income tax
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Tax changes in Budget 2024-25 lead to pay cuts for public, private employees
Higher tax deductions have caused a net decrease in take-home pay, despite nominal pay raises
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Widening tax net: Govt to impose fines, jail terms on unregistered traders
Bank officers to be penalised for failing to provide taxpayer information
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Local experts challenge IMF’s tax plan with innovative reforms
Promises Rs4.1tr revenue boost in 3 years by lowering tax rates, removing exemptions
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55% of capacity of major sectors couldn’t be traced
It leads to evasion of income tax, sales tax and federal excise duty
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IMF pushes for broader tax increases
If the proposal is implemented it is estimated that an additional revenue of Rs4 trillion will be obtained
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Income tax filers drop 35%
Interim govt misses crucial monthly target as FBR fails to expand tax base
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‘Income tax should be universal, not segmented’
Speakers at moot say distinction between filer and non-filer must be abolished
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Govt eyes Rs740b in additional taxes
Rs300b to be collected through petroleum levy
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188 lawmakers didn’t pay income tax for FY2019: FBR
Prime Minister Imran Khan paid Rs8.95 million in income tax
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I have been busy attending to 'guests’: Sonu Sood on tax evasion allegations following raid
According to authorities, the actor is in possession of ‘unaccounted income’ totalling INR 20 crore
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Govt shelves realty sector tax plan
Had proposed amendment to treat gains from property as business income
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50% increase in tax rates on NSS profits announced
Tax rate hike makes National Savings Scheme an unattractive investment
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Govt frees AWT from income tax
Tarin says trust was inserted through separate amendment, was okayed by house
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Budget may do away with some income tax exemptions
Final decisions expected in crucial meeting with IMF next week
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Tax returns from Karachi's low-income markets surprisingly high
FBR could only collect Rs175 from upscale markets in Clifton Block 5
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FBR seeks to lure retailers
Federal Board of Revenue offers simple one-page income tax return form after failure of amnesty scheme
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Two-thirds of Pakistan's filers declare just Rs41,000 monthly income
Tax details break myth that manufacturing sector contributes more than its size
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FY18: 91% of Pakistan's companies paid less than Rs1m in taxes
On average, a salaried individual paid Rs114,000 while a businessman paid Rs131,000 in taxes in FY18
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Business woes ICCI demands release of refunds
Income tax refunds of the business community had been pending with the FBR since 2014-15
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'A high court can dismiss income tax reference'
Dispels misconception that in case of tax reference, a high court has just an advisory jurisdiction
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FBR directed to clear Rs50m tax refunds
Finance adviser asks for adopting clear strategy for release of remaining refunds
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PTI govt writes off Rs90b income tax
Tax exemptions made in favour of charitable organisations
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In Pakistan, large retail store chains win taxation relief
FBR accepts demand of halving withholding tax rates; cuts minimum income tax rate for traders
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FBR seeks proposals from business community
Recommendations to be considered while preparing the next federal budget
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Punjab Revenue Authority tax collection increases 23% in H1FY20
Major business processes of PRA including registration, return filing and tax payments, all are fully automated
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SBP simplifies non-resident companies’ tax regime
Move will encourage investment in long-term debt securities
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Tough decisions: 2019 sees Pakistan economy emerge out of deep waters
IMF’s bailout programme, delayed licence fee payments by telecom operators among others provide relief
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FBR extends tax return filing date
Deadline to file income tax returns for individuals and companies has been extended to December 31, 2019
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Civil servants taste change in take-home pay
Increase in income tax liabilities dampens raise of 5-10% in salaries
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Juggernaut of income tax hike to roll over salaried class
Increase in rates and new slabs means tough time ahead of middle class
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LHC suspends notices for recovery of agri income tax
Petitioner challenges notice issued to collect tax retrospectively
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TRIC suggests 20% income tax for SME sector
Proposes simplified tax regime to bring the sector under tax net
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A welcome exemption
Minister of State for Revenue Hammad Azhar announced the decision of exempting salaried persons
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Govt asked to scrap new form
Last date for filing income tax returns till November 30, 2018
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Slippery customers
It is difficult to find much by way of sympathy for the non-filers.
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Senate panel wants to squeeze salaried class, protect MPs
Recommends up to 100% increase in income tax rates offered earlier by the PM
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Major budget measures to kick in from mid-May
Senate panel endorses govt’s view to let changes come into effect this month
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Economic Survey and the budget
What makes the government think that the private investment will pick up the slack?
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Govt considering taxing ‘gifts’ among non-family members
FBR data shows Rs102 billion was transferred last tax year
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Salaried class to benefit as govt mulls lower income tax rates
If passed, measure will see 90% cut in tax burden on lowest income group; relief is worth Rs67b
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Govt to cut income tax, duty rates in new budget
Finance adviser insists no segment will receive preferential treatment
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Shah Rukh Khan's farmhouse seized by income tax authorities
Actor alleged to have constructed farmhouse for personal use despite giving application for farming
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Deadline to file income tax returns extended by a month
Low number of return filers forces finance ministry’s hand to allow for more time
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Rs120b worth of new tax measures
New taxes imposed in five years add up to Rs1.3 trillion
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Non-filers of tax returns could be burdened further
Dar critical of FBR’s proposals as he doesn’t want to increase taxes in election year
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Federal auditors find 2,000 fake tax refund cases
Additionally, FBR did not levy minimum income tax in hundreds of cases
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FBR faces mammoth task of auditing over 93,000 cases within six months
Highly understaffed audit wing, challenges in courts among problems
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Income tax: LCCI asks govt to extend return filing date
Political uncertainty, difficult online system make it impossible to file returns
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Pending in Punjab: Backlog of 150,000 tax-related cases in courts
LHC judge calls for speedy disposal of pending cases
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Income tax liability: US authorities query Facebook
Income tax liability: US authorities query Facebook