Pre-budget seminar: Zero -rating regime to continue in near future
While over Rs 100 billion sales tax refunds are yet to be paid to exporters, the government has announced that at least...
Govt considering abolishing GST on fertilisers in budget FY17-18
After finding the process too cumbersome to provide subsidy on fertiliser to growers, the government is considering a major tax proposal to...
A guide to ending tax evasion in Pakistan
No issue in Pakistan currently attracts as much attention as that of tax evasion. On one hand, we have the people of...
Govt to increase tax net: Chairman FBR
Chairman, Federal Board of Revenue Dr Muhammad Irshad on Friday said the government was increasing tax net in the coming budget 2017-18.
He...
Deadlock persists between Tax experts and the authorities over streamlining of penalties
The dispute between tax experts and the tax authorities regarding streamlining on the imposition of penalties on taxpayers for violation of income tax...
Dar directs FBR to soften the approach to taxpayers
Finance Minister Ishaq Dar has directed the tax mandarins to lessen the harassment of taxpayers during the raids and advised maximum facilitation...
FBR likely to introduce 3rd tier taxation for cigarettes
Federal Board of Revenue (FBR) has reportedly approved the draft to introduce 3rd taxation tier for Pakistan’s tobacco industry. FBR is hoping...
Digital Links pleads guilty to tax evasion: FBR
A surveillance equipment supplier Digital Links has admitted to being involved in tax evasion and has decided to pay Rs96.2m of outstanding...
President for effective strategy to resolve tax related issues
The President Mamnoon Hussain on Thursday urged an effective strategy to resolve tax related issues of the people and asked the Federal...
Rs 4 trillion tax revenue target for next fiscal under consideration
Even though the tax-collecting arm of the government, Federal Board of Revenue (FBR) is faced with a difficult task of collecting Rs...
Senate committee calls meeting over FBR’s abuse of power
A meeting of the Senate’s Standing Committee on Finance was held in Islamabad under the Chairmanship of Senator Salim Mandviwala to discuss...
Chambers to hoist black flags until withdrawal of FBR’s ‘discretionary powers’
The Federal Board of Revenue (FBR) has been given a deadline of April 10 by trade and industrial associations across the country...
PSX recommends tax rationalisation
The Pakistan Stock Exchange (PSX) has proposed rationalisation of tax on bonus shares and tax credit on enlistment at the stock exchange...
New software leads to 50pc growth in GST at AG offices
A dedicated software launched across all district accounts offices in July last year has resulted in an impressive 50 per cent growth...
Dar directs FBR to facilitate the voluntary tax payers/filers
Federal Minister for Finance, Senator Mohammad Ishaq Dar has directed the Federal Board of Revenue (FBR) for measures to facilitate the voluntary...