tax

SIFC to monitor progress on compulsory scheme, incentives for advance payment

Tax bar chief says Pakistan can learn from China’s tax reforms, dispute resolution

Karandaaz Pakistan to use funds to hire firm to assess best way to digitalise tax system

Those who are registered are not fully compliant with the withholding of sales tax on services

In upcoming budget, this class should be relieved of paying high taxes

Will approach Bill and Melinda Gates Foundation to seek financial assistance

Trainers from FABS delivered an in-depth presentation, elucidating the intricacies of the FABS system

Contractors association decries discrimination

Business community cries foul as caretakers slap 2% cess on all imports into province

12 locations have been selected for setting up general hold-ups at busy intersections of Rawalpindi

Fake stamps and five trucks loaded with sugar were seized in the operation

Pakistan’s capacity to mobilise taxes is greatly under-explored

Interim govt inherited political, economic challenges from predecessor

Congress treasurer Ajay Maken told reporters the party had filed a complaint against the tax department

Flags lack of transparency in board fees, recommends inquiry into 60 SOEs

PML-N, PPP fail to articulate business, people-friendly tax policy in manifestos

Sources say finance minister was warned twice of resentment among field offices

Announces special bonus for them for collecting taxes in excess during Oct to Dec period

Contenders either unregistered or non-filers of income tax returns

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

Supreme Court grants total sales tax amnesty to steel and ghee industries in former tribal areas until June 30, 2024

Suspends windfall tax decision, questions legality, powers of interim setup

With this, industries relying on bank borrowing will get affordable credit

Banks earned extraordinary profits of Rs110b in 2021 and 2022

World Bank asks govt to tax income below Rs50,000, cut Rs500,000 threshold

The FBR maintained that the tax collection target in Sept was Rs799 billion, but it collected Rs834 billion

Pindi’s motor vehicle registration branch suffers Rs80m revenue shortfall

Pakistan Revenue Automation Limited facilitation officer, ex-employee among suspects

Say thousands of businesses, startups rely on international digital services, platforms

Shamshad Akhtar dissatisfied with tax-to-GDP ratio, calls for raising it to 13%

Senior bureaucrat assigned additional charge of secretary Revenue Division

Proposal of 5% tax will primarily affect family-owned companies

FBR reluctant, suggests reviving 10% tax on undistributed reserves

Calls Pakistan one of highest taxed telecom markets globally

Report suggests FBR may again rely on limited number of taxpayers to meet goal

Commission recommends minimum tax on all movable, immovable assets

Goal missed despite introducing mini-budget, steep currency devaluation

FBR chairman gave a presentation on revenue targets and performance of the FBR for the period July 2022 to March 2023

ICB expresses interest in buying Silkbank shares worth €50 million

FBR seeks explanation for not reporting assets held in Houston

Aims to reduce US dependence on China for EV battery supply chains starting April 18

FBR will collect tax from DISCOs on actual amount received from consumers

May compel IMF to demand a cut in expenses or the imposition of new taxes

Says every exporter is being served 10 notices

Say govt’s apathy pushing industries towards collapse

FBR faces tough task of collecting Rs560b in one week to meet revenue target

Businesswomen urged SMEDA to work on strategy

True potential of sales tax is at least double the amount collected last fiscal year

Misses World Bank target to increase revenues to 17% of the economy’s size

Officials seal 11 property units in Pindi, recover Rs3.4m