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)...
Pakistan’s new rulers grapple with an old problem: How to get people to pay taxes
One of the world’s lowest tax collection rates partly help explain the shoddy state of Pakistan’s hospitals and schools, and why the illiteracy rate hovers above 40 percent in the mainly Muslim nation of 208 million people
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...
Govt urged to introduce soft taxation regime for real estate sector
LAHORE: The government must formulate special policies
and introduce a soft taxation regime for the country’s real estate sector.
This was the upshot of...
No action against traders till Sept 30: FBR
Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Thursday held meetings with different groups of traders to discuss taxation-related issues.
"It has...
Thai king exempted from tax on some land properties
BANGKOK: Thailand’s King Maha Vajiralongkorn will be exempt from tax on some of his land property, according to a government announcement.
The king,...
Customs duty exemption on imported phones removed
ISLAMABAD: The customs duty exemption that was previously available on bringing one imported phone to Pakistan has been removed, as per the...
No more raids on business premises: FBR chief
Dr Jehanzaib Khan says he will visit Karachi every month for two days in order to coordinate and interact with the...
Budget aims to promote industrialisation, FBR chief tells traders
--Shabbar Zaidi says department is mulling to charge tax on the basis of electricity bill on shops with an area of 240...
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,...
Female buyers can share CNIC of male relatives: FBR
Female customers who do not want to share their identity card number, or do not have an independent source of income, can...
Tax facilitation centre established in Abbottabad
The Khyber Pakhtunkhwa Revenue Authority has established a regional tax facilitation centre in Abbottabad to help people of the city and adjoining...
17 alleged tax evaders placed on ECL
ISLAMABAD:Â The Federal Board of Revenue (FBR) has placed 17 people on the exit control list (ECL) owing to "tax evasion".
According to sources,...
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,...
FPCCI lauds govt’s efforts in broadening tax net
KARACHI:Â The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) held an emergent meeting of its members at its head office in...