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...
Govt prepares simplified tax scheme for property developers, builders
ISLAMABAD:Â The government has prepared a simplified tax scheme for property developers and builders, it emerged on Friday.
According to the draft of the...
Apple pays France €500 million in back taxes
Apple is one of several American technology giants in the line of fire in Europe over their tax strategies
Apple said on...
FBR’s revenues to surge to Rs10.5tr by 2023-24: IMF
--'Rapid growth of tax revenues will be ensured through policy measures committed by Pakistani authorities'
ISLAMABAD: The International Monetary Fund (IMF) has...
Amnesty scheme may fail to achieve objectives, says former ICCI president
ISLAMABAD: The recently announced tax amnesty scheme may fail to achieve desired results due to shortcomings in its design, said former ICCI president...
FBR includes foreign income under purview of the amnesty scheme
The FBR told for a resident Pakistani, the disclosure of income in Pakistan must include both within and foreign source
Tax department misses revenue target by Rs158bn
FBR officials say only four per cent of the country’s population pays tax
ISLAMABAD:Â The tax department on Wednesday admitted that it has missed...
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 reforms imperative for economic stability: PM
PM says if the tax collection authority cannot be fixed, he will create a new one
Prime Minister Imran Khan said on...
Tax department likely to go through major reform
The Imran Khan led government is also considering introducing technology-based solutions for the identification of tax evasions and enhance transparency
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...
‘Declared assets cannot be presented as evidence against declarer’
ISLAMABAD:Â Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that the declared assets could not be referred to as evidence for...
FBR appoints national coordinator to implement Benami law
ISLAMABAD:Â The Federal Board of Revenue (FBR) had appointed Nosheen Amjad as National Coordinator for implementation of Benami Transactions (Prohibition) Act, 2017.
The Benami...
‘Tax-evading tobacco companies only paid Rs1.5bn in FY18’
ISLAMABAD:Â The tax-evading tobacco companies have just paid two per cent in taxes (Rs1.5 billion) in the fiscal year 2017-18.
This was stated by...
‘Fair taxation system imperative to make Pakistan an equitable society’
Shabbar Zaidi says policies of previous govts made Pakistan a trading state instead of a semi-manufacturing state
ISLAMABAD: Federal Board of Revenue...