tax

Imports in July stand at $114.01m, 54% higher than in the same month of last year

FBR records collection of Rs449 billion during July and August, growth healthy to meet 2017-18’s target

Asks PRA to improve performance, widen scope of gift schemes

Abbasi calls for encouraging tax-payment culture in the country

In Pakistan, when people are endowed with power, they are likely to abuse it

Accuse taxmen of maladministration, demanding bribes and freezing bank accounts

Until penalties are dealt ubiquitously, it will continue to be a slow process

Says revenue board took a hit of Rs169.7b

Asks govt to cut duties on import of raw material, technology

Says expansion of tax net and structural reforms need attention

Property tax records computerised in 18 districts of the province

Pakistan’s economy may have made some progress, but most of it came on the back of falling oil prices

Justice Mansoor Ali Shah shares details of his tax returns on LHC website, asks lawyers to encourage taxpaying culture

Govt initiates training programme to realise dream of ‘Digital Pakistan’

The government introduced a new goods and service tax in India's biggest-ever fiscal reform

The finance minister had high expectations from the FBR despite tax concessions

Tax refunds of around Rs.300 billion are still withheld by the FBR

Modi held a special midnight session of parliament to launch GST which he called 'a good and simple tax'

Fifteen jurisdictions which previously had a less than satisfactory rating peer reviews against the EOIR standard

A starting point will be to tax 1% of the land-owning elite

Excise dept intends to send proposal to govt once again during the current FY

Claim that no new taxes will be imposed

Says super tax was originally imposed for one year but it has been extended for the third consecutive year

However, Congress will then turn its focus to overhauling the tax code in September

Wants rate to go up from 0.02% to 0.03%, also endorses change in CGT regime

Illegal sale of cigarettes continues, causes Rs40b loss to national exchequer

Does not include Rs50 billion exemption given to IPPs

Proposes government to collect tax on ‘face value’ of bonus shares, not on market value

The package includes exemption of up to 95% of the amount of default surcharge

Department was issuing notices for the recovery of luxury tax on their houses, which was illegal and unconstitutional

Proposal for next fiscal year, however, may not get govt’s seal of approval

Broadening the tax net will generate funds that could be used to finance social welfare projects

Industry provides example of a sector marred by regulator’s failures

Says subsidy should be ended; proposal likely to meet resistance from FBR

Profit or loss, tax rate could go up by 25% to 1.25% of revenue

Seeks 20% sales tax rate for majority population amid differences between finance ministry, FBR

It should not be unreasonable to assume that FBR has awareness of tax status of projects associated with CPEC

FBR considering levy despite industry protests against high tax burden

Govt will not allow FBR to harass foreign investors, says planning minister

10-month revenues sink to a meagre Rs112 million against FBR’s estimate of Rs8 billion.

Asks for level playing field in budget proposals for next fiscal year

It has so far released Rs104 billion out of total subsidy allocation of Rs118 billion

Move meant to collect Rs40b additional tax from new fiscal year

Asks for lower rate on services, agricultural income

Owners of 1 out of every 10 vehicles cleared under 2012 amnesty scheme got away with paying less tax

Budget proposal aimed at accelerating economic growth

Meeting discusses 17 points, including increasing taxes, slaughter houses

Tax authorities became suspicious after withdrawal of more than 300,000 euros in cash from Dutch banks

Request is part of proposals that PBA has submitted to FBR.

FBR moves for a regulated charity sector to weed out extremism