Project-to-project basis: Developers and builders to pay advance tax: FBR ISLAMABAD: The new advance tax imposed on developers and builders would be paid on a project-to-project basis. The... Updated 01 Aug, 2023 09:24am
Print FBR wing unearths Rs1.2bn tax fraud scheme KARACHI: The Directorate of Internal Audit-Inland Revenue-FBR Karachi has made a significant breakthrough in... Updated 01 Aug, 2023 09:26am
Print Number of income tax filers stands at 4.2m ISLAMABAD: The latest number of income tax return filers as per the Active Taxpayers List (ATL) now stood at 4.2... Updated 31 Jul, 2023 09:48am
Print Sale tax law: expert approves of new definition of ‘tax fraud’ ISLAMABAD: The acquirers or possessors (traders) of smuggled/ domestic goods, on which sales tax has not been paid,... Updated 31 Jul, 2023 09:46am
Print Over Rs50,000 cash withdrawals thru credit cards/ATMs: Non-filers to pay 0.6pc WHT: FBR Through Income Tax Circular 2 of 2023, FBR has explained important amendments made in the Income Tax Ordinance, 2001 (the Ordinance) through Finance Act 2023 Updated 30 Jul, 2023 09:49am
Opinion Taxing work and subsidising non-work Turns out that there’s a Salaried Class Alliance (SCA), based in Karachi, which describes itself as a... Updated 27 Jul, 2023 07:00am
Editorials The ‘begging bowl’ challenge EDITORIAL: Prime Minister Shehbaz Sharif pledged to break the “begging bowl” by curtailing government expenses... Published 27 Jul, 2023 06:26am
Print FBR seeks amendment to Sec 2(37) of ST Act ISLAMABAD: The scope of ‘sales tax fraud’ is intended to be enlarged by the Federal Board of Revenue (FBR) by... Updated 27 Jul, 2023 08:56am
Business & Finance Unchallenged income tax demands: FTO orders probe against FBR officials for delay in recovery ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered to conduct an investigation against senior officials of the... Published 27 Jul, 2023 06:26am
Business & Finance FPCCI demands withdrawal of hike in power tariff KARACHI: Echoing the collective concerns of the business, industry and trade community of Pakistan, Irfan Iqbal... Published 27 Jul, 2023 06:26am
Print Supplies to unregistered persons: ‘Further Tax’ rate raised to 4pc ISLAMABAD: The Federal Board of Revenue (FBR) has increased the rate of ‘Further Tax’ from three to four percent on... Updated 26 Jul, 2023 09:08am
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
Business & Finance Pensioners, senior citizens, members of Shuhada families: FBR faces probe for computing wrong income tax liability ISLAMABAD: The Federal Tax Ombudsman (FTO) has decided to conduct an investigation against the Federal Board of... Published 25 Jul, 2023 06:20am
Print Goods under brand name, trademark: Bulk supplies chargeable to GST: FBR ISLAMABAD: The Federal Board of Revenue (FBR) will charge sales tax on bulk supplies of goods made under brand names... Updated 25 Jul, 2023 10:03am
Editorials Tax proposals by the IMF EDITORIAL: The $3 billion nine-month-long Stand-By Arrangement (SBA) approved by the International Monetary Fund... Updated 25 Jul, 2023 06:49am
Print Tax on immovable properties: FBR urged to give taxpayers online declaration option ISLAMABAD: The Federal Board of Revenue (FBR) should introduce an option for the taxpayers in the online declaration... Updated 24 Jul, 2023 09:29am
Business & Finance FBR required to expedite WHT audit of NHA to recover billions of rupees ISLAMABAD: In line with the order of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue’s (FBR)... Updated 24 Jul, 2023 06:47am
Print Dar informs National Assembly: No new tax on agriculture, real estate sectors ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Ishaq Dar said that the government would not impose... Updated 22 Jul, 2023 10:01am
Print Illicit trade: Cigarette makers question FBR’s performance ISLAMABAD: Leading cigarette manufacturers Friday raised serious questions over the performance of the Federal Board... Updated 22 Jul, 2023 09:45am
Editorials Rise in clearance of imports, exports EDITORIAL: The Federal Board of Revenue (FBR) during a meeting with a World Bank mission revealed that it increased... Updated 22 Jul, 2023 06:40am
Opinion Another hybrid body needed to widen the tax net The addition of Special Facilitation Investment Council (SFIC) to the already existing hybrid organization and... Updated 21 Jul, 2023 07:12am
Editorials Power sector challenges EDITORIAL: The IMF (International Monetary Fund) has taken a rather sombre view of Pakistan’s structural issues in... Published 21 Jul, 2023 06:38am
Print Finance bill: Bureaucracy can devise ‘zero tax’ regime Senate Standing Committee on Finance holds meeting under chairmanship of Senator Saleem Mandviwalla Updated 21 Jul, 2023 09:48am
Print Section 4C of Income Tax Ord will only have prospective effect: IHC ISLAMABAD: The Islamabad High Court (IHC) held that Section 4C of the Income Tax Ordinance, 2001 as read down, will... Updated 21 Jul, 2023 09:30am
Business & Finance Rural & urban properties: Introduction of uniform stamp duty in Punjab likely LAHORE: The Punjab government is planning to introduce uniform stamp duty and mutation fee rates for rural and urban... Published 18 Jul, 2023 05:51am
Print CCP analysis on SME sector: ‘Complex regulatory regime pushes up cost of doing business’ ISLAMABAD: The Competition Commission of Pakistan (CCP) has declared that the complex regulatory regime has created... Updated 16 Jul, 2023 09:22am
Business & Finance Khyber Tobacco asks FBR to implement T&T system ‘flawlessly’ ISLAMABAD: A leading national tobacco manufacturer has asked the Federal Board of Revenue (FBR) to implement the... Published 15 Jul, 2023 06:08am
Business & Finance FBR chairman holds E-Khuli Kachehri ISLAMABAD: In line with the government’s vision and as part of FBR’s drive to facilitate taxpayers, Chairman... Published 15 Jul, 2023 06:08am
Print Beverage sector: FBR kicks off process of implementing T&T system ISLAMABAD: The Federal Board of Revenue has started the process of implementing the Track and Trace (T&T) system... Updated 14 Jul, 2023 09:03am
Opinion Tax targets versus tax gap—I “…the FBR’s revenue target has been increased to Rs 9,415 billion, requiring a 31% increase over collection of... Updated 14 Jul, 2023 06:47am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?