Over Rs25,000 power bill/month: 7.5pc tax to be imposed on non-filers ISLAMABAD: The government has made electricity 7.5 percent more expensive for domestic non-filer consumers whose... Updated 27 Jul, 2021 09:26am
Pakistan Low attendance at FBR ISLAMABAD: Majority of senior tax officials of the Federal Board of Revenue (FBR) including the chairman were on... Published 24 Jul, 2021 04:27am
Print India raids media cos critical of govt NEW DELHI: Indian tax authorities on Thursday raided a prominent newspaper and a TV channel that have been critical... Published 24 Jul, 2021 02:12am
Pakistan Punjab govt extends date for payment of ST on services LAHORE: The Punjab government has extended date for payment of sales tax on services as well as filing of sales tax... Published 18 Jul, 2021 04:14am
Pakistan Withholding agents ‘Reconciliation of statements with declared amounts a must’ ISLAMABAD: The Finance Act 2021 has made it mandatory for the withholding agents to reconcile annual withholding tax... Published 16 Jul, 2021 04:34am
Opinion Levy of additional tax on mobile phone calls I may kindly be permitted to avail your precious space to point out an amazing target of taxation applied in the... Updated 14 Jul, 2021 05:03am
Business & Finance Tax levy on calls exceeding five minutes unlikely to be implemented: Jazz CEO Says there are difficulties around its implementation Users will just adapt and end calls before the 5 minutes are over, adds Aamir Ibrahim Updated 13 Jul, 2021 03:53pm
Business & Finance Multinationals tax shift unlikely until 2022, says Yellen VENICE: US Treasury Secretary Janet Yellen on Sunday said that a newly endorsed mechanism to allow more countries to... Published 12 Jul, 2021 05:26am
Markets US's Yellen says tax changes for large firms may not be ready until 2022 Yellen told a news conference after a G20 finance leaders meeting in Venice in Italy that the OECD Published 11 Jul, 2021 01:49pm
Pakistan Sindh E&T Dept collects Rs99.698bn KARACHI: Sindh Excise and Taxation department has collected Rs. 99.698 billion in the financial year 2020-21 as... Published 10 Jul, 2021 03:42am
Opinion Winners and losers from minimum tax on multinationals G20 finance ministers meeting in Italy will discuss a reform of taxation on multinational firms that is meant to ... Published 10 Jul, 2021 03:42am
Pakistan PPMA demands withdrawal of new tax regime KARACHI: The Pakistan Pharmaceutical Manufacturers' Association (PPMA) has warned that a crisis would emerge with... Published 09 Jul, 2021 04:25am
Pakistan Mobile calls over 5 minutes: Several cabinet members oppose additional tax ISLAMABAD: Several members of the Prime Minister Imran Khan’s cabinet are against the 75 paisa tax on mobile calls... Published 09 Jul, 2021 04:25am
Pakistan Will not be going to any private function with protocol and security, announces PM Imran Says cabinet will decide on a comprehensive policy next week Published 06 Jul, 2021 07:02pm
Markets SNGPL earns Rs5,998m PAT, declares 40pc cash dividend LAHORE: SNGPL has earned profit after tax of Rs.5,998 million and EPS of Rs 9.46 as compared to profit after tax of... Published 06 Jul, 2021 03:48am
Business & Finance Businessmen demand uninterrupted gas supply to industries LAHORE: The Federation of Pakistan Chambers of Commerce and Industry's Businessmen Panel Chairman Mian Anjum Nisar,... Published 05 Jul, 2021 04:57am
Business & Finance FBR issues explanation on minimum turnover tax ISLAMABAD: The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui Southern... Published 05 Jul, 2021 04:57am
Opinion Auto policy: the balancing act A new auto policy is in the offing. Expected price reductions in local and imported cars are making rounds on the... Published 04 Jul, 2021 03:41am
Business & Finance FBR raising huge frivolous tax demands in billions against taxpayers ISLAMABAD: Tax advisers have brought to the notice of the Federal Board of Revenue (FBR) that the FBR's field... Published 04 Jul, 2021 03:41am
Business & Finance Import of capital equipment: New status to enable telecom cos to adjust WHT: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has announced that the declaration of telecommunication sector as an... Published 02 Jul, 2021 04:19am
Pakistan Bilawal criticises policy of taking action against tax defaulters ISLAMABAD: Bilawal Bhutto-Zardari, chairman of the Pakistan People’s Party (PPP), on Wednesday, criticised the... Published 01 Jul, 2021 04:10am
Business & Finance Willful defaults: Amended Finance Bill specifies tax arrest body ISLAMABAD: A committee comprising the finance minister, the chairman Federal Board of Revenue (FBR) and the FBR's... Published 30 Jun, 2021 03:54am
Print Minimum turnover tax: SMEs excluded from purview ISLAMABAD: The government has excluded small and medium enterprises (SMEs) from the purview of minimum turnover tax... Published 30 Jun, 2021 03:54am
Business & Finance Real estate sector: FPCCI suggests abolishing proposed 20pc gain tax LAHORE: Section 203-A of the budget 2021-22, which gives powers to arrest and prosecute any person for concealment ... Updated 30 Jun, 2021 10:38pm
Business & Finance Rs141.4bn tax-free AJK budget announced MUZAFFARABAD: The PML-N led AJK government Tuesday presented tax-free budget for fiscal year 2021-22 here in the AJK... Published 30 Jun, 2021 03:54am
Business & Finance Govt likely to slash ACD, FED on auto-related imports KARACHI: The government is likely to slash Additional Customs Duty (ACD) by 5 percent and Federal Excise Duty (FED)... Published 30 Jun, 2021 03:54am
Business & Finance Experts raise concerns over tax on mobile phone calls KARACHI: The imposition of a new tax of 75 paisa on every 5 minutes on cellular call will be around 38 percent... Published 28 Jun, 2021 04:38am
Print Proposed LNG tax hike: CNG price to go up by Rs6-9 per kg: APCNGA ISLAMABAD: Compressed Natural Gas (CNG) will soon become more expensive with the price increase expected to go up... Published 27 Jun, 2021 03:56am
Pakistan Tax relief extended to cars up to 1,000cc, says Tarin Finance minister says mobile phone calls longer than five minutes will now be taxed at Rs0.75 Announces reduction in tax rates for REITs and dairy sector Updated 25 Jun, 2021 03:51pm
World Spain opens probe into McAfee's death in jail MADRID: Spanish investigators Thursday probed the death of John McAfee who was found in his prison cell after an... Published 25 Jun, 2021 04:20am