Tax refund

Lawyer says FTO's orders have been largely ignored

Federal Board of Revenue says sales tax, income tax refunds will help address financial crunch

Official says Pakistan responded to crisis better than other Asian countries

Regret zero-rating was not restored in budget for FY21

External audit required to determine exact quantum due to claims and counter claims

Supreme Court says compensation can be claimed after issuance of refund order

FBR says more than 6,300 refund claims processed under Annexure H

Tells commerce adviser to facilitate in expo centre construction

Body’s chief says restrictions on sending profits overseas will hurt country’s image

Irfan Iqbal Sheikh urged government to ensure early and timely payment of stuck tax refund claims

Additionally, FBR did not levy minimum income tax in hundreds of cases

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

Tax deducted on amount billed instead of actual recovery

Punjab governor looks to soothe business community.