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...
Is Ernst & Young about to exit Pakistan?
Ernst & Young, the global accounting and professional services firm that goes by its brand name EY, is re-evaluating its relationship with...
Budget 2019-20: Salaried class to pay more taxes under PTI govt
Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
Shabbar Zaidi appointed as FBR chairman
Prime Minister Imran Khan on Monday announced that the government has appointed renowned economist and tax affairs expert Syed Shabbar Zaidi as...
17 alleged tax evaders placed on ECL
ISLAMABAD: The Federal Board of Revenue (FBR) has placed 17 people on the exit control list (ECL) owing to "tax evasion".
According to sources,...
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.
FBR seeks info of account holders having deposits above Rs0.5m
The Federal Board of Revenue (FBR) has acquired from the State Bank of Pakistan (SBP) information about bank account holders having deposits...
Non-Filers not allowed to buy immovable property or cars, FBR clarifies
Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of the press which states that the new...
‘Tax on token payments, registration of cars remains unchanged’
Federal Board of Revenue (FBR) has strongly
rebutted the perception that the rate of tax for token payment and registration
of cars has been...
Traders shut down markets across Pakistan
--Most businesses remain shut in Lahore, Karachi, Peshawar and Quetta in protest against ‘unfair’ taxes levied by govt
LAHORE/KARACHI/ISLAMABAD: A countrywide shutter-down strike was...
‘NRPs not required to become filers to open foreign currency bank account’
ISLAMABAD: A non-resident Pakistani is not required to be a filer to open a foreign currency bank account, said the office of the...
Military makes income tax return filing mandatory for promotions
The official stated before the decrease in income tax rates, the army solely was paying nearly Rs398 million a month in income tax on salaries translating into a Rs4.8 billion yearly contribution to the national exchequer
Top 50 taxpayers to dine with PM Imran
Arif Habib, Hassan Mansha and Babar Ali named among top individual taxpayers, whereas top taxpaying companies included PSO, MCB and HBL
The...