PM Shehbaz slaps 10% 'super tax' on large-scale industries One-time levy to be imposed on cement, steel, sugar, oil and gas, fertiliser, LNG , textile, banking, and automobile sectors among others for FY23 Updated 24 Jun, 2022 05:53pm
Business & Finance Hazara region: KPRA registers over 200 service providers PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) has registered over 200 service providers in Hazara region... Published 23 May, 2022 08:02am
Business & Finance U.S. Treasury’s Yellen to push Poland on global minimum tax implementation WARSAW: US Treasury Secretary Janet Yellen will thank Poland for hosting millions of Ukrainian war refugees on... Published 16 May, 2022 11:41am
Pakistan FTO disposes of 899 complaints in 3 months LAHORE: Over 40 percent of the complaints were either rejected by the Federal Tax Ombudsman (FTO) or withdrawn by ... Published 07 May, 2022 06:49am
Business & Finance KPRA says operating ‘Restaurant Invoice Monitoring System’ successfully PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) is successfully operating Restaurant Invoice Monitoring... Published 03 May, 2022 03:47am
Business & Finance ‘Jazz fully compliant with all tax obligations’ ISLAMABAD: Jazz, Pakistan’s leading digital operator and one of the largest private sector companies, is fully... Published 08 Apr, 2022 05:28am
Pakistan Big retailer: Islamabad ATIR withdraws Rs1m penalty ISLAMABAD: The Appellate Tribunal Inland Revenue, Islamabad has withdrawn a penalty of Rs1,000,000 from a retailer,... Published 20 Mar, 2022 06:04am
Markets US opposes Canada's digital services tax proposal WASHINGTON: The United States on Tuesday announced its opposition to Canada's proposed tax on the largest tech ... Published 23 Feb, 2022 10:59am
Business & Finance China plans bigger tax cuts in 2022 to prop up slowing growth BEIJING: China will unveil bigger tax and fee cuts this year and step up payments to local governments to offset... Published 22 Feb, 2022 10:09am
Business & Finance KPRA launches crackdown against non-compliant taxpayers PESHAWAR: To improve tax compliance and discourage tax evasion, the Khyber Pakhtunkhwa Revenue Authority (KPRA) has... Published 21 Feb, 2022 07:25am
Business & Finance Soneri Bank announces Rs2,854m PAT KARACHI: The Board of Directors of Soneri Bank Limited, in their 190th meeting held on Thursday, announced the... Published 18 Feb, 2022 04:31am
Business & Finance NA body told: There’s no change in tax, concessionary WHT regime for jewelers ISLAMABAD: Despite withdrawal of sales tax exemption on jewellery under the Finance (Supplementary) Act, 2022, there... Published 17 Feb, 2022 06:37am
Markets Singapore set for 2022 budget surplus as COVID-19 costs recede, tax hike looms SINGAPORE: Singapore could return to a small budget surplus in 2022 as the economy recovers from the COVID-19... Published 11 Feb, 2022 10:33am
Business & Finance Bank AL Habib Ltd posts Rs18.70bn PAT KARACHI: The Board of Directors of Bank AL Habib Limited (the Bank) announced the bank’s financial results for the... Published 10 Feb, 2022 04:40am
Business & Finance FBR fails to implement FTO’s recommendation ISLAMABAD: The Federal Board of Revenue (FBR) has yet to implement a key recommendation of the Federal Tax Ombudsman... Published 31 Jan, 2022 07:10am
Business & Finance KPRA conducts training on tax compliance & litigation risks PESHAWAR: To improve capacity of staff in withholding tax compliance and reducing tax litigation risks, the Khyber... Published 29 Jan, 2022 06:05am
Business & Finance KTBA expresses its concern over SRB notification KARACHI: Karachi Tax Bar Association (KTBA) has expressed concerns over the Sindh Revenue Board (SRB) notification,... Published 28 Jan, 2022 04:44am
Pakistan PIA emerges as non-filer of FED, sales tax returns Arrears running into billions of rupees remain pending Updated 25 Jan, 2022 08:47pm
Print Millionaires make unusual plea: ‘Tax us now’ PARIS: More than 100 millionaires made an unusual plea on Wednesday: “Tax us now”. Their appeal came as a study... Updated 20 Jan, 2022 09:47am
Print Mobile recharge: Cos start collecting increased WHT ISLAMABAD: The cellular companies have started collecting increased withholding tax from cellular customers with... Updated 19 Jan, 2022 09:32am
Print NA passes ‘mini-budget’, SBP bill amid awful din The Finance (Supplementary) Bill, 2021 also known as ‘mini-budget’ was passed by the house with some amendments presented by Finance Minister Shaukat Tarin Updated 14 Jan, 2022 09:19am
Pakistan Covid-19 and Ramazan: Q3 and Q4 revenue targets may be revised downward LAHORE: The Federal Board of Revenue (FBR) may revise revenue target downward for 3rd and 4th quarters keeping in... Published 13 Jan, 2022 07:17am
Editorials Removal of distortions EDITORIAL: Dr Muhammad Ashfaq, Chairman Federal Board of Revenue (FBR), while briefing the Senate Standing Committee... Updated 10 Jan, 2022 09:14am
BR Research Mini-budget and Telecoms Say a prayer for the goose that lays golden eggs! The fidgeting, budgeting, tax-chasing government has historically... Published 06 Jan, 2022 07:44am
Pakistan PM pays Rs9,854,959 tax ISLAMABAD: Prime Minister Imran Khan has paid tax of Rs9,854,959 during tax year 2019 against Rs282,449 paid in tax... Published 04 Jan, 2022 06:54am
Print ‘Mini-budget’: Delay of a few days doesn’t really matter: Tarin Says a date of January 12 has been fixed with the IMF and it should not be any problem for the Fund to extend it for two or four days Updated 04 Jan, 2022 09:28am
Print Rs343bn exemptions withdrawn: Rs251bn will be refunded/adjusted to pharma, other sectors ISLAMABAD: Rs251 billion out of total Rs343 billion tax exemptions withdrawn in the Finance Supplementary Bill, ... Updated 04 Jan, 2022 10:10am
Print MPs’ tax directory for 2019 released by FBR: Who paid how much tax? ISLAMABAD: The Federal Board of Revenue (FBR) released its Parliamentarians’ Tax Directory (Tax Year 2019) on... Updated 04 Jan, 2022 09:55am
Markets Import of seeds: growers irked by proposed withdrawal of tax exemption LAHORE: Growers strongly reacted to the proposal of withdrawal of sales tax exemption on import of seeds through... Published 02 Jan, 2022 05:05am
Print Ex-post facto approval given: $4bn foreign commercial loans exempted from tax ISLAMABAD: The Federal Cabinet has granted ex-post facto approval to exempt foreign commercial loans of $ 4 billion... Updated 29 Dec, 2021 10:27am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?