FBR sanctions release of Rs6 billion sales-tax refunds in five-year cases
KARACHI: A decision to refund stuck sales tax refunds of Rs6 billion in five-year cases has been given go-ahead by Federal Board...
EU puts 17 tax havens on the blacklist, 47 on notice
The EU has named and shamed 17 countries in its first ever tax haven blacklist and put a further 47 on notice,...
US tax overhaul will increase debt and interest costs
WASHINGTON:  A U.S. tax overhaul will increase the government’s need to issue more Treasuries as interest costs on the country’s debt become...
FBR notches 20pc increase in revenue collection for July-November 2017
ISLAMABAD: Tax collection went up by 20 per-cent during July-November period of financial year 2017-18 touching Rs1.302 trillion, the Federal Board of...
PIA fails to deposit Rs6 billion federal excise duty to FBR
ISLAMABAD: Pakistan International Airlines (PIA) miseries keep worsening as it has been learnt that it failed to deposit Rs6 billion as Federal...
Six per-cent of Pakistani’s paid 79pc of direct taxes during tax year 2016
ISLAMABAD: Data from Tax Directory 2016 revealed a meagre 6pc (65,000 Pakistani’s) of those who filed their income tax returns in tax...
FBR gets significantly more tax filers this year, says Haroon Khan
ISLAMABAD: Special Assistant to Prime Minister on Revenue Haroon Khan has said FBR has been making concerted efforts for the broadening of...
Date further extended for filing of income tax returns
ISLAMABAD: Federal Board of Revenue (FBR) has extended due date for filing of Income Tax Returns/Statements by salaried individuals, other individuals and...
FBR extends super-tax on banks for FY 2017-18
ISLAMABAD: Federal Board of Revenue (FBR) has extended the enforcement of super-tax on banking companies for financial year 2017-18.
And FBR issued SRO...
KCCI demands extension in filing returns up to Dec 31
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik has demanded that the last date for filing Income Tax/Sales...
Complete shutter down strike observed across GB against imposition of taxes
ISLAMABAD: A complete shutter down was observed across Gilgit Baltistan (GB) against the imposition of taxes in the area by Federal Board...
FBR eyeing 1.4mn filers this year, Haroon tells NMC participants
ISLAMABAD: Special Assistant to the Prime Minister on Revenue Haroon Akhtar Khan has described the state of the economy as "healthy and...
Q-Mobile dents national exchequer to the tune of billions
ISLAMABAD:Â Q-Mobile in a bid save a hefty amount of taxes has allegedly caused billions of rupees to the national exchequer by assuming...
FBR unlikely to make headway in Panama leaks investigation
ISLAMABAD: Data pertaining to more than 400 Pakistani citizens who have packed away their wealth abroad won’t offer any benefits, as the...
Indirect tax collection surges to 62pc in July-October
ISLAMABAD: Federal Board of Revenue's (FBR) reliance on indirect tax is increasing day by day as the department has collected 62 per...