Benefits of tax amnesty scheme won’t last beyond June 2018: Moody’s
LAHORE: Moody’s, the credit rating agency on Thursday in its assessment of the tax amnesty scheme said its benefits may not last...
FBR to now investigate overseas assets without time restrictions
KARACHI: With the recently introduced presidential ordinance Income Tax (Amendment) Ordinance 2018, the one biggest impediment of time restriction of six years...
IMF follows FATF footsteps, voices opposition to amnesty scheme
ISLAMABAD: Voicing concerns over the amnesty scheme being offered in Pakistan, International Monetary Fund said these schemes never achieved their stated objectives.
A...
Punjab’s tax collection rises to Rs32bn from Rs8bn a decade ago: Shuja ur Rahman
LAHORE: Punjab's tax collection has increased to Rs32 billion compared to Rs8 billion a decade ago, on the back of an expanding...
U.S companies were avoiding taxes before the tax cut bill: Report
WASHINGTON: Fifteen U.S. corporations including online retailer Amazon.com Inc, power company Duke Energy Corp and insurer Prudential Financial Inc avoided U.S. tax...
Tough times for ‘unregistered persons’ by FBR in new audit policy
ISLAMABAD:Â The Federal Board of Revenue (FBR) has decided to give tough time to an unregistered person in the new audit policy 2017.
The...
Confidentiality clause in tax amnesty scheme could be in contravention of constitution: Report
ISLAMABAD: A tax consultancy firm said the government’s tax amnesty scheme aims to withhold information of individuals availing could be in contravention...
Tax filing obligatory for individuals having foreign earnings of over $10,000 a year
KARACHI: People earning foreign come of over $10,000 have or having assets worth $100,00 would now be required to file their annual...
Tax evaders data to be provided to FBR within thirty days: Miftah
ISLAMABAD: Adviser to Prime Minister on Finance, Revenue, and Economic Affairs Miftah Ismail, on Friday said that the data of tax evaders...
Tax amnesty scheme to help expand tax net: Haroon
LAHORE:Â Assistant to Prime Minister on Revenue Haroon Akhter Khan said on Friday that the Tax Amnesty Scheme is a big breakthrough and...
PTBA asks govt to establish data mining company
KARACHI: Pakistan Tax Bar Association (PTBA) on Friday called the government to establish a data mining company for maintenance of a centralized...
Approval was not sought for tax amnesty scheme: FATF
ISLAMABAD: Financial Action Task Force (FATF) in a letter addressed to the government has expressed worries over the recently introduced tax amnesty...
Target set to collect maximum tax before announcing next budget: Miftah
ISLAMABAD: Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Miftah Ismail Thursday said the present government had set targets to collect...
ICAP urges govt to bring all sectors of economy to tax-net
ISLAMABAD:Â The Institute of Chartered Accountants of Pakistan (ICAP) recommends that the government bring all sectors of the economy to the tax-net, irrespective...
Swiss bank whistleblower arrested in Spain
MADRID: Spanish police have arrested a former employee of HSBC’s Swiss private bank who was convicted of industrial espionage after leaking clients’...