Section 214C of ITO 2001: Whole income tax audit selection process not ultra vires to law: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has declared that the whole income tax audit selection process under... Updated 22 Jan, 2024 10:02am
Print Reforms in taxation system demanded PESHAWAR: Members of the business community demanded reforms in the taxation system, and to bring down the ratio of... Updated 22 Jan, 2024 08:55am
Print Tax on banks: FBR mulling hiring legal counsel ISLAMABAD: The Federal Board of Revenue (FBR) is planning to hire expert legal counsel to defend its cases of tax on... Updated 19 Jan, 2024 09:12am
Business & Finance Lasbela Chamber concerned at govt’s ‘flawed’ economic policies KARACHI: Ismail Sattar, President of the Lasbela Chamber of Commerce and Industry (LCCI), has voiced concerns... Published 19 Jan, 2024 05:37am
Print Chairman tells Senate panel on finance: Govt asked to implement FBR restructuring within 30 days ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana, Wednesday, informed the Senate Standing... Updated 18 Jan, 2024 09:52am
Print ‘Further sales tax or extra tax’: FBR fails to deal with legal issue of chargeability ISLAMABAD: The Federal Board of Revenue (FBR) has failed to effectively deal with the legal issue of chargeability... Updated 17 Jan, 2024 08:39am
Print Negative list: FBR excludes many items ISLAMABAD: The Federal Board of Revenue (FBR) has excluded a number of items from the negative list and allowed... Updated 16 Jan, 2024 09:41am
Print Ministries, Divisions told: ‘Submit no summary contrary to IMF commitments’ ISLAMABAD: The Ministry of Finance has barred all ministries/ Divisions from submitting any summary to the Federal... Updated 16 Jan, 2024 02:53pm
Opinion FBR needs to look beyond the salaried class to grow tax collection Budgets seem to be all about providing largesse to the poor and incentives to the industry while reiterating the... Published 16 Jan, 2024 05:44am
Opinion Claims of economic improvement The narrative of the stakeholders today is that there has been a noticeable uptick in various macroeconomic... Published 15 Jan, 2024 05:03am
Print FBR ‘revamp plan’: Will caretakers be able to deal with legislative issues? ISLAMABAD: The proposed Customs Oversight Board and Inland Revenue Oversight Board each would comprise 10 members... Updated 15 Jan, 2024 09:53am
Editorials Remittance inflows EDITORIAL: Home remittances rose by 13.4 percent in December 2023 compared to the same month a year ago - to 2.4... Published 15 Jan, 2024 05:03am
World India’s net direct tax collection rises 19.4% yoy in April-January NEW DELHI: The Indian government’s net direct tax collection has risen 19.4% year-on-year to 14.7 trillion rupees... Published 11 Jan, 2024 05:30pm
Business & Finance 2022-23: Only 61 complaints filed with FTO ISLAMABAD: Only 61 complaints have been filed by the taxpayers against the Federal Board of Revenue (FBR) during... Published 11 Jan, 2024 06:15am
Print 30pc taxpayers have obtained ST registration to get sales tax refunds fraudulently? ISLAMABAD: Around 30 percent of the total sales tax registered persons (397,000) have obtained sales tax... Updated 10 Jan, 2024 10:12am
Business & Finance SRB seals premises of Toro Fitness Ltd KARACHI: The Sindh Revenue Board (SRB) has sealed the premises of M/s Toro Fitness (Private) Limited, located in... Published 09 Jan, 2024 04:18am
Print FBR takes action against 93 tax personnel ISLAMABAD: The Federal Board of Revenue (FBR) has taken disciplinary action against 93 tax officials during 2022-23... Updated 08 Jan, 2024 09:44am
Print ATL data of two FBR wings do not match ISLAMABAD: The data of active income/ sales taxpayers of the Federal Board of Revenue (FBR) IT Wing and Inland... Updated 06 Jan, 2024 09:57am
Opinion Planning a non-austerity, pro-growth IMF programme In its April 2023 flagship World Economic Outlook (WEO) report, the International Monetary Fund (IMF) pointed out... Published 05 Jan, 2024 03:12am
Editorials Broadening tax net: will FBR win big? EDITORIAL: For years, FBR (Federal Board of Revenue) has tried and failed to expand the tax base, leading to an... Updated 05 Jan, 2024 12:02pm
Print Smuggling, non-duty paid vehicles: LEAs, Intelligence personnel entitled to FBR cash rewards ISLAMABAD: The officers of the law enforcement agencies and intelligence agencies would now be entitled to cash... Updated 04 Jan, 2024 08:55am
Print Input tax adjustment: FBR extends date for proposals on ‘HS codes’ new list ISLAMABAD: The Federal Board of Revenue (FBR) has extended date upto January 10, 2024 for leading sectors to submit... Updated 04 Jan, 2024 08:30am
Business & Finance FTO monitoring LTO for timely completion of ongoing audit of MTL ISLAMABAD: The Federal Tax Ombudsman (FTO) is monitoring the Large Tax Office (LTO), Lahore to ensure the timely... Published 03 Jan, 2024 05:32am
Business & Finance FBR says has implemented 94.07pc FTO recommendations in 2023 ISLAMABAD: The Federal Board of Revenue (FBR) has implemented 94.07 percent recommendations of the Federal Tax... Published 03 Jan, 2024 05:32am
Business & Finance Sri Lanka raises taxes ahead of foreign debt deal COLOMBO: Sri Lanka slapped a new 18 percent value added tax (VAT) on fuel, mobile phones and computers from Monday ... Published 02 Jan, 2024 05:21am
Business & Finance Jul-Dec tax collection: FBR surpasses target The Federal Board of Revenue creates history by collecting Rs1,021 billion in December Updated 01 Jan, 2024 09:39am
Print ‘Simultaneous’ probe of same taxpayer: IHC seeks explanation from FBR ISLAMABAD: Islamabad High Court (IHC) has directed the Federal Board of Revenue (FBR) to explain that how different... Updated 28 Dec, 2023 08:53am
Business & Finance Afghan importer recovers entire sale proceeds LAHORE: An Afghan importer has got the entire sale proceeds recovered against the goods neither liable to... Published 26 Dec, 2023 04:30am
Print $400m ‘Pakistan Raises Revenue’ project: World Bank rates implementation progress moderately satisfactory ISLAMABAD: The World Bank has rated the overall implementation progress of Pakistan Raises Revenue project of worth... Updated 26 Dec, 2023 09:11am
Print Income tax returns: FBR warns non-filers of account freeze Starts a countrywide survey of business and commercial units for registration of non-filers Updated 25 Dec, 2023 05:56pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?