FBR’s tax collection hits Rs7tr, says Dar The Federal Board of Revenue (FBR) has collected Rs7 trillion in tax revenue till June 26, said Finance Minister... Updated 27 Jun, 2023 05:40pm
Markets Pakistan will look to impose Rs215bn additional taxes after IMF talks: Dar Finance minister says 'we have ensured impact of these taxes will not be passed to downtrodden' in address to wind up Federal Budget 2023-24 debate in National Assembly Updated 25 Jun, 2023 09:00pm
Business & Finance FBR introduces new tax return form for SMEs ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new income tax return form for the Small and Medium... Published 22 Jun, 2023 05:45am
Business & Finance Sales tax evasion worth billions of rupees detected ISLAMABAD: The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has detected sales tax ... Published 22 Jun, 2023 05:45am
Business & Finance Collection of duties & taxes: FBR field formations to observe extended working hours ISLAMABAD: All field formations of the Federal Board of Revenue (FBR) will remain open on June 24 (Saturday) and ... Published 21 Jun, 2023 05:21am
Business & Finance Point of sale: FBR directed to issue instructions to field formations ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue instructions to... Published 09 Jun, 2023 06:20am
Business & Finance Sindh Revenue Board collects Rs18bn in May, up 28.2% YoY During the first 11 months (July-May), SRB collected Rs161.3 billion Published 01 Jun, 2023 03:05pm
Business & Finance FTO proposes FBR to abolish Section 8B of Sales Tax Act ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed the Federal Board of Revenue (FBR) to abolish section 8B of... Published 01 Jun, 2023 03:34am
Markets Market says likelihood of tax on companies’ reserves getting green signal ‘low’ Market experts on Wednesday said the likelihood of the government imposing a tax on undistributed profits – reserves... Published 31 May, 2023 06:31pm
Business & Finance How deduction for bad debt can be allowed? LAHORE: No taxpayer can seek a deduction for a debt as bad debt unless it is treated in the books and accounts as ... Published 31 May, 2023 03:56am
Pakistan Pakistan will not default, reiterates Ishaq Dar Finance minister says Pakistan will escape current difficult economic circumstances Published 24 May, 2023 06:00pm
Business & Finance Pharma sector: FBR likely to come up with tax relief measures ISLAMABAD: The Federal Board of Revenue (FBR) is working on tax relief measures for the pharmaceutical sector to be... Published 23 May, 2023 06:14am
Business & Finance Field formations can’t deny benefit of exemption to entitled taxpayers LAHORE: Field formations of the Federal Board of Revenue (FBR) cannot deny the benefit of an exemption if the... Published 23 May, 2023 06:14am
Business & Finance Small tax base, high non-compliance incidence causing massive tax evasion LAHORE: A relatively small tax base and high levels of non-compliance has resulted in massive tax evasion in ... Published 14 May, 2023 03:24am
Business & Finance FY24: PBC urges govt to set ‘realistic’ tax target for FBR ISLAMABAD: Pakistan Business Council (PBC) has asked the government to set a realistic tax target for the Federal... Published 12 May, 2023 05:59am
Editorials Towards achieving revenue target EDITORIAL: The Chairman Federal Board of Revenue (FBR) reportedly shared a detailed plan with Finance Minister Ishaq... Published 28 Apr, 2023 06:08am
Business & Finance Collection of govt duties, taxes: Banks to stay open on 29th & 30th KARACHI: Bank branches and field offices of SBP Banking Services Corporation (SBP-BSC) will remain open on 29th and... Published 27 Apr, 2023 06:24am
Business & Finance Saturday, Sunday: FBR extends working hours ISLAMABAD: The Federal Board of Revenue (FBR) has directed all Large Taxpayer Offices (LTOs), Medium Tax Offices... Published 18 Apr, 2023 06:21am
Opinion ‘Resilience, helplessness or loss of trust?’ This is apropos a Business Recorder op-ed ‘Resilience, helplessness or loss of trust?’ carried by the newspaper... Published 15 Apr, 2023 06:19am
Business & Finance PHMA urges FBR to expedite disbursement of sales tax refunds LAHORE: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Saturday asked the Federal Board of... Published 02 Apr, 2023 03:02am
Business & Finance Single GST return system: FBR, provinces likely to discuss delay soon ISLAMABAD: The Federal Board of Revenue (FBR) and provinces are expected to sit together during the current week to... Published 14 Mar, 2023 03:18am
Business & Finance Business community fears FBR harassment: survey ISLAMABAD: Business community fears harassment by Federal Board of Revenue (FBR), according to the Taxpayers’... Published 11 Mar, 2023 03:16am
Editorials What’s behind lower revenue collection? EDITORIAL: The shortfall in Federal Board of Revenue’s (FBR’s) collection for the first eight months of the... Published 10 Mar, 2023 03:46am
Print Jul-Feb: FBR collection shows Rs240bn shortfall After the imposition of taxes of Rs 170 billion in the mini-budget, the new annual tax target of the FBR fixed at Rs7.64 trillion Updated 05 Mar, 2023 01:42pm
Business & Finance Releasing refunds is not wrong, says Shabbar Zaidi Former FBR chief says they are handled by field officers Published 04 Mar, 2023 07:32pm
Business & Finance FBR imposes sales tax on import of printed materials ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has imposed sales tax on the... Published 04 Mar, 2023 06:10am
Business & Finance Well-known outlet sealed over failure to install PoS app RAWALPINDI: The Regional Tax Office (RTO), Rawalpindi, on Thursday sealed a famous business outlet over failure to... Published 03 Mar, 2023 06:12am
Business & Finance ‘Arbitrary’ notices irk beverage firms LAHORE: Issuance of arbitrary tax notices to the beverage sector firms without referring disputed matters to the... Published 02 Mar, 2023 06:23am
Business & Finance FBR’s audit wings accused of violating law on attaching taxpayers’ bank accounts LAHORE: The audit wings of the Federal Board of Revenue (FBR) are violating law related to attachment of bank... Published 01 Mar, 2023 06:21am
Business & Finance Vehicle importers: FTO tells FBR that MCCs must not show any discrimination ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that the Model... Published 26 Feb, 2023 03:27am
Capacity-based model transition to take-and-pay model: 24 conditions proposed to strike new deals between govt, IPPs