tax
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Pakistan loses record Rs972.4b in tax exemptions
Significant amount will now be recovered under a deal with the IMF
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Govt to largely abolish PML-N era non-filer regime
Targets four million income tax filers in two years
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Carbon tax
Imposing a new tax for climate change can certainly help generate revenue to fund projects
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Punjab to trim some taxes
Minister insists provinces must mobilise own resources
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FBR to simplify tax regime to broaden tax base
Proposes to offer educational institutions, jewellers, SMEs, builders to pay lower than standard tax rates
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IFC seeks zero-rated tax status for milk
Airs concern dairy sector is not attracting investment due to regulatory issues
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OICCI calls for aligning corporate tax with Asia
Says overall tax burden on companies is about 40% of profit, which increases business cost
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K-P close to meeting tax target for FY 2018-19
Adviser to PM on finance assures K-P govt of providing funds for FATA
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PTI govt asked to reduce imbalance in GST on fertiliser
Fertiliser industry says GST refund on urea has reached Rs21.18b
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GST on sugar may be increased
Imposition of FED on gas, hike in customs duty are also on the cards
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OICCI calls for revamping tax system
Argues such a move will significantly boost tax collection
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Despite exemption, tribal districts still paying power tax
Senator says tribal districts exempted from paying taxes for five years
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Adoption of Chinese model stressed
Briefing given on the proposed tax reforms roadmap based on the Chinese taxation framework
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PTI govt to announce new tax amnesty scheme before May 21
Abdul Hafeez Shaikh announces 4% tax for legalising Benami assets inside the country, 6% for assets abroad
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FBR chief stops freezing of bank accounts without his nod
Syed Shabbar Zaidi says taxpayers must be intimated at least 24 hours prior to taking action
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Govt considering to impose taxes on commercial use of water
The IMC, CDA, ICT and environmental protection agencies are working to devise rules for extracting groundwater
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Revenue staff shuts offices across Sindh
Travel allowance given to staff for collecting tax on horses in British era is still the same today
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PTI govt to reduce duties on raw material in budget
PM aide says farmers and businessmen will be given more relief
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FBR misses tax revenue target by record margin
Shortfall comes amid strategic differences between Pakistan and IMF
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Course correction
Use of pre-paid calling cards and easy load to now be subjected to a 25% tax deduction
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Tax system efficiency
Pakistan needs to simplify its procedure of filing returns by linking NTN numbers with NADRA
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PTI govt may extend duty, tax relief for maritime sector
Ministry suggests 20-year extension in exemptions
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Pakistan's revenue black hole widens to Rs5 trillion
Pakistan's tax-to-GDP ratio stood at 13pc of GDP – half of the potential that the World Bank has worked out
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SC restores taxes on mobile phone cards
Disposes of all interim orders about suspension of taxes on telecommunication services
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FBR notices spark fears
FBR should stop its notices and harassment campaign in the garb of tax collection: RCCI chief
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Pakistan gets duty relief from China like ASEAN states
Beijing will eliminate duty on 313 Pakistani products
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PM Imran struggles to muster cabinet's support for tax amnesty scheme
Sources say key cabinet members consider certain provisions 'against PTI's core values'
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Imran Khan-led govt clears $400m foreign loan to double taxpayers
Approves Sindh BRT, CASA-1,000 and Balakot hydroelectric power projects
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PTI govt set to approve tax amnesty scheme amid challenges
Imran Khan's govt faces resistance from opposition-controlled Senate and FATF
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FBR registers FIR against Shaheen Air for alleged tax evasion
Authority says airline is tax defaulter of Rs955 million
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PTI govt reviews FBR proposal for Rs729b additional taxes
Proposals for budget 2019-2020 already shared with Ministry of Finance and ECC
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PTI govt likely to introduce mobile app for GST collection
App will notify consumers about tax receipt through a simple message
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FBR to implement major tax collection measures
Survey planned to curb evasion, bring wealthy into tax net
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Imran Khan-led govt to withdraw PML-N’s tax amnesty scheme
Tax rates will also be cut to encourage people to declare properties at fair values
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Judiciary, politicians must back tax amnesty scheme: FBR
PTI govt considering regularising only those foreign assets that would be converted to money & remitted to the country
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Elite capture
Short of a revolution, how do societies deal with the elite capture?
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Only 14,000 cases selected by PTI govt for tax audit
Current and previous economic managers engage in war of words over economy
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K-P sets target of Rs50b tax collection by 2023
Khyber Pakhtunkhwa revenue authority collected Rs11b so far in current fiscal
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PTI govt likely to increase tax on cigarettes in budget
With such revenues, it will fund health insurance, disease control programmes
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Asad Umar hints at withdrawing tax exemptions for elite
PTI govt to drastically reduce number of WHT in next budget, including tax on banking transactions: finance minister
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PTI govt announces tax package to boost revenue
Finance Minister Asad Umar says steps afoot to stop unchecked outflow of dollars
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Imran Khan-led govt eyes revenue boost through increased taxes
FBR prepares draft of recommendations for 2019-20 budget
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FBR falls Rs318bn short of achieving tax target
Bureau collects Rs2.7 trillion in taxes against Rs3 trillion nine-month target
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FBR extends office hours to facilitate taxpayers
Office timings extended for Friday and Saturday
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FBR official reveals reasons for revenue shortfall
Stresses authority is determined to bring potential taxpayers in the tax net
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FBR recovers Rs13.5 billion from tax dodgers
Its enforcement, tax net widening drives pick up pace amid criticism
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Going after tax dodgers
It is the state’s responsibility to establish a social-welfare state and not that of the private sector
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FBR: the end is nigh
Prime Minister is convinced that the FBR is a waste that the country can no longer afford
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Pakistan govt fails to set tax recovery target for offshore accounts
So far, only one person has paid tax out of the targeted 152,000 accounts
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Assets in names of kin to be treated as Benami transactions
Law also covers offshore assets if owners are Pakistanis and assets are made by transferring money from Pakistan