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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

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Removal of anomalies in valuation tables: FTO directs FBR to activate ‘DGIP’

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately activate...

Updated 25 Oct, 2023 09:22am

Editorials

SBP report is perhaps a little wanting in charm

EDITORIAL: The State Bank of Pakistan’s (SBP’s) annual report 2022-23 uploaded on its website on Monday, ...

Published 25 Oct, 2023 06:19am

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Recovery of CVT under Finance Act 2022: Taxmen’s orders are without jurisdiction: former FBR chief

ISLAMABAD: All the orders passed by the taxation officers/Inland Revenue officers for the recovery of Capital Value...

Updated 24 Oct, 2023 09:38am

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FTO summons FBR officials for ignoring tax-related queries

Islamabad: The Federal Tax Ombudsman (FTO) has summoned Member Inland Revenue (Operations) Federal Board of Revenue...

Updated 23 Oct, 2023 09:03am

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FBR, Nadra agree to exchange taxpayers’ data

ISLAMABAD: The Federal Board of Revenue (FBR) and the National Database and Registration Authority (Nadra) have...

Updated 20 Oct, 2023 09:02am

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ERS or STARR system: Taxpayers allowed to file non-export-related GST refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed taxpayers to file non-export-related sales tax refunds,...

Updated 19 Oct, 2023 09:36am

Business & Finance

LTO Islamabad directs banks to attach USC accounts

ISLAMABAD: Large Taxpayer Office (LTO) Islamabad has directed banks to attach bank accounts of the Utility Stores...

Published 18 Oct, 2023 06:09am

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Taxpayers’ queries: FTO concerned at FBR Member’s lack of response

ISLAMABAD: Federal Tax Ombudsman (FTO) has regretted that the Federal Board of Revenue (FBR) Member Legal has wasted...

Updated 17 Oct, 2023 08:29am

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I&I-IR detects illegal adjustments of Rs70bn input tax

ISLAMABAD: The Directorate General Intelligence and Investigation Inland Revenue (I&I-IR)’s national...

Updated 15 Oct, 2023 09:37am

Editorials

Sheer blackmail

EDITORIAL: With revenue-specific conditions of the IMF programme necessitating a progressive revision of the tax...

Published 14 Oct, 2023 05:32am

Business & Finance

Money laundering: ‘Taxpayers prefer to challenge jurisdiction of income tax department’

LAHORE: Taxpayers involved in money laundering prefer to challenge the jurisdiction of the income tax department...

Published 14 Oct, 2023 05:32am

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FBR to field DTOs to identify new taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across...

Updated 09 Oct, 2023 09:44am

Pakistan

Orders that may affect taxpayers: SC asks FBR to gazette, display on website

ISLAMABAD: The Supreme Court (SC) has ordered the Federal Board of Revenue (FBR) to gazette all notifications,...

Updated 05 Oct, 2023 09:39am

Opinion

Improving tax compliance

The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax...

Published 03 Oct, 2023 06:02am

Business & Finance

FBR confirms tax return filing deadline extended by 1 month

The Federal Board of Revenue (FBR) on Saturday said the date of date of filing income tax returns for Tax Year 2023...

Published 30 Sep, 2023 11:54pm

Business & Finance

Banks to collect govt receipts, taxes on 30th: SBP

KARACHI: The State Bank of Pakistan (SBP) has announced opening of bank branches for collection of government...

Published 29 Sep, 2023 06:24am

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Tax return filing deadline likely to be extended by 1 month

ISLAMABAD: The Federal Board of Revenue (FBR) may grant a one-month extension in filing of income tax return forms,...

Updated 29 Sep, 2023 09:56am

Business & Finance

Sept tax collection up by Rs20bn in 28 days

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected over Rs 815 billion in the first 28 days ...

Published 29 Sep, 2023 06:24am

Business & Finance

FBR should provide 90 days for submission of tax returns: PTBA

LAHORE: The Pakistan Tax Bar Association (PTBA) has demanded that the chairman of the Federal Board of Revenue ...

Published 29 Sep, 2023 06:24am

Pakistan

SC tells FBR: All notifications must be gazetted and placed on website

ISLAMABAD: The Supreme Court has directed the Federal Board of Revenue (FBR) to ensure that all its notifications...

Published 28 Sep, 2023 05:33am

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IRIS system’s capacity enhanced: Up to 0.6m taxpayers to file tax returns on a daily basis

ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced the capacity of the IRIS system enabling 0.5-0.6 million...

Updated 28 Sep, 2023 10:20am

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FTO orders: FBR devises new strategy for filing review pleas

ISLAMABAD: The Federal Board of Revenue (FBR) has devised a new strategy for filing of review petitions/...

Updated 26 Sep, 2023 08:43am