Trends - taxpayers - Business Recorder

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Forging ST returns of registered taxpayers: FTO directs FBR to take action against hackers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take action against...

Updated 30 Dec, 2023 03:14pm

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Beneficial owners of companies: PTBA urges FBR to extend deadline

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has approached the Federal Board of Revenue (FBR) to extend date...

Updated 30 Dec, 2023 10:12am

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‘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

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‘Notices to deceased persons’: PTBA urges FBR to upgrade its system

ISLAMABAD: Pakistan Tax Bar Association of Pakistan (PTBA) has asked Federal Board of Revenue (FBR) to upgrade its...

Published 28 Dec, 2023 04:52am

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Number of active taxpayers reaches 5.3m mark

ISLAMABAD: The number of active taxpayers (ATL) has reached 5.3 million as on December 26, 2023. It is learnt that...

Updated 27 Dec, 2023 09:53am

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$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

Opinion

Non-disclosures & underperformance

Ever year Federal Board of Revenue (FBR) as Revenue Division of Ministry of Finance (MoF), issues data relating to...

Published 22 Dec, 2023 05:22am

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Vying for public office: PTBA urges ECP to forestall tax non-compliant aspirants

KARACHI: Pakistan Income Tax Bar Association (PTBA) has demanded the Election Commission of Pakistan (ECP) to...

Updated 19 Dec, 2023 09:34am

Pakistan

No coercive step can be taken against taxpayers prior to issuance of notice: LHC

LAHORE: The Lahore High Court (LHC) has held that tax authorities cannot take coercive measures against taxpayers...

Published 17 Dec, 2023 03:01am

Business & Finance

Facilitation at business place: FTO directs FBR not to change jurisdiction of taxpayers

ISLAMABAD: The Federal Tax Ombudsman (FTO) Wednesday issued a landmark order on jurisdiction of taxpayers and...

Published 14 Dec, 2023 05:24am

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FBR sets up body to resolve issue of pending refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee for the resolution of pending income tax...

Updated 14 Dec, 2023 09:55am

Business & Finance

Faulty procedure of issuing show-cause notice: Sales tax dept misses tax collection opportunity

LAHORE: The sales tax department missed the opportunity for tax collection because of a faulty procedure of issuing ...

Published 07 Dec, 2023 04:35am

Editorials

Nov economic update: discernable recovery

EDITORIAL: The Finance Division as per practice uploaded the Monthly Economic Update and Outlook for November 2023...

Published 06 Dec, 2023 04:27am

Business & Finance

GDs inspections, PCAs: Material violations fall to 7pc from 8pc in 2022-23: World Bank

ISLAMABAD: The material violations detected from custom inspection and audits decreased from eight percent in...

Updated 06 Dec, 2023 08:42am

Opinion

Things seem to be getting better now

Not only has the clarity about country’s economic indicators, including an increase in foreign exchange reserves ...

Published 05 Dec, 2023 03:01am

Business & Finance

FTO asks FBR to review ED regime

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to review whole regime of...

Updated 01 Dec, 2023 09:12am

Pakistan

FIR registered against ex-CEO DRAP

ISLAMABAD: The Federal Investigation Agency (FIA) Islamabad has registered an FIR against ex-CEO Drug Regulatory...

Published 24 Nov, 2023 05:29am

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FBR-Nadra body tasked to broaden tax base

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday constituted a high-level technical committee of National...

Updated 24 Nov, 2023 09:18am

Pakistan

Directorate of I&I: ‘IOs not following SOPs for issuing call-up notices to money launderers’

LAHORE: The Investigating Officers (IOs) of the Directorate of Intelligence and Investigation (I&I) Inland...

Published 23 Nov, 2023 03:19am

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Non-filers: DTOs authorised to disconnect utility connections

ISLAMABAD: The government on Friday established 145 District Tax Offices (DTOs) across the country for bringing 1.5...

Updated 18 Nov, 2023 08:48pm

Opinion

IMF review & state of economy

I expect an agreement on the review to come within this week, so, any day now. I can say that Pakistani authorities,...

Updated 17 Nov, 2023 06:31am

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Wrong computation of tax liability: FTO asks FBR to refund excess income tax to taxpayers

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Jah has directed the Federal Board of Revenue (FBR) to refund the...

Updated 15 Nov, 2023 09:50am

Business & Finance

PM urged to extend income tax return filing deadline

ISLAMABAD: Tax advisers and tax experts have filed an appeal with the caretaker Prime Minister, Anwar-ul-Haq Kakar,...

Published 11 Nov, 2023 06:30am

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Tax experts explain how FBR implements orders issued by courts

ISLAMABAD: Tax experts have alleged that the Federal Board of Revenue (FBR) implements court orders in favour of the...

Updated 07 Nov, 2023 09:18am

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Sections 111, 122 of Income Tax Ordinance: FBR cannot issue combined notice to taxpayer: IHC

ISLAMABAD: Islamabad High Court (IHC) has ruled that the Federal Board of Revenue (FBR) cannot issue a combined...

Updated 04 Nov, 2023 09:23am

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Shamshad urged to extend tax returns filing deadline

ISLAMABAD: Tax practitioners, tax advisers, chartered accountants and tax experts have requested caretaker Finance...

Updated 02 Nov, 2023 10:01am

Pakistan

Jan-Oct 2023: FTO disposes of 6,703 cases

ISLAMABAD: The Federal Tax Ombudsman (FTO) has disposed of 6,703 cases of taxpayers filed against the Federal Board...

Published 01 Nov, 2023 05:57am

Business & Finance

Recovery under Section 7E: No coercive steps against taxpayers subject to 50pc payment: SHC

ISLAMABAD: The Sindh High Court (SHC) has issued a restraining order for not taking any coercive measure against...

Published 31 Oct, 2023 05:26am

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Salaried individuals: No proposal to change current exemption threshold: FBR

ISLAMABAD: The Federal Board of Revenue (FBR), Wednesday, informed the Senate Standing Committee on Finance that no...

Updated 26 Oct, 2023 09:49am

Business & Finance

‘Tax authorities have failed to issue supplementary show-cause notice’

LAHORE: Tax authorities allegedly fail to issue supplementary show-cause notice in case taxpayers raise new factual...

Published 26 Oct, 2023 06:08am