Will the FBR be able to tame the retail sector?
In November 2021, the Federal Board of Revenue issued a list of 608 big retailers which it had categorised as ‘Tier-1.’ These...
Punjab govt fails to collect tax from properties located on national highways, motorways
LAHORE: Despite a lapse of seven months or so, the Punjab Excise, Taxation and Narcotics Control (ET&NC) department has yet to start...
Punjab govt launches property tax portal
LAHORE: The Punjab government launched on Tuesday the property tax portal to enable the citizens to have an online access to their...
Sindh likely to ask FBR to collect withholding tax itself
KARACHI:Â The Sindh government is thinking that the Federal Board of Revenue (FBR) should be told that the provincial Motor Vehicle Registration wings...
FBR says didn’t ask IMF for revision in revenue target
ISLAMABAD: The Federal Board of Revenue has not requested the International Monetary Fund (IMF) for downward revision in the annual revenue target,...
Govt presents tax laws amendment bill in Senate
Amid opposition from the Pakistan People’s Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N), the Pakistan Tehreek-e-Insaf (PTI) government presented draft regulations...
Excise dept reports more than 50pc shortfall due to property tax evasion
LAHORE: Despite huge evasions in property taxes, Punjab’s Excise, Taxation, and Narcotics Control Department (ET&NC) has collected almost Rs6.24 billion in property taxes...
FBR integrates 5,783 PoS in retail taxation
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said it had integrated 5,783 point-of-sale (PoS) of 286 retailers with its database.
The...
Less cars, less revenue for Punjab excise dept
LAHORE:Â Due to a decrease in the production of cars and motorbikes, the Excise Taxation and Narcotics Control (ET&NC) department is facing a...
Govt urged to remove tax anomalies in SEZs
ISLAMABAD:Â The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to remove tax anomalies in the Special Economic Zones (SEZs),...
Customs Intelligence registers FIR against China Pakistan Tobacco for tax evasion
ISLAMABAD: Customs Intelligence has registered an FIR against the China Pakistan Tobacco Ltd, an industrial concern located in Export Processing Zone (EPZ),...
FBR chief rejects rumours, says no tax imposed on edible items
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi said on Friday that no tax has been imposed on edible items, including...
FBR falls Rs556bn short of revenue target
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government, in its first year in power, has failed miserably in achieving the revenue target of Rs4.39...
Reforms to bring economic growth, improve revenue system: PM
ISLAMABAD: Prime Minister Imran Khan on Thursday said the
basic purpose of bringing reforms was to accelerate economic growth, improve
revenue system and restore...
FBR initiates proceedings against undeclared benami assets
--‘Rs70bn collected through Assets Declaration Scheme’
The Federal Board of Revenue (FBR) has initiated proceedings against those who failed to declare their benami...