Tax Collection

Finance ministry denies global lender has agreed to downward revision

Despite winning massive concessions, lower number of traders files tax returns

Mines’ lease-holders have failed to pay Rs51b in tax to the Centre over the last four years

Move aimed at pushing down prices of commodities

Zaidi has been sick since January 9 due to which he had formally excused himself from working

National Assembly continues debate on price hike for third straight day

Punjab minister insists move will not harm public exchequer

Failure to boost tax collection, exports is pushing govt to continue to borrow

Tax authorities have proposed amendments to Incom Tax Rules 2002

Hearing of tax collection dispute between IMC and CDA adjourned

Advisor to PM on Finance grills officials over slow pace of revenue collection

Tells businessmen to bring refund complaints to ombudsman office

Assured FBR officials that they would be fully taken on board on tax reforms

Says uncertainty created by approved plan can be damaging for revenue targets

Shabbar Zaid agrees to take input from all stakeholders after officials caution him of implications

Imran Khan approves full implementation of VAT regime for all business segments over next three years

Shortfall in collection widens to Rs167b in first four months of FY20

Minister says new system will encourage citizens to pay taxes

FTO had sought action against FBR officers involved in vehicle smuggling, sale

Provinces oppose move, arguing services is provincial subject

Says Federal Board of Revenue working on removing tax exemptions to raise revenues

Administrative problems and poor data quality hinder drive

Revenue collection target of Rs388 billion was fixed for Punjab for the current fiscal year 2019-20

Works on avoiding shortfall in targets to meet IMF conditions

They will not be entitled to reduced 14% sales tax if they fail to connect

Say if 2.5% WHT imposed, they will wind up their businesses

Walks a tight rope in meeting IMF target of controlling circular debt

Also falls short of refund target by Rs45b while return filers stand below 450,000

Wide gap may force taxmen to take advances from banks, big firms

Provincial exchequer bags Rs.20.45 billion less in July

Changes definition of resident individuals, will slap 5% penalty on property purchase with cash

In first 17 days, revenue collection stands at Rs170 billion

Officials cite weak monitoring, corruption as key reasons behind low receipts

It will detect tax evasion, end corruption and harassment of taxpayers

Government struggles to search for new avenues for revenue receipts

Despite amnesty schemes, tax base has narrowed instead of widening

Still misses downward revised target by Rs135b

PM Abbasi says plan is to build profiles of potential taxpayers using database

Provincial finance minister speaks at launch of online business registration portal

Currently sending notices to people who have bought properties in plazas, but do not file income tax returns

Author says FBR and SECP need to join hands to broaden the tax base

Only 0.58m returns filed by the end of Oct 31 against 1.21m last year

Low number of return filers forces finance ministry’s hand to allow for more time

Manages to generate Rs24.9b against the set target of Rs49.4b

FBR records collection of Rs449 billion during July and August, growth healthy to meet 2017-18’s target

Budget deficit may also exceed 4.5% of Gross Domestic Product

Experts call for broadening tax base

Share of income tax goes down, FBR provisionally collects Rs2.86tr in 11 months

Ahsan Iqbal says country’s economic volume has gone up to $300 billion

FBR receives Rs1.91tr in Jul-Feb, just 7% higher than previous year