Taxes

Harris pledges to introduce new child tax credit of $6,000 for families with infants, cut taxes for families

In a press conference with Miftah Ismail, former premier calls latest budget the 'worst in Pakistan's history.'

Money bill sails through NA laden with new taxes

People traveling to Middle East and African countries will pay Rs105,000 duty on business or club class air tickets

CAP urges govt to maintain 15% GST rate, support digitalisation to stabilise industry

Experts warn higher taxes will hamper digitalisation, risk brain drain

Adjustments in tax ratios, amendments to bills aim to balance inflation, revenue needs

Budget proposals include imposition of sales tax on mobile handsets below $500 and 75% advance tax on telecom usage

Burden rises because of increase in share of indirect taxes to 85%

Study advocates effective tax policy to curb evasion, provide level playing field

If rich are taxed too much, they will flee for favourable pastures and not pay any taxes

Urge govt to drive adoption with incentives, reduced taxes, more charging ports

Continue vigorous tax collection drive against defaulters to meet 48% of shortfall

Urges Pakistan to tax the salaried, business individuals at a single income threshold

Govt informed of Rs200b revenue shortfall in current fiscal

Collects Rs13b from aviation body, gets closer to 9-month revenue target

Int’l survey says annual economic costs attributable to smoking-related diseases

Lead to 40% decline in production, ineffective T&T system results in losses of over Rs310b

Majority of revenue comes from cash withdrawals and electricity use

PTBA says FBR system sending notices to deceased individuals, defunct companies

Data collected on 1.5 million with taxable income; notices issued to 800,000

Amasses nearly Rs3.5tr, on track to achieve goal set by IMF

Hundreds of FBR employees failed to file tax returns, wealth statements

District offices set up with powers to cut off utility connections of non-filers

Move comes following 21% increase in imports in August compared to July

Rules out more levy on agri, construction sectors

Progressive taxation a humungous problem for political leaders just ahead of polls

Pakistan is a country where ratio of taxes to size of economy remains quite low

Skewed tax system is not likely to work but change will require a lot of effort

Suggests increasing exports to Rs100b within 8 years

Govt also set to increase GST rate to 25% on consumer goods via SRO

Exempts them from taxes on profit earned through investment in T-bills, PIBs

Industry points out higher taxes will also lead to increase in smuggling

Move comes as national carrier fails to pay taxes worth Rs2.86b

Embassy delegation meets SAPM to lend support to foreign beverage firms

Dar says IMF shares MEFP with govt

Urges govt to plug revenue leakages from electricity, gas, loss-making entities

Illegal trade of cigarettes causes annual losses of Rs100 billion to national exchequer

Earlier, revenue board issued rules to divert taxes for paying allowances to taxmen

Simplification of tax system to enhance national tax net and promote business activities

Proposes measures to bridge some of the shortfall in revenue receipts

Corporate Tax Office sets up facilitation desk to address businessmen complaints

It will also review budget proposals, possibility of making FBR autonomous entity

Collects Rs2.69tr in Jul-Nov due to enforcement measures, income tax growth

Customs denies allegations, calling it attempt to malign senior officers

Says taxes impacting growth of IT sector as well

Govt aims to collect Rs9 billion in taxes annually

Policy of taxpayer facilitation and resolution of issues through stakeholder involvement successful

Says revenue board will make up for shortfall through administrative measures

Minister clarified that only the levy was being increased