tax

Tells businessmen to bring refund complaints to ombudsman office

May impose additional taxes of around Rs150b to achieve collection target

Sees budget deficit soaring to 7.6%, introduces major changes in loan conditions

Deadline to file income tax returns for individuals and companies has been extended to December 31, 2019

It is hoped NTP will be used for promoting trade, industrial policies

Official says retailers should be asked to purchase only from sales tax registered persons

Ruling in the case would come less than six months before Americans go to the polls in November

Lender wants to raise money for projects from domestic market

Pakistan says UAE not sharing wealth details of Pakistanis holding residence visa of Dubai

Resort to cost-cutting measures such as layoffs, closure of outlets

Defaulting, non-functional mills to be deprived of wheat quota, subsidy

Senate body had approved the relief over 1 month ago

It will allow people to lodge complaints, seek resolution

FBR shares financial details with NA panel of data provided by OECD

Says uncertainty created by approved plan can be damaging for revenue targets

Says the registrations were cancelled after an inquiry but refuses to disclose why no one was taken to task

Shabbar Zaid agrees to take input from all stakeholders after officials caution him of implications

Imran Khan approves full implementation of VAT regime for all business segments over next three years

Relaxes registration conditions; reduces income tax rates by 66%; puts off CNIC condition

FBR refuses to go easy on CNIC condition, demand for fixed tax scheme; govt side hopes breakthrough today

FTO had sought action against FBR officers involved in vehicle smuggling, sale

Says Federal Board of Revenue working on removing tax exemptions to raise revenues

Audit shows 40 Rawalpindi district schemes paid only Rs200m under the head

Quality of locally produced cotton had deteriorated: APTMA

Revenue collection target of Rs388 billion was fixed for Punjab for the current fiscal year 2019-20

Discussions focus on enhancing revenue collection that remains below par

FBR asked PR to furnish local purchases with receipts from only registered suppliers who paid 17% sales tax

As rate of tax payers in the country is the lowest in the world

In a bid to make the countries compliant with bloc's standards

Say if 2.5% WHT imposed, they will wind up their businesses

To get industrial and commercial consumers registered for income tax

FBR had promised to clear refund claims within 72 hours

SC says board did not send its notice to company within five years

Exporters criticise govt’s business policies that make refunds difficult

The Rs116 billion shortfall is a cause for concern for the common man on how the government is going to bridge the gap

Though unhelpful, SBP won’t cut interest rate

Walks a tight rope in meeting IMF target of controlling circular debt

Also falls short of refund target by Rs45b while return filers stand below 450,000

Recommends punishments for not installing system meant to stop evasion of sales tax

Country announces nine billion euros in tax cuts for households

Wide gap may force taxmen to take advances from banks, big firms

Share of income tax in total tax collection reduced to slightly over Rs2trn while sales tax and fed excise duty go up

They had been set up in major cities to trace people outside of tax net

IHC orders appointment of ad hoc PARC chairman

Withdraws summary seeking cabinet's approval to lower sales tax liabilities for auto sector

Copy of amendment bills will be presented in the parliament for approval

May also lower sales tax liabilities for car assemblers; move will hit FBR's tax revenues

Apple will launch a legal challenge on Tuesday to a European Commission order

This comes despite IMF incentive of softening primary deficit target

Members call for focus on easing matters for investors, businessmen