MCC Port Qasim collects Rs89bn customs duty in six months
KARACHI:Â Model Customs Collectorate (MCC) Port Qasim has collected customs duty of Rs89 billion during the first half (July-December) of the current fiscal...
ICCI urges govt to avoid burdening existing taxpayers
ISLAMABAD:Â The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to ensure that the compliant taxpayers were not burdened with...
FBR offices to observe extended working hours on Dec 29, 31
All Federal Board of Revenue (FBR) offices would remain open and observe normal working hours on Saturday (December 29) and would observe...
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
FBR mulls developing mobile app for filing online returns
ISLAMABAD:Â The Federal Board of Revenue (FBR), as part of its innovative strategy to increase the tax net, is thinking of developing a...
Special benches constituted to decide tax-related cases
ISLAMABAD:Â Special tax benches have been constituted in the Supreme Court of Pakistan and the Lahore High Court for hearing of tax-related cases,...
FBR sets Monday as deadline to file income tax returns
ISLAMABAD: The Federal Board of Revenue (FBR) has allowed the filing of income tax returns until Monday (Dec 17) owing to the weekend failing...
‘FBR unhappy over national tariff policy’
PM's advisor says FBR's wings are being clipped as its policymaking powers will be shared with finance, commerce divisions
ISLAMABAD:Â As the Ministry...
MNCs continue to flourish amid flawed taxation system
Profits of Philip Morris have doubled since the introduction of highly controversial third-tier tax slab by the former govt
ISLAMABAD: Multinational companies (MNCs)...
Tax department initiates investigation against non-profit organisations
As many as 876 companies are registered with Security and Exchange Commission of Pakistan as NPOs
ISLAMABAD:Â The tax department has initiated an...
IRS officers transferred in a major reshuffling move
ISLAMABAD:Â The government on Friday made a major reshuffling in the tax department by transferring the Inland Revenue Service officers.
According to a notification...
Govt takes away tax policy powers from FBR
A committee has been set up to chart out the legal and technical issues surrounding the decision
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
Property tax increased by 10pc across Punjab
RAWALPINDI:Â The Punjab government has increased the property tax by 10 per cent across the province, it was learnt on Tuesday.
According to media...
‘Govt to waive penalty imposed on late filing of tax returns’
The government on Tuesday decided to waive a Rs20,000 penalty imposed on citizens who recently filed returns for tax years preceding 2017-18.
Minister...