Tax expert criticises FBR for removing taxpayers’ names from ATL PESHAWAR: A leading tax expert of KP, Muhammad Umair Zeb told Business Recorder on Sunday that Federal Board of... Published 10 Apr, 2023 06:45am
Business & Finance Public complaints, taxpayers’ cases: FTO concerned at FBR’s attitude ISLAMABAD: Federal Tax Ombudsman (FTO) has expressed grave concern over the cold blooded attitude of the Federal... Published 29 Mar, 2023 06:27am
Opinion There’s need for effective, harmonised ADR mechanism The taxation of income and revenue is a complex subject with voluminous laws promulgated to attend to its regulation... Updated 28 Mar, 2023 06:57am
Print Tax evasion: FBR admits it lacks capacity to analyse big data ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that the tax machinery lacks the capacity to analyse big... Updated 28 Mar, 2023 08:46am
Business & Finance Refund settlement: FTO assails unilateral orders against taxpayers LAHORE: The Federal Tax Ombudsman (FTO) has maintained that passing any order related to refund settlement by tax... Published 28 Mar, 2023 06:21am
Business & Finance KTBA requests SRB to reverse ‘portal changes’ KARACHI: Karachi Tax Bar Association (KTBA) has requested the Sindh Revenue Board (SRB) to reverse the change made ... Published 28 Mar, 2023 06:21am
Print FBR to encourage taxpayers to adapt to ADRCs forum ISLAMABAD: The Federal Board of Revenue (FBR) will encourage taxpayers to adapt to the forum of Alternate Dispute... Updated 26 Mar, 2023 10:25am
Print SC says 50pc of deemed IT to be paid till adjudication of pending appeal ISLAMABAD: The Supreme Court granted interim order that only 50 per cent of the deemed income tax be paid at the... Updated 23 Mar, 2023 09:30am
Business & Finance FBR asks its LTOs, MTOs and RTOs to observe extended work hours ISLAMABAD: The Federal Board of Revenue (FBR) has directed all Large Taxpayer Offices (LTOs), Medium Tax Offices... Published 22 Mar, 2023 06:24am
Print Wealthy persons: FBR reluctant to give info about tax payments ISLAMABAD: The Federal Board of Revenue (FBR) is reluctant to disclose vital information regarding tax payments made... Updated 20 Mar, 2023 09:00am
Business & Finance Taxpayers exploiting FTO forum to defeat hierarchy of tax laws LAHORE: Taxpayers are exploiting the forum of Federal Tax Ombudsman (FTO) to defeat a complete mechanism and... Published 18 Mar, 2023 06:14am
Print Telecom sector: FBR to implement single ST return portal as pilot project ISLAMABAD: The Federal Board of Revenue (FBR) has decided to implement the single sales tax return portal initially... Updated 17 Mar, 2023 09:14am
Business & Finance Experts for imposition of tax on Toshakhana gifts on deemed income basis ISLAMABAD: Gifts including jewelry/gold received/purchased by politicians from Toshakhana should be charged to ... Published 17 Mar, 2023 06:16am
Business & Finance Cyclostyle replies against POS integration notices adding to miseries of taxpayers, dept LAHORE: Filing of cyclostyle replies against Point of Sale (POS) integration notices for Tier-1 Retailers (T-1Rs) ... Published 17 Mar, 2023 06:15am
Business & Finance Mobile Facilitation Stations: FBR opens major reform initiative ISLAMABAD: The Federal Board of Revenue (FBR) has launched a major reform initiative by enhancing its outreach... Published 14 Mar, 2023 03:18am
Print Revenue from corporate sector drops 30pc due to massive closures LAHORE: Revenue generation from the corporate sector has dropped by 30 percent due to massive closures, particularly... Updated 12 Mar, 2023 09:59am
Business & Finance Business community fears FBR harassment: survey ISLAMABAD: Business community fears harassment by Federal Board of Revenue (FBR), according to the Taxpayers’... Published 11 Mar, 2023 03:16am
Pakistan FBR officials accused of harassing taxpayers sans justification LAHORE: Consolidated show-cause tax recovery notices by the field formations of Federal Board of Revenue (FBR) are... Published 07 Mar, 2023 03:16am
Print ‘Anomaly’ in FBR’s IRIS system perturbs taxpayers ISLAMABAD: There is some legal/ technical anomaly in the Federal Board of Revenue’s (FBR) “IRIS” system where... Updated 06 Mar, 2023 08:43am
Business & Finance Tier-1 retailers unhappy with direct imposition of ‘highest’ penalty LAHORE: The Tier-1 Retailers (T-1Rs) are offended with direct imposition of the highest degree of penalty by the... Published 05 Mar, 2023 03:36am
Business & Finance FBR to issue legal clarification about scope of builders & developers ISLAMABAD: The Federal Board of Revenue (FBR) will issue a legal clarification whether contractors involved in ... Published 04 Mar, 2023 06:10am
Business & Finance Taxpayers excluded from ATL ‘despite interim relief against deemed income’ LAHORE: Federal Board of Revenue (FBR) has excluded names of taxpayers from the Active Taxpayer List (ATL) despite... Published 03 Mar, 2023 07:21am
Business & Finance FBR’s audit wings accused of violating law on attaching taxpayers’ bank accounts LAHORE: The audit wings of the Federal Board of Revenue (FBR) are violating law related to attachment of bank... Published 01 Mar, 2023 06:21am
Business & Finance FBR head listens to grievances of taxpayers ISLAMABAD: Chairman Federal Board of Revenue (FBR) Asim Ahmad has advised the taxpayers to visit their nearest... Published 25 Feb, 2023 06:23am
Print Industries/sectors earning over Rs300m: SC directs payment of 4pc super tax within a week ISLAMABAD: The Supreme Court of Pakistan (SC) has directed the industries/sectors earning income above Rs300 ... Updated 24 Feb, 2023 08:50am
Business & Finance ST dept accused of violating limitation period with FBR’s approval LAHORE: The sales tax department is violating the limitation period of five years for issuing show cause notices to... Published 16 Feb, 2023 06:08am
Business & Finance FTO terms delay in execution of ATIRs’ orders ‘maladministration’ LAHORE: Federal Tax Ombudsman Dr Asif Mahmood Jah has declared that a delay in implementing the orders of Appellate... Published 15 Feb, 2023 06:27am
Print Non-implementation of single GST return: Provinces to move NTC against FBR ISLAMABAD: Provinces will take up the issue of the delay in the implementation of the single sales tax return system... Updated 12 Feb, 2023 09:42am
Business & Finance FTO terms delay in changing taxpayers’ jurisdiction ‘maladministration’ LAHORE: Inordinate delay in changing the jurisdiction of taxpayers is tantamount to maladministration, said Federal... Published 09 Feb, 2023 06:02am
Business & Finance FTO tells FBR to assist WHT agents through IT solutions ISLAMABAD: The Federal Tax Ombudsman has directed the Federal Board of Revenue (FBR) to facilitate withholding ... Published 08 Feb, 2023 06:10am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?