Features of taxation system of Pakistan Published 02 Jun, 2026 04:58am The objective of this article is to highlight the key features of the taxation system of Pakistan, such that...
PPWSMA says concerned at ‘discriminatory taxation’ Published 31 May, 2026 02:34am ISLAMABAD: Pakistan’s polypropylene (PP) industry has raised serious concerns over what it called discriminatory...
Sugar import by TCP: FBR extends dates for duty & tax exemption Published 23 Mar, 2026 05:24am ISLAMABAD: The Federal Board of Revenue (FBR) has further extended the date for exemption/reduced rates of duties...
Pak-Uzbek trade ties: PM urges business community to cash in on opportunities Updated 07 Feb, 2026 04:38pm Uzbekistan offers Pakistani traders 10-year tax exemption
National Grid Company seeks 3% value-added tax exemption on machinery imports Updated 02 Jan, 2026 07:33am ISLAMABAD: The National Grid Company (NGC), formerly known as the National Transmission and Despatch Company (NTDC),...
Income derived from foreign currency account: Resident company doesn’t enjoy exemption: IHC Updated 23 Sep, 2025 09:22am ISLAMABAD: The Islamabad High Court (IHC) held that the resident company in Pakistan did not enjoy exemption on...
Tax exemption scandal hits excise dept Published 03 Aug, 2025 02:55am LAHORE: A damning audit report has revealed widespread irregularities in the tax exemption process for 5-marla...
Tax exemption misuse: Senate panel voices concern over abuse of IT sector Published 25 Jul, 2025 05:59am ISLAMABAD: The Senate Standing Committee on Finance, while voicing its reservations over the statistics of the IT...
FBR to levy 18% sales tax in erstwhile tribal areas Updated 26 May, 2025 11:28am ISLAMABAD: The government has decided to impose 18 percent sales tax on goods manufactured in erstwhile tribal areas...
Entry-151 of Sixth Schedule to STA: SC CB grants status quo, restores amendment Updated 15 May, 2025 09:35am ISLAMABAD: The Constitutional Bench of the Supreme Court granting status quo, restored and maintained the amendment...
Earning below Rs1 million annually: KTBA proposes tax exemption for salaried people Updated 02 May, 2025 09:03am KARACHI: Karachi Tax Bar Association (KTBA) has proposed to exempt income tax from the salaried class earning below...
ICC Champions Trophy 2025: Tax exemption granted to income derived by IBC or ICC Published 14 Apr, 2025 07:03am ISLAMABAD: The Federal Board of Revenue (FBR) has granted income tax exemption to any income derived by ICC Business...
ICC Champions Trophy 2025: ECC approves income tax exemption for ICC Published 21 Feb, 2025 06:49am ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved income tax exemption for the...
‘Vessels, ships procured or purchased must be exempted from ST’ Published 08 Feb, 2025 06:30am KARACHI: Standing Committee meeting on Maritime Affairs met under the Chairmanship of Abdul Qadir Patel, MNA. Taking...
Tax dept suggests CAA to opt for ADR path to claim tax exemption Published 03 Jan, 2025 07:20am LAHORE: The Income Tax department has proved that the Civil Aviation Authority (CAA), a state-owned enterprise ...
Erstwhile tribal areas: PALSP urges govt to withdraw ‘unfair’ tax exemption Published 01 Jan, 2025 03:03am ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has urged upon the government to withdraw ...
PCA unearths Rs2.4bn tax fraud ‘committed’ by cement maker Updated 30 Dec, 2024 09:23am KARACHI: The Post Clearance Audit (PCA) South has detected a tax fraud amounting to Rs. 2.4 billion against a...
Investments in real estate: Overseas Pakistanis now eligible for exemption from higher tax rates Updated 27 Dec, 2024 03:15pm KARACHI: In a significant move to attract foreign investments in the real estate sector, overseas Pakistanis are now...
‘No proposal under study on ADR tax exemption for banks’ Updated 24 Oct, 2024 09:36am ISLAMABAD: Minister of State for Finance Ali Perveiz Malik said Wednesday that there is no proposal under...
Tax exemption only allowed under ITO 2001, if ... Updated 12 Sep, 2024 09:08am ISLAMABAD: The taxpayers including exporters would only be allowed tax exemption under Income Tax Ordinance, 2001,...
Personal use of importer’s family: FBR exempts WHT on import of eye drops from France Published 30 Aug, 2024 07:49am ISLAMABAD: The Federal Board of Revenue (FBR) has exempted withholding tax on import of the medicines and eye drops...
Diplomats, privileged persons and entities: Conditional exemption of FED available on imports Updated 26 Jul, 2024 08:51am ISLAMABAD: The exemption of federal excise duty would be available on the imports made by diplomats, diplomatic...
Tax exemption on POL products: FBR suffers massive revenue loss in 2022-23 Updated 05 Jul, 2024 08:51am ISLAMABAD: The Federal Board of Revenue (FBR) has suffered revenue loss of Rs 1.25 trillion during 2022-23 on...
Sale of govt-allotted immovable properties: Scope of WHT exemption expanded Updated 03 Jul, 2024 08:32am ISLAMABAD: The government has expanded the scope of withholding tax exemption on the sale of government-allotted...
Fata, Pata ghee mills: PVMA threatens to shut units if tax concession not withdrawn Published 29 Jun, 2024 06:40am KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) has announced country wide closure of factories, if the...
FPCCI demands restoration of tax exemption on gold import Published 25 Jun, 2024 06:42am KARACHI: FPCCI Central Standing Committee on Gems & Jewellery Producers, Manufacturers & Exporters, ...
Fata and Pata: PALSP says tax exemptions will ‘destroy economy’ Published 24 Jun, 2024 07:00am ISLAMABAD: Steel & Edible Oil & Ghee industries are deeply concerned over reports of govt’s intention to...
Teachers, researchers: FAPUASA for restoring 75pc tax exemption Published 22 Jun, 2024 06:47am LAHORE: Federation of All Pakistan Universities Academic Staff Association (FAPUASA) on Friday expressed strong...
Fertilizer sector availed Rs252.6bn tax exemption in 2022-23 Updated 17 Jun, 2024 02:44pm ISLAMABAD: The fertilizer sector has availed huge sales tax exemption of Rs 252.60 billion during 2022-23 mainly due...
Industrial undertakings: Minimum tax payable despite exemption under Economic Reforms Act Published 24 Jan, 2024 05:07am LAHORE: Minimum tax is payable by the industrial undertakings despite enjoying exemption under the Economic Reforms...