Filing of income tax returns touched 0.58m by end of October
ISLAMABAD: Federal Board of Revenue suffered a setback as number of income tax filers has registered a fall of less than half...
Real estate sector legitimizes Rs290b black money under tax amnesty scheme
ISLAMABAD: The real estate sector tax amnesty scheme has seen people whiten Rs290b of their ill-gotten wealth in a span of three...
Dar directs FBR to issue Rs13bn sales tax refund to exporters
ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar directed Federal Board of Revenue (FBR) to issue sales tax refunds by October 31, 2017,...
ICST blames complicated tax regime for discouraged investment, compliance
ISLAMABAD: Islamabad Chamber of Small Traders on Thursday said that the complicated tax system is not only discouraging investment but it is also...
IPCC tells FBR to release Rs1.82b to Punjab for sales tax claims
Islamabad: Federal Board of Revenue (FBR) has been told to release Rs1.82b to Punjab on cross-adjustment sales tax claims by Inter-Provincial Coordination...
Business community demands withdrawal of withholding tax
LAHORE: Lahore Chamber of Commerce & Industry has demanded of the Federal Board of Revenue (FBR) to withdraw withholding tax on banking...
FBR declines to reveal details of cash rewards paid to officers
Islamabad: Federal Board of Revenue (FBR) has outrightly declined to share details about amount paid as cash rewards to its officers for...
Pakistan’s tax to GDP ratio fell to 12.5pc during FY 2016-17
Karachi: State Bank of Pakistan released its “State of Economy” annual report which cited that the country’s tax to GDP ratio was...
Pakistan’s misplaced tax policy
One of the major features of tax policy under PML-N government has been its incessant focus on expanding Pakistan’s tax net. To...
OECD warns Pakistan of meeting obligations to prevent tax evasion
Islamabad: Organization of Economic Cooperation and Development (OECD) has warned Pakistan of failing to meet its international commitments of preventing tax evasion...
FBR faced Rs20b revenue collection shortfall for July-September quarter
Islamabad: Federal Board of Revenue (FBR) failed to meet its first quarter (July-September) revenue target for financial year 2017-18, reported a local...
KCCI demands extension in returns filing date
KARACHI: Karachi Chamber of Commerce and Industry (KCCI), President, Muffasar Atta Malik has demanded that the last date for filing tax returns...
Withholding tax rate to remain unchanged till December end for non-filers
ISLAMABAD: The federal government has decided to extend the lower withholding tax regime for another three months, without taking the cabinet’s approval...
FBR engages chambers and industry captains in KPK to increase awareness
ISLAMABAD: Federal Board of Revenue (FBR) has stepped up its taxpayer outreach campaign by engaging chambers, banks, power distribution companies and business...
Auto part manufacturers seek removal of regulatory duty on import of steel material
Karachi: A local newspaper reported Pakistan Association of Parts and Accessories Manufacturers (PAAPAM) Chairman Mashood Ali Khan urged the government to put...