FY24 tax credits cost kitty Rs78.6bn Updated 09 Sep, 2025 09:25am ISLAMABAD: The tax credits given to various sectors in 2023-24 caused annual revenue loss of Rs 78.6 billion during...
Sales tax fraud: Five senior companies’ officials held Updated 15 Oct, 2024 09:15am ISLAMABAD: The Directorate General of Intelligence & Investigation-Inland Revenue has arrested five senior...
FTO concerned about not allowing tax credit to salaried class Updated 14 Aug, 2024 10:12am ISLAMABAD: Federal Tax Ombudsman (FTO) has expressed serious concern that the current withholding procedure of tax...
Deductions, tax credits to salaried class, pensioners: FTO directs FBR, AGPR and AG Sindh to allow adjustment Updated 04 Aug, 2024 10:10am ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR), Accountant General of...
Income Tax Expenditure (cost of exemption) estimated at Rs476.96bn Updated 17 Jun, 2024 03:03pm ISLAMABAD: The Income Tax Expenditure (cost of exemption) has been estimated at Rs 476.96 billion during 2022-23....
Tax credit facility: FBR suggests simple procedure for charitable bodies Published 16 Aug, 2023 05:50am ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a simple procedure for availing tax credit by charitable/...
Govt likely to shift exporters from FTR to MTR scheme Updated 25 May, 2023 08:49am ISLAMABAD: The government is likely to shift the exporters from the Final Tax Regime (FTR) to the Minimum Tax Regime...
Pelosi backs chips bill, says House could vote on measure next week Published 21 Jul, 2022 06:33am WASHINGTON: The US House plans to vote as early as next week on a slimmed-down version of legislation to provide ...