Affluent businesses enjoyed tax exemptions worth Rs540bn
The federal government has given Rs540 billion worth tax exemptions to affluent businesses during the current fiscal year, economic survey documents reveal.
Govt to increase duties on 7,000 imported items, gradual elimination of super tax
Finance bill documents indicate that Federal Board of Revenue (FBR) has suggested decreasing the advance tax on banking transaction for non-filers by 0.4 per cent permanently.
Sindh High Court sets aside FBR suspension notice against Shell Pakistan
FBR had suspended sales tax registration licence of Shell Pakistan for alleged tax fraud
Destiny of super-tax, tax on bonus shares hangs in the balance
ISLAMABAD: As the budget announcement looms on Friday, the authorities are deliberating regarding the destiny of key revenue measures.
A report published in...
FBR contemplates abolishing incentive on overseas loans
KARACHI: The tax regulator is contemplating to abolish an incentive given to banks on advances through their foreign branches.
According to sources in...
Cigarettes prices could rise, as govt mulls raising taxes
ISLAMABAD: The government is contemplating to increase the tax on cigarettes in the upcoming budget for the financial year 2018-19 set to...
Zero-rated tariff on capital goods urged: FPCCI
ISLAMABAD: FPCCI Budget Advisory Council Senior Vice President and Chairman Syed Mazhar Ali Nasir in the budgetary proposals prepared under his guidance...
FBR seeks major raise in FED on sale of cigarettes
KARACHI: The Federal Board of Revenue has recommended a massive rise increase in federal excise duty (FED) on the sale of cigarettes...
FBR suspends notices issued to builders, developers
KARACHI:Â Federal Board of Revenue (FBR) Director General Broadening of Tax Base (BTB) Tanveer Malik, on the request of Association of Builders and...
FBR to miss revenue collection target by a wide margin
ISLAMABAD: The Federal Board of Revenue (FBR) has not been able to achieve the revenue target it set for the current Fiscal Year 2017-18,...
OICCI urges govt to reduce cooperate tax to 25pc in fiscal year 2018-19
ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to reduce cooperate tax to 25 per cent in the...
PRGMEA shows concerns over duty drawback of taxes 2017-18Â
KARACHI: Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chairman Central, Shaikh Mohammad Shafiq has expressed grave concerns about the decreasing trend...
Adaption to technology to generate greater tax revenues: Miftah
ISLAMABAD: Advisor to Prime Minister on Finance, Revenue, and Economic Affairs Miftah Ismail, while talking to a private news channel, has said...
FBR selected 44,868 tax cases through parametric computer ballot
ISLAMABAD: The Federal Board of Revenue (FBR) has selected 44,868 tax cases through parametric computer ballot on Thursday.
Parametric computer ballot as per Audit Policy...
Non-taxpayers to be barred from purchasing real estate after July: Miftah
LAHORE: Adviser to Prime Minister on Finance Miftah Ismail has said that non-taxpayers will not be allowed to purchase real estate in the country...