FBR slaps 25% sales tax on high-end local vehicles
New tax rate applies to vehicles priced over Rs 4 million
Revenue collection by FBR increased by 30% during the first 8 months of FY24, is that a good thing?
Breaking down FBR’s “successful” run on the back of high taxes
FPCCI asks FBR to withdraw tax on Immovable property under Section 7E
ISLAMABAD: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has formally asked the Federal Board of Revenue to withdraw tax on...
Super tax declared legal by LHC, reduced to 4% on certain sectors
Over 350 petitioners challenged the super tax's implementation in 2022
Centre, provincial govts agree on harmonisation of GST
Move will help achieve prior actions for World Bank funded RISE programme
Has the country finally embraced a progressive tax regime?
The budget attempts to take a step in the right direction but fails to go any significant distance.
Chairperson NTC assures textile millers of rationalising tariffs on industry inputs
LAHORE: National Tariff Commission (NTC) Chairperson Robina Ather has assured the All Pakistan Textile Mills Association (APTMA) Punjab of rationalisation of tariff...
Tobacco sector lobbying for tax concessions in upcoming budget
LAHORE: As the federal budget approaches the tobacco sector has stepped up its efforts to lobby for tax concessions, amid an economic...
Govt prepares simplified tax scheme for property developers, builders
ISLAMABAD: The government has prepared a simplified tax scheme for property developers and builders, it emerged on Friday.
According to the draft of the...
FBR mulls countrywide expansion of Invoice Monitoring System
In order to curb tax theft, the Federal Board of Revenue (FBR) has decided to expand the scope of its Invoice Monitoring...
Tax officials warned against abuse of power
ISLAMABAD: The Federal Board of Revenue (FBR) officials are defying their chairman's orders by continuing with raids on business premises.
The tax department,...
Won’t tolerate any negligence in tax collection, FBR chief says
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said the country's tax collection ratio has witnessed an increase, which would improve...
FBR amends rules to facilitate SME exports
ISLAMABAD: The Federal Board of Revenue (FBR), through a notification issued on Friday, said it has amended the Export Oriented Units and...
FBR launches software for effective monitoring of tax returns
Federal Board of Revenue Chairman Syed Shabbar Zaidi on Tuesday inaugurated a new software called 'Centralized Sales Tax & FED Assessment &...
Tax evasion notices issued to 6,324 schools, tuition centres in Karachi
The Federal Board of Revenue (FBR) on Tuesday served notices to 6,324 private schools and tuition centres in Karachi for failing to...