tax

Imran Khan's govt may offer relief to industrialists

Punjab collects low farm tax

ECC eases borrowing limits for provinces by up to 167% to meet expenditures

Traders urge capital’s shopkeepers to follow SOPs

Officials say issuance of over 0.65m vehicles smart cards is pending

Aims to deploy 8,500 electronic devices like POS at retail outlets by end of Dec 2020

Claim minimum tax regime is discriminatory for organisations with large turnover but limited profit

Govt will receive 89% from indirect taxes and 11% from direct taxes

Maritime affairs secretary admits original concession deal offers 20-year tax relief

Laments Covid-19 outbreak has dealt blow to the sector

Farmhouses built on land measuring up to 4 Kanals exempted

Highest amount of tax concessions given in FY20 to affluent people

APBF urges govt to cut taxes in budget to help businesses recover

Considers reducing tax on low-cost cigarettes, increasing levy on expensive brands

Also proposes to limit expense allowances for industrialists

Plans to issue up to Rs50m in next phase to help businesses cope with virus

Prices of tobacco products are still same despite rupee depreciation

There will be no default surcharge if payment is made between June 1 to 15

Considers bringing foreign companies on par with local firms

Decline comes due to partial suspension of economic activities due to Covid-19

Also urges govt to release all stuck claims of exporters

Faces resistance to withdrawing concessions on foreign currency accounts

FBR to accelerate refunds

Insist such decision will provide relief to taxpayers, simplify tax laws

Businessmen say lockdown, less working hours have impacted efficiency of trade, industry

As the pandemic raises concerns about US medical and food supply chains dependency on China

Dr Abdul Hafeez Shaikh suggests abolition of low-revenue yielding tax codes in next budget

FBR has directed the field formations to ensure that the tax collection target achieved

Tolerance of tax loopholes is decreasing in corona-hit EU states

Fertiliser manufacturers want taxes withdrawn, while IMF seeks end to concessions

Adviser says measures being taken for ensuring ease of doing business

Lockdown impacts tax collection; govt also reshuffles top hierarchy of revenue body

Abdul Razzak Dawood says it will help reduce indirect taxes like sales tax

Cases selected for 2014-17 due to taxpayers’ failure to file returns on time

PTI govt urged to come up with comprehensive, long term policy

External audit required to determine exact quantum due to claims and counter claims

Supreme Court says compensation can be claimed after issuance of refund order

PM Imran Khan had promised immediate relief to improve liquidity of businesses

People expect government to reform system that leads to malpractices

Finance adviser assures industrialists export rebate will be given in April

Industries ministry withdraws summary for import of 300,000 tons of sweetener

Federal cabinet approves 3% GDP growth target, inflation target set at 8.4% for FY21

Amid the country's weakest economic growth in over six years

How can we do taxes better if no one listens?

Move will pave way for two World Bank budgetary support loans worth $750m

Local government commission seeks details on how grant given by Japan was utilised

Parliamentarians seek reversal of 17% sales tax levied on export-oriented sector

They had submitted challans but were unable to file asset declarations

FBR accepts demand of halving withholding tax rates; cuts minimum income tax rate for traders

Dr Hafiz Pasha says Pakistan needs radical tax reforms through tough decisions in upcoming budget