tax

Had proposed amendment to treat gains from property as business income

Tarin to head committee empowered to approve arrest of those hiding income

Say users will learn to disconnect and redial before five minutes are up to defeat purpose of this levy

Salt makers request finance minister to reconsider tax proposal as it is essential food item

Say 17% tax will curb growth of the nascent e-commerce platforms

FMPAC chairman says stuck refunds have sparked cash flow challenges

Allies decry heavy taxation on food products as it may cause double-digit inflation

Experts say it will hit low-income segment hard

Gives Rs2b relief to PSX by taxing salaried class’ medical expenses

Finance minister says expenditures estimated on account of income tax, sales tax and customs duty concessions in FY21

Pakistan shares blueprint with IMF on achieving Rs5.829tr tax target

Proposal to increase tax on fertiliser, import of crude oil under review

Meet industries minister to discuss budget proposals

Tax proposals being fine-tuned ahead of meeting with IMF staff

Excise and Taxation Dept collects Rs1.4b property tax in 10 months of current fiscal

Decision to withdraw property and tariff tax discounts offered during last year’s economic shutdown

Suggest setting up warehouses at borders to uplift trade with neighbouring countries

Expresses reservations over govt’s plan to impose taxes worth Rs290b

The move will fall in direct conflict with the incumbent government’s Digital Pakistan Vision

Gives sweeping income tax concessions to local and overseas Pakistanis through new ordinance

Body will highlight revenue leakages, suggest measures to boost tax collection

Receipts expected to ease in the current financial year that ends next month to between 71.1 billion and 75.7 billion

SAARC CCI chairman says out of-court settlement offer will help resolve disputes

Authority collects 10% higher revenue on year-on-year basis

Stakeholders say levy is counter-productive for dealers and distributors

Collects Rs20b more than target on back of higher collection of indirect taxes

Software developers, call centres, telemedicine under net

Declares Section 3 and 4-C of the sale tax act unconstitutional

Country to raise $2b through Chinese currency-denominated bonds, other papers

President Trump took US economy on wild ride even before virus drove it off a cliff

Government allocates Rs2,687 per case to defend Rs1.8tr under litigation

Demand disparities in import duties be addressed to ensure level field

Collects close to Rs2.2 trillion against target of Rs2.21 trillion

Date of fixed tax regime extended till Dec 31; buyers get three more years for disclosure of source of income

Huge amounts will be collected through sale, lease of land

At least 425,000 taxpayers have sought extension in filing the returns

Increase comes due to double-digit growth in expenditures

Official hopes it will support textile sector, contribute to economic stability

Managing a growth of 25% in revenue collection is no mean feat

The Organisation for Economic Cooperation and Development wants to ensure digital behemoths pay their share of taxes

Stay given on banking companies and individuals whose income is above Rs500m

Extended to facilitate tax consumers due to Covid-19

PIEDMC CEO says gas pipeline infrastructure at SEZ almost ready

Paris notifies Google, Amazon, Facebook and Apple about the tax

May withdraw tax exemptions to raise Rs200b to meet IMF condition

CM says pilot project, initially for Central district, will be expanded to other DMCs if successful

Decision comes on back of slow progress on govt’s $400m venture to reform taxes

Say tax reduction will help provide textbooks to students at cheaper rates

Citizens perceive paying income tax as a complex and cumbersome process

Monthly collection and filing of tax returns remain low