Taxation

25% sales tax will be imposed on completely built-up mobile phones valued over $500

"No class or sector that can remain outside the scope of direct taxation," FM Aurangzeb on issue of tax evasion

Billions held up due to appeal stage delays

Simplified income tax regime has, therefore, always been strongly advocated by SMEs

Will bring undocumented economy and people to tax net, says PM

Rs300b to be collected through petroleum levy

ICCI chief suggests automating system to reduce people-to-people contact

The purpose of taxation is primarily to raise revenue for the government

"Taxation is known to be the most cost-effective control measure available to governments throughout the world"

Say it will help revive economic activities in Pakistan

Chairman CBR Farhat Ali Mir meets Ghani at FBR secretariat in Islamabad to discuss taxation related matters

Performance report shows taxpayer base widens 40% in two years of PTI govt

Manufacturers say otherwise they may have to raise cement prices by around 10%

Federal Board of Revenue raises the issue of multiple stakeholders with PM Imran Khan

Official says Pakistan responded to crisis better than other Asian countries

Authority has yet to clear income tax refunds of up to Rs50m as per Hafeez Shaikh’s directive

Finance adviser asks for adopting clear strategy for release of remaining refunds

'Forcing companies to submit data again and again will add to bureaucratic hurdles'

Businessmen will get rebate on property tax, concession on vehicle token tax

Tells NA committee about Rs220b worth of administrative measures taken in budget

Issue of paying Rs16b in refunds in return for kickbacks lands in NA

Javed Ghani given acting charge after Nausheen Amjad removed

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

Highest amount of tax concessions given in FY20 to affluent people

Considers bringing foreign companies on par with local firms

Faces resistance to withdrawing concessions on foreign currency accounts

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

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

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

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

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

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

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

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

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

How can we do taxes better if no one listens?

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

Finance ministry denies global lender has agreed to downward revision

Mines’ lease-holders have failed to pay Rs51b in tax to the Centre over the last four years

Move aimed at pushing down prices of commodities

Steps aimed at promoting legal channels of sending remittances

FBR issues notification to set up Directorate General Risk Management

The soon to launch portal is expected to prevent corruption and curb tax evasion in property taxes

Finance panel finds most of legal amendments in violation of constitution

Punjab minister insists move will not harm public exchequer

Probe came after DG intelligence pointed to goods smuggling into country

Govt has also decided to add few sectors to tax net, which currently enjoy zero tax rates

As most people in Pakistan avoid paying taxes