Trends - taxpayers - Business Recorder

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

Print

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

Print

Tax fraudsters to face jail

ISLAMABAD: Persons involved in tax frauds would face imprisonment up to five years (tax evaded amount less than Rs 1...

Updated 29 Jun, 2024 02:21pm

Business & Finance

Tax collection: SBP announces special arrangements on 29th, 30th

KARACHI: The State Bank of Pakistan (SBP) has announced the special arrangements for collection of government...

Published 29 Jun, 2024 06:40am

Print

Budget approved by NA ahead of fresh IMF loan

The approved budget includes several amendments from the original proposal presented on June 12

Updated 29 Jun, 2024 02:13pm

Print

Additional taxation steps taken thru amendments to Finance Bill

Surcharge shall be payable by every individual and association of persons at the rate of 10 percent of the income tax imposed under Division-I of Part-I of the First Schedule where the taxable income exceeds Rs10 million

Updated 29 Jun, 2024 07:43pm

Business & Finance

Defined benefit plans: Income tax dept disallows actuarial loss to cellular company

LAHORE: The income tax department has disallowed actuarial loss to a cellular company on its defined benefit plans,...

Published 27 Jun, 2024 06:52am

Editorials

IMF has role in budget: nothing but the truth

EDITORIAL: Prime Minister Shehbaz Sharif stated on the floor of the House after the wind-up speech of the Federal...

Published 27 Jun, 2024 06:52am

Print

Bank deposits: Non-filers can face prospect of 30pc tax

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Atif Ikram Sheikh and...

Updated 25 Jun, 2024 08:28am

Print

Foreign travel ban on non-filers: NICOP holders, minors, students to be exempted

Tax expert questions how FBR would impose ban on non-filers (family members), who are actually dependent on the filer

Updated 24 Jun, 2024 01:33pm

Print

Disposal of immovable property: 15pc flat rate on gain proposed

ISLAMABAD: Finance Bill 2024 has proposed a flat rate of 15 percent on gain from disposal of immovable property...

Updated 24 Jun, 2024 08:41am

Print

Govt assailed for further taxing the salaried class

Lawmakers say imposition of such heavy taxes may lead to an acceleration of brain drain from the country

Updated 22 Jun, 2024 02:10pm

Business & Finance

‘Federal budget appears to be more politically driven’: HCST&SI

HYDERABAD: Muhammad Farooq Shaikhani, President Hyderabad Chamber of Small Traders & Small Industry...

Published 14 Jun, 2024 06:31am

Business & Finance

New section added to ST Act 1990: Concept of ‘investigative audit’ introduced

ISLAMABAD: A major change having far-reaching consequences proposed in the Finance Bill 2024 is the introduction of...

Published 13 Jun, 2024 06:22am

Business & Finance

Return of income Tax: Prosecution for company failing to furnish info proposed

ISLAMABAD: The government has proposed prosecution for any company including banks and association of persons (AOPs)...

Published 13 Jun, 2024 06:22am

Business & Finance

Glitch in IRIS portal: Taxpayers unable to submit applications

KARACHI: A glitch in the IRIS portal has made it impossible for the registered taxpayers to submit applications to...

Published 11 Jun, 2024 03:17am

Pakistan

IHC refers case to FBR chairman on IRIS system glitches

ISLAMABAD: Islamabad High Court (IHC) has referred a case to chairman Federal Board of Revenue (FBR), to address the...

Published 10 Jun, 2024 06:52am

Business & Finance

Move to defend stance before FTO: Taxpayer’s lawyer declared habitual litigant by CTO

ISLAMABAD: The Federal Board of Revenue’s Corporate Tax Office, Islamabad recently adopted an unconventional novel...

Published 07 Jun, 2024 06:24am

Business & Finance

FBR asked to stop harassing taxpayers by demanding individual CPRs

ISLAMABAD: The Federal Tax Ombudsman (FTO) has expressed serious concern that the Federal Board of Revenue (FBR) is...

Published 07 Jun, 2024 06:24am

Pakistan

Delay in payment of refunds major area of concern for FTO’s office: Jah

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has said the taxpayers are fully confident to obtain ...

Published 31 May, 2024 06:58am

Business & Finance

FTO issues instructions to FBR: Field formations should not demand individual CPRs from taxpayers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) that the field formations...

Published 29 May, 2024 06:05am

Print

Upcoming budget: FBR to issue new rules to process pending refund applications

ISLAMABAD: The Federal Board of Revenue (FBR) will issue new rules and regulations in budget 2024-25 to...

Updated 28 May, 2024 08:35am

Business & Finance

FBR asked to adopt all modes of service of notices to taxpayers

ISLAMABAD: The tax advisors have asked the Federal Board of Revenue (FBR) to instruct its field formations to adopt...

Published 28 May, 2024 05:30am

Pakistan

KMU hosts awareness session on taxpayer rights

PESHAWAR: Khyber Medical University (KMU) hosted an awareness session on safeguarding taxpayers’ rights at Dr...

Published 27 May, 2024 05:52am

Business & Finance

Tax officer rejects refund claims against commission paid outside Fata

LAHORE: A taxation officer has rejected refund claims against the commission paid to taxpayers for the sale of...

Published 25 May, 2024 06:33am

Print

11,252 SIM cards of non-filers blocked so far

ISLAMABAD: The Federal Board of Revenue (FBR) has so far blocked 11,252 SIMs of non-filers of income tax returns....

Updated 24 May, 2024 09:17am

Print

FBR to issue uniform tax recovery rules in budget

ISLAMABAD: The Federal Board of Revenue (FBR) will issue uniform sales tax, income tax and federal excise recovery...

Updated 23 May, 2024 09:16am