Telecom companies paid Rs42,549b taxes during last five years
Islamabad: Pakistan’s telecom companies are said to have paid an amount of Rs 42,549.3 billion tax during last five years.
The major contribution in...
Cabinet approves to amend existing conventions between Pakistan, Turkey, Finland, Italy and Bahrain for tax information exchange
Islamabad: Federal cabinet has approved to amend the existing convention between Pakistan, and Turkey, Finland, Italy and Bahrain for the avoidance of...
Pakistan’s tax revenue stood at 12.6pc of GDP in 2016 says: ADB
Islamabad: Pakistan's total tax revenue experienced gradual increase from 10.6 per cent of Grand Domestic Product (GDP) in the year 2000 to...
Corporate tax discouraging investment, industrial expansion says: FPCCI
Islamabad: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Monday said the corporate tax is discouraging investment and industrial expansion, therefore, it...
WB to assist FBR in making its tax system robust
Islamabad: The Federal Board of Revenue (FBR) is set to receive help from World Bank which would help the tax watchdog in...
PBC asks PM to offer tax amnesty scheme to help bolster declining forex reserves
Islamabad: Pakistan Business Council (PBC) has requested the government to offer tax amnesty scheme for resident and non-resident Pakistani’s which could be...
FBR failed to take action against 330 individuals reported for money laundering
Islamabad: The State Bank of Pakistan’s Financial Monitoring Unit (FMU) last year had accused 330 people of having laundered money abroad, but...
More than 50pc registered companies said not to have filed their income tax returns
Karachi: According to sources in the Federal Board of Revenue (FBR), more than 50pc of the companies registered with the tax authorities...
Tax Directory 2016: HBL, MCB top tax payers list
Islamabad: The tax directory prepared by the Federal Board of Revenue for 2016 and released by the Finance Minister Ishaq Dar on...
PTAA urges PM to rein in FBR’s unjustified tax demands
Islamabad: Pakistan Tax Advisors Association (PTAA) has sought the help of Prime Minister Shahid Khaqan Abbasi to refrain the Federal Board of...
Dar to unveil electronic transfer system today for RPO funds transfer to exporters
Islamabad: In an event to be held today at the Federal Board of Revenue, the Finance Minister Ishaq Dar will unveil an...
Big retailers to be brought into tax net says: FBR
Karachi: Big retailers of the country are now being targeted by the Federal Board of Revenue as it sought to take action...
FBR defers plan to increase property valuation rates
Islamabad: In light of the political instability and volatility in the country, the Federal Board of Revenue has for the time being...
FBR fails to meet tax collection target for FY 2016-17
Islamabad: The Federal Board of Revenue (FBR) did not meet its tax collection target for last financial year 2016-17.
While speaking to the...
We need to revisit the whole taxation system
Dr Muhammad Irshad superannuated as Chairman FBR/Secretary Revenue Division on the last day of June this year after an illustrious professional career...