FBR

PRAL had developed a ‘Weboc’ (Web base done customs) for the convenience of exporters

Experts say number of transactions has gone down by 70%

FBR was granted FWO tax exemption for an indefinite period in 2015: AGP

The meeting was chaired by president RCCI Mian Humayun Parvez

Reviews preparations for sales tax refunds

Most recipients may not respond to the letters, FBR vows to penalise them

Decision taken after govt failed to establish mechanism for subsidy payments

Govt offered amnesty scheme, increased tax rates but to no avail

Rs6 to 7 trillion cannot be brought into tax net overnight: official

Says approval for ordinance not taken from cabinet, violates judgment of SC

Dar said that Imran Khan had not provided any evidence to support his allegations

Justice Shams Mahmood Mirza suspended the notice and sought a reply from the FBR by September 30

Organisation plans to knock Supreme Court’s door for exemption from income tax

Sends letters to over 600, including three scions of Sharif family.

Twenty-two companies are importing DAP, but have not received subsidy

FBR source says letters have also been sent to members of Nawaz Sharif's family

Spinning mills are paying 17% sales tax, 5% WHT; development comes despite textile sector being zero-rated

FBR reaches agreement with Sindh Revenue Board, ends two-month standoff

Expert says taxes will bring transparency, curtail money-laundering

Tax authority says it will keep all commitments made to textile sector

The realty sector of Punjab claims new taxes have led to a fall in federal and provincial revenues

Amount is less than 15% of what it has been withholding to inflate revenues

It’s the third strike call in six months, will disrupt fuel supplies to pumping stations, power generation companies

Multan Chamber points to legal flaws in valuation system

Says FBR makes deductions when it fails to meet revenue targets

FBR terms PTI chief’s allegations speculative and unsubstantiated

The amount is being raised to return taxpayers’ refunds

A NA panel approved an amended version of a bill that prohibits people from keeping assets in the name of others

Govt has proposed to shift it from Karachi to Islamabad 

Statement comes after FPCCI, KCCI said new valuation tables were not ‘acceptable’

Withdraws proposed exemption for charitable and religious trusts

Growth not possible on state-sponsored infrastructure; country needs innovation-led models

Statement comes a day after trade data showed plunge in exports

For misuse of authority in relaxing tax regime for some service providers causing huge losses to national exchequer

Import form module will enable officials to keep track of value repatriated 

Almost all mills claim to directly or indirectly procure wheat from growers to evade 6.5% WHT

Prices have been increased by 15% against the rates fixed by deputy commissioners

FBR officials say company is maintaining 19 undeclared bank accounts

Agents say their ‘bread and butter’ has been put in jeopardy

With effect from July 31, WHT rates will range from 1-4% while CGT rates will range within 5-10%

LHC judge calls for speedy disposal of pending cases

Tax Recovery: LHC quashes FBR notices sent to sugar mills 

News comes amid report of document leak before budget speech

Claims it was the opinion of an individual and was not the finding of report

Tax net has not widened and those who have historically paid their tax dues have repeatedly been ordered to pay more

Foreign currency reserves soar to highest-ever level of $23 billion

Govt resorted to pleas for advance taxes, withholding refunds to meet goalpost

Court restrains board from recovering amount till next hearing

Tax body told to submit cases dismissed for negligence

Country losing revenue due to illicit trade in tobacco sector