Minimum taxable income revised in budget
Hammad Azhar says non-filers are no more restricted from purchasing property and can buy an estate of over Rs5m
ISLAMABAD:Â The minimum taxable...
Govt to issue sales tax refund bonds to claimants
In order to facilitate business community and exports, Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh...
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Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
‘Flat tax scheme, rent control act to become reality soon’
ISLAMABAD:Â Ensuring the businessmen of Islamabad that a balanced rent control bill would be presented in the parliament soon, Minister of State for...
‘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...
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
FBR not to tax annual property rent income of up to Rs0.2m
The Federal Board of Revenue (FBR) has clarified the new taxation system for selling open plots and constructed properties under the Finance...
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...
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 &...
Cabinet’s decision to impose health tax set aside in budget
Sources claim that 'an influential lobby in the FBR' had opposed this tax
ISLAMABAD:Â The decision of the federal cabinet to impose health...
FBR automates import of raw materials
ISLAMABAD: The Federal Board of Revenue (FBR) has devised an improved system regarding the issuance of exemption certificates under Section 148 of...
Experts call for tax reforms to achieve economic stability
ISLAMABAD:Â It is deplorable to note that even today; the industry of Pakistan bears 72pc of the tax burden, while 28pc burden was...
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...
Declare your hidden assets or face imprisonment, FBR warns expats in Dubai
Pakistani nationals living in the United Arab Emirates (UAE) were warned on Tuesday to disclose their 'hidden' assets by June 30 to...
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,...