Tax revenue conundrum EDITORIAL: As expected, the FBR (Federal Board of Revenue) is falling short of ambitious revenues targets in an... Updated 09 Sep, 2024 07:47am
Business & Finance PPWSA seeks concessions in WHT at par with commercial importers ISLAMABAD: The Pakistan Polypropylene Woven Sack Manufacturers Association (PPWSA) has sought similar concessions in... Published 08 Sep, 2024 02:42am
Print In case tax collection shortfall continues: FBR suggests 1pc hike in WHT rates ISLAMABAD: The Federal Board of Revenue (FBR) has proposed one percent increase in all withholding taxes rates from... Updated 03 Sep, 2024 09:18am
Markets India collects $21bn in goods and services tax in August NEW DELHI: India collected 1.75 trillion rupees ($20.87 billion) in goods and services tax (GST) in July, a rise of... Published 01 Sep, 2024 08:14pm
Business & Finance Additional WHT on edibles: KWGA says will observe strike today KARACHI: Karachi Wholesale Grocers Association (KWGA) has announced to hold a shutter-down strike Friday (today)... Published 31 Aug, 2024 06:55am
Business & Finance Personal use of importer’s family: FBR exempts WHT on import of eye drops from France ISLAMABAD: The Federal Board of Revenue (FBR) has exempted withholding tax on import of the medicines and eye drops... Published 30 Aug, 2024 07:49am
Print Cement dealers go on countrywide strike against taxes ISLAMABAD: Cement dealers in Pakistan begin their countrywide strike for an indefinite period against higher... Updated 16 Jul, 2024 01:49pm
Print Monitoring, recovery of WHT: FBR advised to give field teams access to softwares of banks ISLAMABAD: The Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) to provide access of... Updated 16 Jul, 2024 09:32am
Print Property deals, salaries, car purchase: FBR notifies change in WHT provisions New category of late filers has been introduced for persons who are appearing on ATL but have not filed return by the extended due date Updated 10 Jul, 2024 10:24am
Print WHT on cash withdrawals: PM rejects another key revenue step of FBR ISLAMABAD: Prime Minister Shehbaz Sharif has rejected another key revenue measure of the Federal Board of Revenue... Updated 07 Jun, 2024 12:54pm
Print Art/music students: FTO directs FBR not to charge 20-40pc WHT on honoraria ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to stop Punjab Council of... Updated 19 May, 2024 09:31am
Business & Finance Deduction of WHT: Pipe maker fails to shift onus on tax dept LAHORE: A pipe manufacturer failed to shift onus on the tax department against deduction of withholding tax without... Published 02 Mar, 2024 04:16am
Business & Finance WHT return filing through agent not sufficient to prove tax payment: PRA LAHORE: The Punjab Revenue Authority (PRA) has established its tax demand by proving that mere filing of tax return... Published 14 Jan, 2024 03:13am
Print WHT transactions: FBR implements new documentation system Directs withholding agents to install and integrate fiscal electronic devices and softwares for carrying out any transactions liable to withholding tax Updated 23 Dec, 2023 07:43pm
Business & Finance ‘Some Discos claim tax credit without deducting WHT’ LAHORE: Some power distribution companies (Discos) are allegedly claiming tax credit without deducting and ... Published 05 Sep, 2023 06:22am
Print UoSC payment to NTDC: Tax dept issuing notices to Discos for not deducting WHT LAHORE: The Income Tax department is issuing notices to the power distribution companies (Discos) for not deducting... Updated 25 Aug, 2023 09:43am
Editorials What happens when cash reigns supreme? EDITORIAL: In the last decade, authorities had supposedly lent focus to expand documentation of the economy. But,... Published 16 Aug, 2023 05:50am
Business & Finance FBR required to expedite WHT audit of NHA to recover billions of rupees ISLAMABAD: In line with the order of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue’s (FBR)... Updated 24 Jul, 2023 06:47am
Print WHT deduction, monitoring: 34 banks declared SWAPS agents ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as ‘SWAPS’ agents (withholding agents) for the... Updated 18 Jun, 2023 10:05am
Business & Finance WHT system in banking sector: FTO unearths systemic gaps, loopholes ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed systemic gaps and loopholes in the prevalent withholding ... Published 10 Jun, 2023 05:01am
Business & Finance ‘WHT levy based on invoice price’ PAMA voices its concern over budget proposal KARACHI: Local auto assemblers have expressed concerns over a budget proposal for the fiscal year 2023-24, which... Published 03 Jun, 2023 03:52am
Business & Finance Budget proposals: KCCI for adopting ‘novel’ approaches to economic challenge KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions... Published 24 May, 2023 05:57am
Print Imposition of 10pc WHT on sale of shares: Expert identifies ‘serious’ legal flaws in proposed provision of bill ISLAMABAD: There are serious legal flaws in the proposed provision of the Finance (Supplementary) Bill, 2023 on... Published 19 Feb, 2023 03:19am
Print 10pc WHT imposed on sales of shares for documentation ISLAMABAD: The government has imposed a 10 percent withholding tax at the time of sales of shares of the companies... Updated 18 Feb, 2023 08:57am
Print Non-filers: Govt considering imposing WHT on banking transactions ISLAMABAD: The government is considering to impose withholding tax on banking transactions of non-filers of income... Updated 24 Jan, 2023 09:01am
Print Telecom sector: Ministry takes up WHT issue with Finance Division, FBR ISLAMABAD: The Ministry of Information Technology and Telecommunication has taken up the issue of withholding tax on... Updated 24 Nov, 2022 09:41am
Business & Finance WHT on passenger transport vehicles: FBR issues ‘legal’ clarification ISLAMABAD: Taking prompt action on transporters’ complaints, the Federal Board of Revenue (FBR) Wednesday night... Published 01 Sep, 2022 05:50am
Print Exam paper marking work: FTO terms 10pc WHT on teaching community ‘discriminatory’ ISLAMABAD: The Federal Tax Ombudsman (FTO) has declared that the imposition of 10 percent withholding tax by the... Updated 20 Aug, 2022 10:17am
Business & Finance FPCCI for cut in duty on polyester yarn KARACHI: Suleman Chawla, Acting President FPCCI, has proposed that custom duty on polyester filament yarn should be... Published 31 May, 2022 05:11am
Print WHT revision under study to reduce cost of doing business: FBR chief KARACHI: FBR Chairman Dr Ashfaq Ahmad Monday said the federal government is contemplating revising the Withholding... Updated 22 Mar, 2022 09:36am
Capacity-based model transition to take-and-pay model: 24 conditions proposed to strike new deals between govt, IPPs
