FTO proposes FBR to abolish Section 8B of Sales Tax Act ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed the Federal Board of Revenue (FBR) to abolish section 8B of... Published 01 Jun, 2023 03:34am
Print Tax suggested on exporters not bringing forex within specified period of time ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to... Updated 01 Jun, 2023 08:53am
Opinion Tax on undistributed reserves is ultra vires–II It is about time our legislators understood that even a wrong decision of the Supreme Court of Pakistan in the ... Published 31 May, 2023 03:57am
Business & Finance Mian Zahid urges govt to target non-tax paying sectors KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 31 May, 2023 03:56am
Opinion Tax on undistributed reserves is ultra vires–I It is being reported that the government is repeating once again the mistake of taxing undistributed reserves of a... Published 30 May, 2023 03:37am
BR Research Pulpy taxation The government is lately imposing a tax on every item they can find in the formal sector. Government debt is... Published 29 May, 2023 08:43am
Business & Finance Economist advocates tax simplification to boost base KARACHI: Government is advised to simplify taxation to broaden its net: economist, said economic and financial... Published 29 May, 2023 04:27am
Business & Finance Goods/passenger transport vehicles: RRMC recommends one-time/ transactional advance tax ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended a one-time/transactional advance... Published 27 May, 2023 06:09am
Business & Finance Punjab: Crackdown on defaulters of motor vehicle tax intensified LAHORE: The Excise, Taxation and Narcotics Control (ET&NC) department has intensified crackdown against the... Published 27 May, 2023 06:09am
Editorials Tax targets for FY24 EDITORIAL: Chairman Federal Board of Revenue, Asim Ahmed, while talking exclusively to Business Recorder, subsequent... Updated 25 May, 2023 07:04am
Opinion 9th review struggle with IMF Since November of last year, Pakistan is still waiting for the release of the next tranche of $1.1 billion from the... Published 21 May, 2023 04:00am
Business & Finance ‘No official can override tax exemption by changing opinion’ LAHORE: “No tax official can override tax exemption by changing his opinion under the garb of rectification of... Published 21 May, 2023 04:00am
Business & Finance Small tax base, high non-compliance incidence causing massive tax evasion LAHORE: A relatively small tax base and high levels of non-compliance has resulted in massive tax evasion in ... Published 14 May, 2023 03:24am
Business & Finance Pakistan Television Centre, Peshawar: Low-paid staff must not be burdened with excessive tax deductions, FTO tells FBR ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that the... Published 13 May, 2023 05:59am
Business & Finance FY24: PBC urges govt to set ‘realistic’ tax target for FBR ISLAMABAD: Pakistan Business Council (PBC) has asked the government to set a realistic tax target for the Federal... Published 12 May, 2023 05:59am
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
Editorials Interest rate and profitability EDITORIAL: Profitability of Pakistani banks rose to a record high of 126 billion rupees – up by 56 percent year on... Published 05 May, 2023 06:44am
Business & Finance Tax expert offers perspective on stalled IMF bailout LAHORE: Former chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi on Tuesday said that Pakistan’s ... Published 03 May, 2023 06:35am
Business & Finance Family expenses: FTO deattaches taxpayer’s bank account LAHORE: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jan has directed the tax authorities to de-attach the bank... Published 02 May, 2023 05:59am
Business & Finance Dar urges FBR to boost tax revenue collection efforts Finance minister chaired meeting on FBR's revenue performance at Finance Division Updated 25 Apr, 2023 05:16pm
Business & Finance Cigarette retailers seek PM intervention for FED reversal LAHORE: The All Pakistan Central Union Pan-Cigarette Beverage Retailers has sought Prime Minister Shehbaz Sharif... Published 20 Apr, 2023 06:30am
Business & Finance Refund claim: FTO unearths maladministration by RTO officials ISLAMABAD: Federal Tax Ombudsman (FTO) has unearthed serious maladministration committed by the officials of the... Published 13 Apr, 2023 06:37am
Editorials FBR: implausible excuses EDITORIAL: It beggars belief that on the one hand FBR (Federal Bureau of Revenue) says it is improving its digital... Published 02 Apr, 2023 03:02am
Markets Indian mutual funds see debt inflows before tax tweak kicks in MUMBAI: Indian mutual funds are seeing a spurt in inflows into debt-oriented schemes ahead of a change in the... Published 30 Mar, 2023 06:35am
Business & Finance India likely to propose removing long-term tax benefits for debt mutual funds NEW DELHI: India may propose that investments in debt mutual funds be taxed as short-term capital gains, according... Published 24 Mar, 2023 10:24am
Business & Finance Tax officers accused of violating law by determining profit margins arbitrarily LAHORE: Tax authorities are involved in violating law by determining arbitrary profit margins in relation to a... Published 24 Mar, 2023 05:55am
Business & Finance Taxpayers exploiting FTO forum to defeat hierarchy of tax laws LAHORE: Taxpayers are exploiting the forum of Federal Tax Ombudsman (FTO) to defeat a complete mechanism and... Published 18 Mar, 2023 06:14am
Opinion New FATF guidelines: Shell companies and beneficial ownership Shell companies are considered the safest means to stash wealth created through criminal activities. Incorporation ... Updated 17 Mar, 2023 06:42am
World UK plans 11bn sterling business tax break in budget: Bloomberg News British finance minister Jeremy Hunt will hand businesses a three-year tax break worth 11 billion pounds ($13.23... Published 11 Mar, 2023 09:22pm
Editorials What’s behind lower revenue collection? EDITORIAL: The shortfall in Federal Board of Revenue’s (FBR’s) collection for the first eight months of the... Published 10 Mar, 2023 03:46am