Enactment of Tax Laws (Amendment) Act, 2024: ATIR members raise serious questions over benches’ legitimacy ISLAMABAD: Judicial members of the Appellate Tribunal (Inland Revenue) have apprehended that Tax Laws (Amendment)... Published 14 May, 2024 05:18am
Business & Finance Seeking stay from court against recovery: 30pc of disputed tax will be deposited with FBR under new Act ISLAMABAD: Taxpayers have to deposit 30 percent of the determined tax with the Federal Board of Revenue (FBR) in... Published 09 May, 2024 03:11am
Business & Finance Tax Laws (Amendment) Bill: Treasury Senator assails federal govt ISLAMABAD: The federal government, Monday, came under sharp criticism in Senate from a treasury senator for... Published 30 Apr, 2024 03:43am
Print Liquidation of certain appellate fora: Cabinet approves amendments to tax laws Cabinet informed that FBR had been constantly trying to ensure prompt disposal of litigation cases Updated 25 Apr, 2024 09:42am
Print Reducing financial burden: SNGPL proposes amendments to tax laws ISLAMABAD: Sui Northern Gas Pipeline Company Limited (SNGPL) has proposed amendments to tax laws to reduce financial... Updated 13 Mar, 2024 09:36am
Opinion Improving tax compliance The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax... Published 03 Oct, 2023 06:02am
Print Documentation requirements: Paperless environment not possible: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has said that a completely paperless environment for taxpayers is not... Updated 13 Sep, 2023 08:55am
Pakistan Sect 223 of Customs Act confers broad, general power on FBR: SC ISLAMABAD: The Supreme Court noted that Section 223 of the Customs Act, 1969, confers a broad and general power, of... Published 07 Sep, 2023 06:21am
Business & Finance Toll manufacturing: FBR suggests new definition ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a new definition of the toll manufacturing in the Income... Published 22 Aug, 2023 06:03am
Print Income tax law: FBR proposes new definition of word ‘banking’ Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024 Updated 14 Aug, 2023 05:32pm
Pakistan Private medical colleges violating tax laws ISLAMABAD: Private medical colleges are involved in serious violations of income tax laws including non-deduction of... Published 25 Jul, 2023 06:20am
Business & Finance Tax under Section 7E on immoveable properties: Inland revenue chief commissioners issued instructions ISLAMABAD: The Federal Board of Revenue (FBR) Monday issued draft of proposed amendments in the Inland Revenue... Published 25 Jul, 2023 06:20am
Print FBR to ‘sell’ excise rules, general orders, departmental rulings to public ISLAMABAD: The Federal Board of Revenue (FBR) will “sell” federal excise rules, general orders and departmental... Updated 06 Jul, 2023 08:39am
Business & Finance FBR proposes changes in tax laws to check profit shifting by MNCs ISLAMABAD: The Federal Board of Revenue (FBR) has proposed changes in tax laws to check the “profit shifting” by... Published 13 Jun, 2023 06:00am
Print KE seeks amendments to tax laws ISLAMABAD: K-Electric (KE) has sought amendments in tax laws including income tax, minimum turnover, payment of... Updated 30 May, 2023 09:22am
Business & Finance Experts urge govt to avoid frequent changes in tax laws LAHORE: Tax experts have urged the government to strike a balance between the need to update tax laws and the need ... Published 12 May, 2023 05:59am
Print International tax conventions, deals: SC says role of state more of an implementer than an interpreter ISLAMABAD: The Supreme Court held that international tax conventions or agreements or treaties are of a special... Updated 11 May, 2023 08:48am
Business & Finance Frequent changes in tax laws leading to wrong assessments LAHORE: Extensive changes in tax laws on yearly basis and at times more than once in a year, lead to wrong... Published 07 May, 2023 03:21am
Print President signs Tax Laws (Amendment) Bill 2023 into law ISLAMABAD: President Dr Arif Alvi Thursday signed the Tax Laws (Amendment) Bill 2023. The president gave approval to... Updated 21 Apr, 2023 08:53am
Print Govt fails to implement WB-recommended tax reforms ISLAMABAD: The government has failed to fully implement the World Bank recommended major tax reforms for enhancing... Updated 20 Apr, 2023 08:35am
Print ‘Flood Levy’: FBR has not drafted any proposal ISLAMABAD: The Federal Board of Revenue (FBR) has not drafted any proposal to impose “Flood Levy” or any new... Updated 16 Dec, 2022 09:27am
Business & Finance WHT on passenger transport vehicles: FBR issues ‘legal’ clarification ISLAMABAD: Taking prompt action on transporters’ complaints, the Federal Board of Revenue (FBR) Wednesday night... Published 01 Sep, 2022 05:50am
Business & Finance Inordinate delays in dispute resolution impair overall tax governance: SC ISLAMABAD: The Supreme Court held and declared that Rule 22(1) of Appellate Tribunal Inland Revenue Rules, 2010 to... Published 07 Aug, 2022 05:44am
Business & Finance PTBA president for creating awareness among members about tax laws FAISALABAD: Tax bars and Chambers of Commerce and Industry must forge their productive relationship to facilitate ... Published 19 Jul, 2022 06:00am
Business & Finance FTO directs FBR to settle refund claim of complainant ISLAMABAD: The Federal Tax Ombudsman (FTO), while disposing of the complaint of a customer of the telecom company ... Published 30 Jun, 2022 06:07am
Business & Finance Why do startups like setting up shop in Dubai? Businesses thrive in Dubai, which would explain why it was just announced that more than 3,000 new member companies... Updated 27 May, 2022 04:15pm
Business & Finance Budget FY23: PBA seeks 29pc uniform tax rate ISLAMABAD: Pakistan Banks Association (PBA) has proposed to the Federal Board of Revenue (FBR) to apply a uniform ... Published 27 May, 2022 05:50am
Business & Finance NIFT, M10 Networks forge alliance to power digital B2B payments KARACHI: The National Institutional Facilitation Technologies (NIFT) of Pakistan and M10 Networks announced on ... Published 26 Apr, 2022 06:17am
Print Fertilizer firms being issued show-cause notices despite SRO compliance ISLAMABAD: In spite of due compliance of relevant SRO, the Federal Board of Revenue (FBR)’s field formations are... Updated 02 Apr, 2022 10:28am
Business & Finance FBR rejects news item ISLAMABAD: The Federal Board of Revenue (FBR) has categorically denied the insinuation made in the story published ... Published 09 Feb, 2022 05:46am
