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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

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Conditions for GST payment, tax returns relaxed

ISLAMABAD: The Federal Board of Revenue (FBR) has relaxed conditions for sales taxpayers and requirement to file...

Updated 02 Aug, 2024 09:45am

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Acquired on or after July 1, 2024: No holding period for immovable properties: FBR

ISLAMABAD: The concept of holding period has been done away with for immovable properties acquired on or after July...

Updated 31 Jul, 2024 11:36am

Editorials

The fast-eroding trust of taxpayers

EDITORIAL: A multitude of tax revenue measures introduced in the FY25 budget are unraveling piece by piece. The...

Updated 29 Jul, 2024 07:06am

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Tax refund cases: LHC bars FIA from taking steps against FBR officers

ISLAMABAD: The Lahore High Court (LHC) has barred Federal Investigation Agency (FIA) from taking coercive measures...

Updated 29 Jul, 2024 10:02am

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CTO Islamabad accused of ‘deceiving’ tax system

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad Bench (ATIR) has held that the Corporate Tax Office,...

Updated 29 Jul, 2024 10:01am

Business & Finance

Income tax refunds: Company says taxmen never demanded gratification

ISLAMABAD: A company being assessed at Large Taxpayer Office (LTO) Lahore has informed the Federal Investigation...

Published 29 Jul, 2024 06:37am

Business & Finance

Business processes: PRA taking big leap towards integrated automated solution

LAHORE: The Punjab Revenue Authority (PRA) is all set to launch Punjab Sales Tax on Services Return in August 2024,...

Published 26 Jul, 2024 07:58am

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Field formations blocking refunds on two primary grounds: ATIR

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad Bench (ATIR) held that Federal Board of Revenue’s field...

Updated 26 Jul, 2024 09:01am

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CTO actions undermine taxation system’s integrity: ATIR

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad (ATIR) has declared that actions by the Corporate Tax Office...

Updated 25 Jul, 2024 09:56am

Business & Finance

FTO ensures payment of Rs17bn refunds to 6,000 complainants

LAHORE: The Federal Tax Ombudsman (FTO) has ensured payment of over Rs 17 billion refunds to 6000 complainants over...

Published 23 Jul, 2024 08:29am

Business & Finance

Fitch Ratings told: Over 0.15m retailers registered as new taxpayers: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said more than 150,000 retailers have been registered as...

Published 23 Jul, 2024 06:34am

Opinion

From wheat crisis to food crisis: a reality check

The wheat market in Pakistan has been a subject of intense debate and scrutiny, particularly due to the significant...

Updated 22 Jul, 2024 07:23am

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LHC suspends operation of SRO 350 (I)/2024

ISLAMABAD: Lahore High Court (LHC) has suspended operation of SRO 350(I)/2024 and directed the Federal Board of...

Updated 22 Jul, 2024 08:29am

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Monitoring, recovery of WHT: FBR advised to give field teams access to softwares of banks

ISLAMABAD: The Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) to provide access of...

Updated 16 Jul, 2024 09:32am

Business & Finance

FBR asked to bring all hidden issues before PM immediately

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to immediately bring all...

Updated 15 Jul, 2024 09:23am

Opinion

Middle class on a spinning wheel

Benjamin Franklin’s famous quote, “In this world, nothing can be said to be certain except death and taxes,”...

Published 11 Jul, 2024 07:37am

Business & Finance

Tax dept can’t reject advance tax estimates filed by taxpayer

LAHORE: A taxpayer company has challenged unwarranted recovery of advance tax by the tax department, saying that the...

Published 11 Jul, 2024 06:13am

Business & Finance

Since transactions done thru banking channel the same cannot be termed ‘fictitious’: appellate forum

LAHORE: A tax officer has failed to prove advance against shares as fictitious transactions transacted through...

Published 09 Jul, 2024 06:39am

Business & Finance

Malik Khuda Bakhsh underscores need for broadening tax net

KARACHI: Malik Khuda Bakhsh, Convener of the FPCCI’s Energy Standing Committee and a senior leader in the ...

Published 09 Jul, 2024 06:30am

Editorials

Corrupt practices made acceptable

EDITORIAL: Last month, the Federal Board of Revenue (FBR) suspended two heads of its field formations in Lahore ...

Published 06 Jul, 2024 05:24am

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Non-filers must be brought into the tax net: PM

Seeks a comprehensive action plan with specific goals regarding the digitisation and reforms of FBR

Updated 06 Jul, 2024 07:55pm

Business & Finance

Taxpayers challenge random selection of returns for audit

LAHORE: Taxpayers from sugar industry have challenged the power of Commissioner Inland Revenue (CIR) to make a ...

Published 05 Jul, 2024 03:17am

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FBR, PRAs at loggerheads over harmonization of tax collection

KARACHI: A deepening rift between federal and provincial tax authorities is threatening to undermine efforts to...

Updated 03 Jul, 2024 09:19am

Opinion

Taxation in Pakistan: taxing the untaxed elites

Chris Matthews’s famous quote “Paying tax is not a punishment. It’s a responsibility”. Most developed...

Updated 02 Jul, 2024 06:33am

Editorials

Heading towards the breaking point

EDITORIAL: Finance Minister Muhammad Aurangzeb’s claims at a news conference after parliament passed the budget ...

Updated 02 Jul, 2024 06:27am

Business & Finance

PRA collects over Rs239bn in FY24

LAHORE: The Punjab Revenue Authority (PRA) has achieved a significant milestone in revenue collection during the...

Published 02 Jul, 2024 05:07am

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FY 2023-24: SRB surpasses collection target

KARACHI: The Sindh Revenue Board (SRB) has surpassed its revenue collection target for the fiscal year 2023-24, with...

Updated 01 Jul, 2024 09:15am

Opinion

Finally, the salaried class has spoken

In the first of its kind, the salaried segment of the Pakistani society has decided to go public with their...

Updated 29 Jun, 2024 07:09am