Print Air travel FED reduced to Rs30,000 ISLAMABAD: To give relief to the rich/wealthy class, the government has decided to reduce the federal excise duty... Updated 06 Jul, 2022 09:33am
Business & Finance Late delivery: FBR asked to direct car maker to pay KIBOR+ 3pc/annum ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to direct a car... Published 06 Jul, 2022 05:35am
Pakistan Non-filers: NADRA re-working on data for correction of profiles ISLAMABAD: The National Database and Registration Authority (NADRA) is re-working on the data for correction of the... Updated 05 Jul, 2022 09:56am
Business & Finance Ban on luxury goods’ import: Customs urged to release blocked shipments of IT traders ISLAMABAD: The customs authorities at Karachi have blocked the shipment of imported goods of the IT traders at the... Published 05 Jul, 2022 05:19am
Business & Finance Small gift parcels: FTO asks FBR to formulate proper rules ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to adopt a more... Published 05 Jul, 2022 05:19am
Print Diplomatic missions: FBR restores ST exemption ISLAMABAD: The government has retrospectively restored sales tax exemption on the import of goods by the United... Updated 04 Jul, 2022 09:39am
Print NBFCs disburse cumulative loan of Rs13bn in 2 years ISLAMABAD: Despite Covid-19 and other technical hurdles, the newly licensed digital lending fintech Non-Banking... Updated 03 Jul, 2022 09:27am
Business & Finance Air travel FED not applicable on tickets issued before July 1: FBR ISLAMABAD: The Federal Board of Revenue (FBR) announced Saturday night that the enhanced rate of the Federal Excise... Published 03 Jul, 2022 05:39am
Print Pharma raw materials: No input tax adjustment after 1pc GST payment: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has denied input tax adjustment facility, from July 1, 2022, to the... Updated 03 Jul, 2022 09:27am
Print Budgetary measures: FBR issues notifications ISLAMABAD: The Federal Board of Revenue (FBR) has issued notifications for the implementation of the budgetary... Updated 02 Jul, 2022 09:51am
Business & Finance Capital assets: Tax on deemed income applicable to TY22, onwards ISLAMABAD: The Finance Act 2022 has clarified that the tax on deemed income would be applicable for Tax Year 2022... Updated 02 Jul, 2022 12:12pm
Business & Finance Global money transfers: ECs to deduct tax on payment of fee to operators ISLAMABAD: Every exchange company licensed by the State Bank of Pakistan (SBP) shall deduct tax at the time of ... Updated 02 Jul, 2022 09:34am
Pakistan Seizure of smuggled goods, non-duty paid vehicles: FBR to give cash rewards to LEAs officials ISLAMABAD: The Federal Board of Revenue (FBR) has decided to give cash rewards to the officials of other law... Published 01 Jul, 2022 07:39am
Pakistan Cigarette makers launch illegal promotion campaigns ISLAMABAD: Local cigarette manufacturers have launched illegal cigarette promotion campaigns to encourage young... Published 01 Jul, 2022 06:13am
Pakistan President gives assent to Finance Act, 2022 ISLAMABAD: President Arif Alvi has given assent to the Finance Act, 2022, to enforce taxation and relief measures ... Published 01 Jul, 2022 06:13am
Business & Finance FBR expands scope of definition of IT, IT-enabled services ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of the definition of IT and IT-enabled ... Published 01 Jul, 2022 06:13am
Print FBR exceeds upward revised collection target ISLAMABAD: The Federal Board of Revenue (FBR) has collected net revenue of Rs6,125 billion during the whole fiscal... Updated 01 Jul, 2022 11:03am
Print 15 sectors: 10pc supertax imposed on income exceeding Rs300m ISLAMABAD: The amended Finance Bill 2022 has imposed a 10 percent supertax for the Tax Year 2022 on persons... Updated 30 Jun, 2022 10:44am
Business & Finance Removal of goods without payment of duty: FTO unearths containers clearance scam ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed a scam of removal of non-duty paid goods in the garb of... Published 30 Jun, 2022 06:07am
Business & Finance FTO directs FBR to settle refund claim of complainant ISLAMABAD: The Federal Tax Ombudsman (FTO), while disposing of the complaint of a customer of the telecom company ... Published 30 Jun, 2022 06:07am