Pakistan tweaks rules in accordance with OECD to restrict tax avoidance
ISLAMABAD: Pakistan has tweaked its legal framework in accordance with Organization for Economic Cooperation and Development (OECD) for restraining tax avoidance by...
Income tax exemptions for inward remittances be limited to Rs10m annually: SBP
ISLAMABAD: A presentation by State Bank of Pakistan to Senate Standing Committee on Finance suggested income tax exemption available for inward remittances...
Islamabad “crown-jewel” of real estate investment, FBR investigation reveals
ISLAMABAD: The Federal Board of Revenue (FBR) has carried out a survey to ascertain the amount of money being invested in Islamabad’s...
FBR collects Rs579mn less tax from mobile phone operators
ISLAMABAD: The Federal Board of Revenue (FBR) failed to maintain last year’s performance on the collection of withholding tax from mobile phone operators...
FBR overlooks tax case against Grand Hyatt allottees
ISLAMABAD: The high ups of Federal Board of Revenue (FBR) have overlooked a tax case against the buyers of Grand Hyatt apartments,...
Domestic revenue mobilisation only reliable resource for countries to fight poverty: Dr Ayesha Ghous
LAHORE: Punjab Finance Minister Dr Ayesha Ghous Pasha has said that domestic revenue mobilisation is the only reliable and sustainable resource for...
Sales tax refund process will begin this month: Miftah
KARACHI: Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Miftah Ismail, has said sales tax refund process will be started...
Federal budget 2018-19 to be business friendly: Rana Afzal
FAISALABAD: State Minister for Finance Rana Muhammad Afzal Khan on Saturday said the federal budget 2018-19 will be business friendly and utmost...
OECD treaty regulations bar member nations from prosecuting its nationals
ISLAMABAD: According to regulations of the Organisation for Economic Co-operation and Development (OECD) agreement, no member nation can prosecute its nationals for having...
Govt appreciates budget proposals from tax bar bodies: Haroon Akhtar
ISLAMABAD: Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan has said the government values the contribution of tax bar associations...
FBR investigating fund manager to “unearth” Pakistani investors in UAE’s realty
KARACHI: The Federal Board of Revenue’s, Regional Tax Office in Karachi has enlisted the help of a fund manager to find out...
FBR directed to take strict action against corrupt officers
ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal on Thursday directed Federal Board of Revenue (FBR) to take strict and exemplary...
NA committee recommends tax exemption for ZTBL farmers
ISLAMABAD: The National Assembly Standing Committee on Finance, Revenue and Economic Affairs has recommended income tax exemption to Zarai Taraqiati Bank Limited (ZTBL)...
Senate committee recognises telecom sector‘s contribution
ISLAMABAD: The Senate Standing Committee for Information Technology and Telecommunication has recently recognised the contribution of the telecom sector and appreciated the investment...
FBR squashes telecom company proposal to resolve tax dispute
ISLAMABAD: Telecom companies scheme to resolve tax disputes via Alternative Dispute Resolution Committees (ADRCs) has been outright rejected by Federal Board of...