FY23 sales of immovable properties: WHT collection registers 340.5pc growth YoY Federal Board of Revenue releases withholding tax data Updated 29 Nov, 2023 09:51am
Print FBR informs IMF of its plan to register 1m non-filers ISLAMABAD: The Federal Board of Revenue (FBR), Monday, informed the International Monetary Fund (IMF) that tax... Updated 28 Nov, 2023 09:09am
Business & Finance No tax required to be withheld against payments representing discounts, inter-company account settlements LAHORE: No tax is required to be withheld against the payments representing discounts and inter-company account... Published 22 Nov, 2023 05:48am
Print Tax incentives for aviation sector on the cards ISLAMABAD: The caretaker government is likely to announce new tax incentives/ concessions for the aviation sector to... Updated 21 Nov, 2023 09:11am
Print Wrong computation of tax liability: FTO asks FBR to refund excess income tax to taxpayers ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Jah has directed the Federal Board of Revenue (FBR) to refund the... Updated 15 Nov, 2023 09:50am
Print Forex deals: Tax on windfall profits of banks likely ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall... Updated 15 Nov, 2023 09:49am
Print IMF-govt policy-level talks begin ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Monday began policy-level talks with the visiting staff... Updated 14 Nov, 2023 08:18am
Print Locally-produced cars: IMC CE lists factors behind high prices ISLAMABAD: Indus Motor Company (IMC) Chief Executive Ali Asghar Jamali has said issues such as high taxation,... Updated 09 Nov, 2023 03:59pm
Print Goods transporters, oil tanker owners: SRB directs 57 cos to add new category to SST profiles KARACHI: The Sindh Revenue Board (SRB) has directed 57 intercity goods transporters and oil tanker owners to add... Updated 09 Nov, 2023 10:26am
Print Nod from IR Commissioner not needed: Tax returns can be revised within 60 days: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the FBR system is allowing taxpayers to revise... Updated 08 Nov, 2023 10:04am
Print Net-metering consumers: Discos asked to approach FBR for tax applicability issues ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has directed Power Distribution Companies (Discos)... Updated 06 Nov, 2023 09:17am
Print Private medical colleges: FTO directs FBR to probe tax matters ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to obtain information of... Updated 06 Nov, 2023 08:35am
Print ‘Further sales tax’ and ‘extra sales tax’: conflicting FBR accounts cause a great deal of confusion ISLAMABAD: The conflicting legal clarifications of the Federal Board of Revenue (FBR) on the chargeability of extra... Updated 03 Nov, 2023 10:11am
Print Non-filers, documentation of economy: FBR shares strategy with Shamshad ISLAMABAD: The caretaker Finance Minister Dr Shamshad Akhtar has directed the Federal Board of Revenue (FBR) to... Updated 03 Nov, 2023 08:59am
Business & Finance Timely, transparent receipt of taxes, levies: PRA to collaborate with FCCI FAISALABAD: Punjab Revenue Authority (PRA) will fully collaborate with Faisalabad Chamber of Commerce & Industry... Published 03 Nov, 2023 06:11am
Business & Finance FBR receives over 2.9m income tax returns ISLAMABAD: The Federal Board of Revenue (FBR) has received over 2.9 million income tax returns for the tax year 2023... Published 01 Nov, 2023 05:57am
Business & Finance FBR optimistic about Q1 revenue target ISLAMABAD: The Federal Board of Revenue (FBR) is confident to achieve the revenue collection target of Rs 2,683... Published 31 Oct, 2023 05:26am
Business & Finance Recovery under Section 7E: No coercive steps against taxpayers subject to 50pc payment: SHC ISLAMABAD: The Sindh High Court (SHC) has issued a restraining order for not taking any coercive measure against... Published 31 Oct, 2023 05:26am
Print Ultimate beneficial ownership: Requirements more stringent in income tax law than corporate one: expert ISLAMABAD: The requirements of ultimate beneficial ownership as laid down in the Income Tax law are more stringent... Updated 28 Oct, 2023 09:49am
Print High taxes hampering auto industry’s growth: PAAPAM chief KARACHI: The government’s high auto taxes of 37-43% are severely hampering Pakistan’s auto industry growth. This was... Updated 28 Oct, 2023 09:47am
Business & Finance FTO asks FBR to form experts’ team to eliminate fake/flying invoices ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a team of sales... Published 27 Oct, 2023 05:16am
Print Govt closes Q1 with budget deficit of 0.9pc of GDP ISLAMABAD: The government has closed the first quarter of the current fiscal year (July-Sept 2023-24) with a budget... Updated 26 Oct, 2023 09:02am
Print Computer, multimedia, trolley speakers: Customs’ values on import of low-end brands fixed ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of low-end... Updated 26 Oct, 2023 08:44am
Business & Finance Chief Commissioner LTO vows to help resolve issues facing APTMA LAHORE: Syed Mahmood Hussain Jafri, Chief Commissioner Large Tax Office (LTO) Lahore, has assured the Aptma members... Published 26 Oct, 2023 06:08am
Business & Finance ‘Tax authorities have failed to issue supplementary show-cause notice’ LAHORE: Tax authorities allegedly fail to issue supplementary show-cause notice in case taxpayers raise new factual... Published 26 Oct, 2023 06:08am
Print Removal of anomalies in valuation tables: FTO directs FBR to activate ‘DGIP’ ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately activate... Updated 25 Oct, 2023 09:22am
Business & Finance Towel exporters demand payment of sales tax refunds KARACHI: Syed Usman Ali, the Senior Vice Chairman of the Towel Manufacturers Association of Pakistan, has voiced... Updated 25 Oct, 2023 08:47am
Business & Finance KATI apprises E&T Secretary about tax-related issues KARACHI: KATI President Faraz-ur-Rehman has highlighted issues being faced by KATI members regarding property tax... Published 25 Oct, 2023 06:19am
Print FTO summons FBR officials for ignoring tax-related queries Islamabad: The Federal Tax Ombudsman (FTO) has summoned Member Inland Revenue (Operations) Federal Board of Revenue... Updated 23 Oct, 2023 09:03am
Print FBR, Nadra agree to exchange taxpayers’ data ISLAMABAD: The Federal Board of Revenue (FBR) and the National Database and Registration Authority (Nadra) have... Updated 20 Oct, 2023 09:02am