc additional tax on windfall profits of banks ISLAMABAD: The Federal Board of Revenue (FBR) will shortly issue a statutory regulatory order (SRO) to impose 40... Published 22 Nov, 2023 05:48am
World UK’s Hunt says won’t implement tax cuts that fuel inflation LONDON: British Finance Minister Jeremy Hunt said on Sunday he would not implement tax cuts that would push up... Published 19 Nov, 2023 05:17pm
Editorials Windfall tax levy faces prospect of litigation EDITORIAL: Windfall tax is defined as “a tax levied on an unforeseen or unexpectedly large profit, especially one... Published 18 Nov, 2023 06:03am
Business & Finance Windfall income of banks: SRO will be issued to impose 40pc additional tax ISLAMABAD: The Federal Board of Revenue (FBR) will issue a Statutory Regulatory Order (SRO) to impose 40 percent... Published 16 Nov, 2023 05:39am
Business & Finance Cigarette prices in Pakistan lowest in the region due to lenient tax policy? ISLAMABAD: Pakistan stands out in the region for remarkably low cigarette prices due to the country’s lenient tax... Published 14 Nov, 2023 05:08am
Business & Finance SECP asks insurance cos to disclose deducted tax in accounts’ books ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has asked the insurance companies to give... Published 07 Nov, 2023 06:33am
Business & Finance Recovery notices under Sec 138: FTO orders probe against FBR ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered an investigation against the Federal Board of Revenue (FBR)... Published 05 Nov, 2023 03:10am
Print Tax, FBR reforms: Task force concerned at reliance on indirect taxes ISLAMABAD: The first meeting of the task force on tax and Federal Board of Revenue (FBR) reforms, constituted by the... Updated 05 Nov, 2023 12:59pm
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
Business & Finance South Africa seeks tax boost as higher debt peak forecast CAPE TOW: South Africa’s finance minister will propose tax changes next year as part of an effort to stabilise... Published 02 Nov, 2023 03:15am
Business & Finance India demands $12bn in tax from online gaming firms NEW DELHI: Indian tax authorities have served notices to online gaming companies demanding about 1 trillion rupees... Published 26 Oct, 2023 06:08am
Business & Finance Vietnam may delay minimum tax on multinationals, in blow to Samsung HANOI: Vietnam’s parliament will not discuss a minimum tax on multinationals at its last session of the year, a... Published 23 Oct, 2023 05:58am
Pakistan Tax laws teaching: FTO office and COMSATS University ink MoU ISLAMABAD: The Federal Tax Ombudsman (FTO) and COMSATS University, Islamabad, have signed a memorandum of... Published 19 Oct, 2023 05:10am
Business & Finance Tax recovery: FTO directs FBR to conduct WHT audit of NHA for TY23 ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah in a landmark order has directed the Federal Board of... Published 18 Oct, 2023 06:09am
Print Rs63bn more than the target: Q1 tax collection stands at Rs2.041trn ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 2,041 billion during the first quarter of the current... Updated 01 Oct, 2023 03:35pm
Business & Finance Welfare trusts: Tax dept not treating income from interest on bank deposits as business income LAHORE: Tax authorities are allegedly not treating income from interest on bank deposits of welfare trusts as... Published 28 Sep, 2023 05:33am
Business & Finance Declaration against foreign assets: ‘Taxpayers not filing CVT being held liable to default’ LAHORE: Tax authorities are holding taxpayers liable to default for not filing capital value tax (CVT) declaration... Published 23 Sep, 2023 05:58am
Business & Finance ‘Tax rich more,’ IMF asks govt NEW YORK: International Monetary Fund (IMF) Managing Director Kristalina Georgieva has called on the authorities in... Published 22 Sep, 2023 03:33am
Business & Finance Withholding agents: Tax officers imposing penalties without verifying payments LAHORE: Tax authorities are allegedly imposing additional tax against withholding agents without verifying whether... Published 21 Sep, 2023 06:08am
Business & Finance ‘Some Discos claim tax credit without deducting WHT’ LAHORE: Some power distribution companies (Discos) are allegedly claiming tax credit without deducting and ... Published 05 Sep, 2023 06:22am
Business & Finance Abbott Laboratories sustains Rs580mn in losses amid inflation, currency devaluation Sales in second quarter clocked in at Rs13.44 billion Updated 30 Aug, 2023 07:04pm
Business & Finance ‘Industrial units converting lands into housing societies are liable to tax’ LAHORE: The industrial units converting their lands into housing societies are liable to tax as they fall under the... Published 30 Aug, 2023 03:33am
Markets China halves stock trade tax to boost market BEIJING: China halved the stamp duty on securities transactions, state media reported Sunday, in an effort to... Published 27 Aug, 2023 06:46pm
Pakistan Tax credit facility: FBR suggests simple procedure for charitable bodies ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a simple procedure for availing tax credit by charitable/... Published 16 Aug, 2023 05:50am
Business & Finance Minister pleads reduced tax rates for telecom sector, mobile handsets ISLAMABAD: Federal Minister for Information Technology and Telecommunication Syed Aminul Haque pleaded reduced tax... Published 09 Aug, 2023 05:33am
BR Research MCB: Investments and current account drive profit MCB Bank Limited (MCB) doubled on the impressive first quarter, raking in record half yearly after-tax profits at... Published 07 Aug, 2023 08:18am
Business & Finance Tax expert accused of harming reputation of FBR officers LAHORE: The Federal Board of Revenue (FBR) Deputy Commissioner Ali Saleh Hayat Kalyar has sent a legal notice to... Published 01 Aug, 2023 06:19am