FTO advisor vows to redress taxpayers’ grievances PESHAWAR: Sardar Ali Khwaja, Advisor to the Federal Tax Ombudsman (FTO) in Peshawar, reaffirmed the institution’s... Published 29 Apr, 2024 04:49am
Print Sindh to publish names of tax evaders KARACHI: Sindh government has decided to clamp down on tax evaders and drug dealers, and to publish the names of tax... Updated 27 Apr, 2024 08:58am
Business & Finance Upcoming budget: KATI chief for inclusion of agri sector in tax net KARACHI: President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has called for the... Published 27 Apr, 2024 05:03am
Business & Finance JS Bank registers massive 376% jump in profit in 1QCY24 JS Bank Limited (JSBL) posted massive consolidated profit of Rs4.2 billion during the three months ended March 31,... Updated 26 Apr, 2024 09:31pm
Print Tax law amendment bill to prove another piece of ineffective legislation? ISLAMABAD: On the face of it, The Tax Law Amendment Bill, 2024, is all set to prove another piece of ineffective... Updated 26 Apr, 2024 09:20am
Business & Finance Fair market value of subsidiary firms shares: No increase in tax in presence of income from business LAHORE: The tax department could not increase tax in the notional fair market value of the subsidiary company/s... Published 26 Apr, 2024 04:15am
Print Annual rental value property: Sindh govt given three months to legislate on levy of tax ISLAMABAD: The Supreme Court granted three months to the Sindh government to legislate on levy of tax on annual... Updated 26 Apr, 2024 09:21am
Business & Finance Pending litigation cases: nearly 80% amount with Appellate Tribunal, Collectors/Commissioners (Appeal) Contrary to what authorities would have you believe, an amount of nearly Rs2.88 trillion remained stuck in the... Published 25 Apr, 2024 06:57pm
Markets Engro Corp’s profit up 18%, clocks in at Rs10.4bn in 1QCY24 Pakistani conglomerate Engro Corporation Limited (ENGRO) posted a consolidated profit-after-tax (PAT) of Rs10.38... Updated 25 Apr, 2024 09:35pm
Print PM suspends CCIR for ‘deliberate delay in tax cases’ ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday suspended Chief Commissioner-Inland Revenue (IR), Large... Updated 24 Apr, 2024 09:25am
Print Those already registered with sales tax department: Balance sheet filing requirement relaxed Federal Board of Revenue implements stringent conditions for new sales tax registration Updated 20 Apr, 2024 05:38pm
Opinion Section 7E: Constitutional validity Taxing immoveable property and taxing income arising from immoveable property are two different concepts. The former... Published 19 Apr, 2024 05:07am
Business & Finance Tractor supplier failed to recover taxes LAHORE: A supplier of imported tractors has failed to recover extra duties and taxes because of signing a contract ... Published 19 Apr, 2024 05:07am
Markets Letter to finance minister: APTMA calls for ‘export-centric’ policies The All Pakistan Textile Mills Association (APTMA) has called for an “export-centric” programme, stressing that high... Updated 17 Apr, 2024 05:48pm
Pakistan Expert identifies corruption as an impediment to Pakistan’s development ISLAMABAD: “Developing and low-income countries such as Pakistan are struggling to develop due to different types... Published 17 Apr, 2024 05:28am
Opinion Deemed income tax on ownership of vacant plot of land incorrect—V All the arguments and contentions made by the Sindh High Court in the aforesaid order which have been emphasised are... Published 17 Apr, 2024 05:28am
Business & Finance Car dealers demand cut in taxes MULTAN: All Pakistan Car Dealers Association (APCDA) demanded of government to reduce duties, taxes, and ... Published 15 Apr, 2024 03:56am
Print Multiplicity of taxes heavily burdening industrial sector Claim by the manufacturing sector is that while their share in Gross Domestic Product (GDP) is 20 percent yet their contribution in taxes is over 60 percent Updated 15 Apr, 2024 09:41pm
Business & Finance Cigarettes: experts recommend single-tier tax structure ISLAMABAD: To effectively check cigarette consumption in Pakistan, experts and health advocates have strongly... Published 13 Apr, 2024 03:49am
Print Dividends payable to US firm: SC helps settle row over rebate against supertax ISLAMABAD: The Supreme Court of Pakistan has settled the controversy regarding the rebate available against supertax... Updated 10 Apr, 2024 09:49am
Business & Finance FBR urged to address issue: LCCI says concerned at unauthorised visits of officials LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has expressed deep concern over unauthorized visits of ... Published 09 Apr, 2024 05:06am
Print SIFC helps FBR collect Rs6.71trn in Jul-Mar FY24 The government is likely to achieve its Rs 9.415 trillion revenue collection target for 2023-24 Updated 09 Apr, 2024 09:50am
Business & Finance Tajir Dost Scheme: PTBA moves finance minister ISLAMABAD: Pakistan Tax Bar Association (PTBA) has strongly recommended the Finance Minister Muhammad Aurangzeb to... Updated 08 Apr, 2024 09:55am
Print FBR finalises draft Tax Law (First Amendment) Ord ISLAMABAD: The Tax Law (First Amendment) Ordinance 2024 has proposed that the appeals filed before the Appellate... Updated 08 Apr, 2024 08:38am
Editorials The quest for FDI EDITORIAL: World Bank report titled “South Asia Development Update Jobs for Resilience” highlights the existing... Published 08 Apr, 2024 04:46am
Pakistan CRD urges FM to take action against cigarette makers violating laws ISLAMABAD: The Centre for Research and Dialogue (CRD) has asked the Finance Minister Muhammad Aurangzeb for taking... Published 06 Apr, 2024 05:28am
Business & Finance Finance Bill 2024: major changes likely in IR Statutes ISLAMABAD: The Finance Bill 2024 will issue major changes in Inland Revenue Statutes for Harmonization and... Updated 06 Apr, 2024 08:47am
Print FBR approaches AGP for early fixation of cases ISLAMABAD: The Federal Board of Revenue (FBR) has approached Attorney General for Pakistan for early fixation of... Updated 05 Apr, 2024 09:25am
Print Excellence Award: FBR announces privileges, concessions for top taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) has announced privileges/concessions for the top taxpayers, who... Updated 05 Apr, 2024 09:57am
Business & Finance FTO takes notice of illegal recovery by FBR ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken notice of an illegal tax recovery by the Federal Board of... Published 05 Apr, 2024 04:50am
