Sindh E&T dept lauded for achieving tax targets
KARACHI: Sindh Minister for Excise, Taxation & Narcotics Control and Parliamentary Affairs Mukesh Kumar Chawla on Wednesday lauded the Sindh Excise and...
Budget 2019-20: Salaried class to pay more taxes under PTI govt
Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
‘Issuance, payment of promissory notes expected next month’
FBR chairman says the system will take its own course if people fail to fulfill their tax obligations
FAISALABAD:Â Federal Board of Revenue...
‘FBR focusing on IT utilisation to create interface with taxpayers’
Chairman says FBR will delineate a roadmap that will define taxation principles for the next 10 years
KARACHI:Â Federal Board of Revenue (FBR)...
FBR acquires bank account, property details of govt officials
'The department has collected the data of 16,000 unregistered salaried individuals in Karachi, besides identifying some 2,000 unregistered property owners'
ISLAMABAD:Â The tax...
Differences continue over administrative changes at FBR’s top brass: Report
According to government sources, Prime Minister Imran Khan is unwilling to change FBR Chairman Jehanzeb Khan at this juncture
Govt hopeful of raising tax-to-GDP ratio to 13.9% in next three years
It also forecasts to raise the revenue-to-GDP ratio to 14.6% by 2021-22, including FBR collection and revenue from other sources
Exchange of information treaty between Pakistan, Switzerland becomes effective
On Monday, the tax regulator notified the Statutory Regulatory Order (SRO) 187 (1) 2019 under which the revised Convention on Avoidance of Double Taxation between Pakistan and Switzerland includes revised Article 25 having a more elaborate mechanism for accessing information between the two countries
Govt will require to reduce borrowings from central bank, implement VAT under IMF programme: Report
According to official sources, the IMF will demand to attain a primary balance of budget into surplus, which is presently seeing a huge deficit
TRC decides to refine system for valuation of immovable properties
Hence, it has been agreed upon to survey the likelihood of effectively utilizing the National Database and Registration Authority (Nadra) data for bringing potential people into the tax net
Withholding tax collection from non-banking transaction rises 1% to Rs6.156b during July-Jan FY19
In January, the collection grew 13% to Rs941 million compared to Rs830 million in the same month last year
Business tycoons set to tête-à -tête over dinner with PM Khan
Mian Mansha including his son Hassan Mansha have been invited to the dinner to be hosted by PM Khan
Pakistan in talks with World Bank for assistance in tax system reform
Local reports said that the negotiations include conditions to set up a constitutional body for resolving tax disputes between the central and provincial governments, and also changing tax structure for the agriculture sector
Benami Act to be made operational by February 8th: FBR
Member Inland Revenue Policy, Federal Board of Revenue (FBR) Hamid Ateeq Sarwar said this law would act hard on those who register their properties, bank accounts, or vehicles on other beneficiaries’ name in order to evade taxes
Waiving taxes, duties on cotton imports to cost Rs29 billion to national exchequer: Report
This is in addition to an Rs25 billion gas subsidy extended to five zero-rated export-focused industries of which textile titans are the biggest beneficiaries