tax

High-profile body against putting more burden on sectors already heavily taxed

Analyst says 98% of revenue collected is borne by two companies

Recommends tax application to all entities based on profit levels

Urges govt to expand tax net instead of introducing new taxes

MD Georgieva asks Islamabad not to get into a ‘dangerous place’ of debt restructuring

Senate panel endorsed budget with razor-thin 3-2 majority, gave suggestions

Tax-paying manufacturers fear volumes will shift to tax evaders

KPRA additional collector sheds light on the history of sales tax on services in the province

Ahsan Bakhtawari said that the work on the filtration plant for G-9 Markaz was in progress

Rupee fall helps increase tax collection, expects to give overall boost of Rs180b

Senate resolution recommends tax exemption for ten more years

Researcher says govt could collect additional Rs12-36b with tax on banks’ FX income

Judge says collection of super tax against the law

Taxes raised on petroleum, crude oil and aviation turbine fuel

Target missed due to faulty tax planning, poor state of the economy, low economic growth and tax exemptions to traders

Department’s Rawalpindi region is facing a shortfall of Rs100 million in terms of collection of property tax

Businessmen ask finance ministry to defer collection of tax on deemed income

Says the govt’s decision to charge 10% super tax from selected sectors is “discriminatory”

Chamber also demanded framing of business-friendly policies to facilitate and provide relief to the business community

Official says illegal tube wells will have electricity meters

Delay in settling tax cases causing a huge revenue loss

Incentives include a tax holiday of up to 30 years and a 350% "super-tax deduction" for research and development

Business organisations decide to meet with Rawalpindi Commissioner and deputy commissioner to find a solution

Elected members, landlords term new tax regime unjustified

Apex court rejects FBR's appeals concerning additional tax levied on salaried class

FM raises issue with Miftah; writes letter to PM on exclusion of Foreign Service from 150% executive allowance

FBR changes definition to bring in those people in tax net that stay abroad for over six months in tax year

Tax removal on 61 items including medicines and masks needed to avoid a severe healthcare crisis amid 6th wave

Considers tightening grip on real estate brokers, housing society developers, car dealers

Stocks plunge 2,053 points after PM’s announcement

Finance minister claims govt saved country from default, budget will ease pressure on people

Calls for withdrawing sales tax on pharma raw material; reducing tax rate on bakery items

Senate panel directs FBR to bring legislation in the form of a bill and not through ordinances

Also seeks other measures to bridge gap with IMF by end of month

New budget slaps taxes on salaried person’s expenses on health and life insurance

Rs300b to be collected through petroleum levy

Top court rejects FBR’s plea against LHC order

Recommendations include reducing income tax rates for salaried individuals but increasing corporate tax rates

Mechanism necessary for increasing exports, requires a lucid understanding of the tax-investment-exports nexus

Advance tax rate of prepaid cards hiked to 15% from 10%

Says out of 2.9m tax return filers, 1m have zero taxable income

FBR decides to impose an additional sales tax of 5% to 17% on electricity and gas on customers not registered in ATL

Underlines need for consensus between centre and provinces on tax matters

Electricity, mobile phone connections of non-filers to be disconnected

Proposals to disconnect essential services of non-filers on cards

Reviews progress on integration of retailers into Point of Sales system by FBR

Not providing facility of duty and tax credit to Forex Remittance Card holders

Minister says auto manufacturers will announce reduction through advertisements

The govt hikes the income tax rates on the profits made on savings schemes for National Savings

FBR fails to take notice as share of untaxed money in real estate sector increases