‘Revenue drop is due to economic slowdown, less imports’ KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan and the President of Pakistan... Published 11 Sep, 2024 06:31am
Print FBR considering traders’ new proposal to collect advance tax FBR has also agreed to reduce the upper slabs of fixed tax of Rs 60,000 to a reasonable level Updated 10 Sep, 2024 12:57pm
Opinion An intriguing televised address Federal Finance Minister Muhammad Aurangzeb, in a televised address to the nation this Tuesday past claimed that the... Updated 09 Sep, 2024 07:59am
Business & Finance Refund relief given by appellate forums: FTO orders probe against FBR, its wing for violation ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered an investigation against the Federal Board of Revenue (FBR),... Published 08 Sep, 2024 02:42am
Business & Finance MTBA asks ATIR chairman to transfer urgent cases back to Multan Bench ISLAMABAD: The Multan Tax Bar Association (MTBA) has formally requested the chairman of the Appellate Tribunal ... Published 07 Sep, 2024 06:59am
Print FBR amends Federal Excise Rules, 2005 ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday notified the Computerized Payment Receipt (CPR-FE) for... Updated 06 Sep, 2024 09:23am
Business & Finance Current year’s liability: Tax dept fails to object to adjustment of unverified refund LAHORE: The tax department has failed to object to adjustment of unverified refund towards current year’s... Published 06 Sep, 2024 07:04am
Print Fixed tax: Traders ready to pay Rs5,000 per month Sources say traders' demand seems to be unrealistic and impractical to reduce the amount from Rs60,000 per month to Rs5,000 per month, but the FBR will find some way to resolve the issue Updated 05 Sep, 2024 02:11pm
Editorials FBR revenue shortfall EDITORIAL: The Federal Board of Revenue (FBR) acknowledged a shortfall of 98 billion rupees during the first two... Published 03 Sep, 2024 06:27am
Business & Finance PRA notifies operation of Bahawalpur office LAHROE: In line with the directives of the Punjab chief minister, the Punjab Revenue Authority (PRA) has officially... Published 31 Aug, 2024 06:55am
Business & Finance Reintroduction of sales tax on advances: KTBA seeks guidelines on advance invoices’ declaration KARACHI: Taxpayers in Karachi are grappling with significant challenges in paying sales tax and claiming ... Published 31 Aug, 2024 06:55am
Print FBR issues simple tax return form for traders ISLAMABAD: The Federal Board of Revenue (FBR) has issued a simple return form for traders for tax year 2024. In this... Updated 29 Aug, 2024 10:49am
Business & Finance Fair trials: ATIR’s overwhelming caseload threatening taxpayers’ rights KARACHI: The Appellate Tribunal Inland Revenue (ATIR) is facing an overwhelming caseload and insufficient resources... Published 28 Aug, 2024 07:51am
Business & Finance ‘Seeking record after selecting group of taxpayers for audit unlawful’ LAHORE: Seeking record after selecting a group of taxpayers for audit is unlawful, said tax practitioners. They said... Published 25 Aug, 2024 03:05am
Business & Finance Langrial says retrieved data cleansing a must to identify potential taxpayers ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial Wednesday said that cleansing of ... Updated 22 Aug, 2024 07:46am
Business & Finance Tax collection under Finance Act 2024: KTBA urges FBR to clarify new amendments KARACHI: The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to clarify the... Updated 20 Aug, 2024 08:49am
Business & Finance Tax dept has taxed entire undeclared sales shown under ‘amnesty’ LAHORE: The sales tax department has taxed the entire undeclared sales shown in amnesty after the taxpayer failed to... Published 16 Aug, 2024 08:24am
Business & Finance Non-filers, tax evaders: Data sharing among key stakeholders under way: McKinsey ISLAMABAD: The global consulting firm, McKinsey & Company Tuesday informed that data sharing among key... Published 14 Aug, 2024 06:40am
Print FTO concerned about not allowing tax credit to salaried class ISLAMABAD: Federal Tax Ombudsman (FTO) has expressed serious concern that the current withholding procedure of tax... Updated 14 Aug, 2024 10:12am
Business & Finance Deterioration of ATIR working: PTBA urges law minister to form oversight body ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has asked the Minister for Law and Justice to intervene and form... Published 13 Aug, 2024 07:02am
Print Over 58,000 traders registered against 3.2m target Monthly tax payments from traders to start from this month Updated 13 Aug, 2024 11:41am
Print ‘Adventure in the nature of trade’: Burden of proof for taxing lies with FBR: ATIR ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) has ruled that the burden of proof lies with the Federal Board... Updated 12 Aug, 2024 09:21am
Editorials Suffering consumers EDITORIAL: It needs to be said that the government is guilty of either criminal neglect of the suffering fortunes of... Published 10 Aug, 2024 06:51am
Print Mobile SIM blocking: KTBA urges FBR to update list on weekly basis KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to update the SIM... Updated 09 Aug, 2024 09:17am
Print Jurisdiction issue: SC sends back toll manufacturing sales tax case to high court ISLAMABAD: The Supreme Court of Pakistan has referred back the jurisdiction matter for the levy and collection of... Updated 08 Aug, 2024 09:20am
Business & Finance Blacklisting, suspension: FBR empowers CC-IR to review orders ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Chief Commissioners (Inland Revenue) to review the... Published 07 Aug, 2024 05:38am
Print E-compliance for real-time integration: Taxpayers including those in 14 business categories will have to pay heavy cost ISLAMABAD: Taxpayers including those in 14 categories of business enterprises would have to pay heavy cost for... Updated 05 Aug, 2024 10:37am
Print ATIR rules: ‘Islamabad taxmen conducted proceedings in unprofessional way’ ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) has held that Islamabad tax officers have conducted tax... Updated 05 Aug, 2024 09:06am
Print Deductions, tax credits to salaried class, pensioners: FTO directs FBR, AGPR and AG Sindh to allow adjustment ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR), Accountant General of... Updated 04 Aug, 2024 10:10am
Opinion End of the road! “Our hand has now been forced because we have reached a level that if we don’t expand the net and bring the... Updated 03 Aug, 2024 07:26am