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Business & Finance

FTO takes notice of illegal recovery by FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken notice of an illegal tax recovery by the Federal Board of...

Published 05 Apr, 2024 04:50am

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Excellence Award: FBR announces privileges, concessions for top taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has announced privileges/concessions for the top taxpayers, who...

Updated 05 Apr, 2024 09:57am

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Top taxpayers: Pakistan Honour Card Scheme to be announced

ISLAMABAD: The Federal Board of Revenue (FBR) will announce the “Pakistan Honour Card Scheme” for the top taxpayers...

Updated 02 Apr, 2024 09:42am

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Refund of coercively/illegally recovered amount: Taxpayers are not obliged to follow procedural requirements: IHC

ISLAMABAD: Islamabad High Court (IHC) has declared that the taxpayers are not obliged to follow procedural...

Updated 01 Apr, 2024 09:48am

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PM gives away excellence awards: Award-winning taxpayers to get ‘blue passport’, ‘honour card’

ISLAMABAD: Prime Minister Shehbaz Sharif has announced to give blue passports and honour cards to the award-winning...

Updated 27 Mar, 2024 08:47am

Business & Finance

Siddiqsons Group chairman receives 4th ‘highest taxpayer award’

KARACHI: Prime Minister Shehbaz Sharif presented awards to 65 leading exporters and compliant taxpayers in a ...

Published 27 Mar, 2024 04:38am

Business & Finance

Tax system digitalisation: PTBA says concerned at certain provisions of new SRO

KARACHI: The Pakistan Tax Bar Association (PTBA) has raised concerns over certain provisions of the recently issued...

Updated 23 Mar, 2024 09:00am

Business & Finance

Forex dealers, ECs, others: e-integration with FBR made mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies,...

Updated 23 Mar, 2024 02:52pm

Pakistan

Cable manufacturer challenges ‘automatic selection’ of case

LAHORE: A cable manufacturer has challenged automatic selection of his case for audit, saying that the audit...

Published 22 Mar, 2024 04:57am

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Non-submission of comments: PHC attaches salary of FBR chief?

ISLAMABAD: The Peshawar High Court (PHC) has attached the salary of the chairman of the Federal Board of Revenue...

Updated 20 Mar, 2024 08:46am

Business & Finance

Taxpayer gets reimbursed amount recovered from his bank account

LAHORE: Due to the tax authorities’ failure to specify a reasonable payment timeframe, a corporate taxpayer...

Published 19 Mar, 2024 04:53am

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Manually or electronically: President says taxpayers to get equal treatment

ISLAMABAD: President of Pakistan has ruled that the filers of income tax returns manually would now be able to enjoy...

Updated 18 Mar, 2024 09:54am

Pakistan

Compliant taxpayers, exporters: PM to give away awards on 21st

ISLAMABAD: Prime Minister Shehbaz Sharif has decided to give awards/certificates to compliant taxpayers and ...

Published 17 Mar, 2024 02:49am

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FBR’s applications rejected: IHC asserts its jurisdiction

ISLAMABAD: The Islamabad High Court (IHC) rejecting the applications of the Federal Board of Revenue (FBR) ruled...

Updated 16 Mar, 2024 03:06pm

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PM directs Ministry to explore possibility of Panda Bonds

Directions issued to shore up depleting foreign exchange reserves

Updated 16 Mar, 2024 10:14pm

Business & Finance

Pending refunds: five RTOs comply with FTO’s directives

ISLAMABAD: The Regional Tax Offices (RTOs) of Karachi, Gujranwala, Faisalabad, Lahore and Sialkot have followed...

Published 15 Mar, 2024 04:14am

Business & Finance

Tribunal reduces penalty disproportionate to gravity of sales tax default?

LAHORE: An Inland Revenue appellate tribunal has reduced penalty against defaulter of sales tax owing to...

Published 12 Mar, 2024 04:27am

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‘Collecting funds from IESCO accounts’: IHC issues contempt notices to FBR officials

ISLAMABAD: The Islamabad High Court (IHC) issued contempt notices to the Chief Policy Federal Board of Revenue (FBR)...

Updated 11 Mar, 2024 09:59am

Business & Finance

Reduction in number of active taxpayers raises concerns

KARACHI: The Federal Board of Revenue (FBR) has reported a staggering 41 percent drop in the number of active...

Published 07 Mar, 2024 04:59am

Business & Finance

RTO Rawalpindi disallowed to attach taxpayer’s bank accounts

ISLAMABAD: The Lahore High Court (LHC) Rawalpindi Bench has barred the Regional Tax Office (RTO) Rawalpindi from...

Published 07 Mar, 2024 04:59am

Business & Finance

Attachment of bank accounts: Software co gets amount recovered by tax department reimbursed

LAHORE: A software development company has succeeded in getting reimbursed the amount recovered by the tax ...

Published 23 Feb, 2024 06:36am

Business & Finance

Taxpayers’ disputes with FBR: FTO’s IDRC resolves 347 cases without litigation

ISLAMABAD: The Informal Dispute Resolution of Complaints (IDRC) of the Federal Tax Ombudsman (FTO) has resolved 347...

Published 18 Feb, 2024 03:01am

Business & Finance

FBR chief visits LTO Karachi

ISLAMABAD: Chairman FBR Malik Amjed Zubair Tiwana and Member-IR (Operations) Mir Badshah Khan Wazir visited Large...

Published 17 Feb, 2024 05:51am

Business & Finance

Most FBR representations against FTO rejected

ISLAMABAD: President Arif Alvi has rejected most of the representations filed by the Federal Board of Revenue (FBR)...

Published 16 Feb, 2024 06:02am

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FTO decides Rs17.742bn refund claims in 2023

ISLAMABAD: The Federal Tax Ombudsman (FTO) has addressed the grievances of the taxpayers by processing 8,963 cases...

Updated 15 Feb, 2024 09:51am

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Restructuring plan of FBR: Taxpayers should be inducted into Policy Board: PBC

ISLAMABAD: Pakistan Business Council (PBC) has strongly recommended that the taxpayers (stakeholders) should be...

Updated 05 Feb, 2024 09:34am

Business & Finance

IR CC says issues facing KATI industrialists will be resolved

KARACHI: Imtiaz Ali Solangi, Chief Commissioner of Inland Revenue at the Federal Board of Revenue (FBR), assured...

Published 03 Feb, 2024 05:46am

Business & Finance

Timely return revisions: FBR urged to remove barriers

KARACHI: Tax practitioners and filers have expressed serious concerns over barriers in revising submitted tax ...

Published 03 Feb, 2024 05:46am

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Returns filed on Jan 01: KTBA urges FBR to include corporate taxpayers in ATL 2024

KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to include...

Updated 02 Feb, 2024 09:44am

Business & Finance

Dept fails to recover sales tax against obsolete stock

LAHORE: The sales tax department failed to recover the sales tax amount from a taxpayer against obsolete stock that...

Published 01 Feb, 2024 04:52am