Trends - Finance Bill 2024 - Business Recorder

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FBR to impose sales tax on stationery items

ISLAMABAD: Despite announcement of withdrawal of sales tax on stationery items, the amended Finance Bill 2024 would...

Updated 27 Jun, 2024 11:32am

Business & Finance

Govt urged to reconsider 25pc SAP expense disallowance policy

ISLAMABAD: The proposal to disallow 25% Sales Promotion, Advertising and Publicity (SAP) expense under Finance Bill...

Published 25 Jun, 2024 06:42am

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Senate panel rejects increased tax on salaried class

ISLAMABAD: The upper house of the parliament, Monday, adopted the report of its finance panel containing...

Updated 25 Jun, 2024 09:42am

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Proposed amendments in Finance Bill: Telecom operators seek SIFC’s intervention

ISLAMABAD: Telecom Operators Association has sought Special Investment Facilitation Council (SIFC) intervention for...

Updated 25 Jun, 2024 09:41am

Pakistan

Finance Bill 2024: Senate proposes whopping 128 recommendations to National Assembly

Senate Standing Committee on Finance unanimously rejects increase in tax on low-tier salaried class, Chairman Saleem Mandviwalla says

Updated 24 Jun, 2024 11:02pm

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Foreign travel ban on non-filers: NICOP holders, minors, students to be exempted

Tax expert questions how FBR would impose ban on non-filers (family members), who are actually dependent on the filer

Updated 24 Jun, 2024 01:33pm

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Disposal of immovable property: 15pc flat rate on gain proposed

ISLAMABAD: Finance Bill 2024 has proposed a flat rate of 15 percent on gain from disposal of immovable property...

Updated 24 Jun, 2024 08:41am

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Value-added textile exporters reject 29pc standard taxation

LAHORE: Value-added textile exporters have rejected the proposed shift from one percent turnover-based Final Tax...

Updated 24 Jun, 2024 12:33pm

Business & Finance

Fata and Pata: PALSP says tax exemptions will ‘destroy economy’

ISLAMABAD: Steel & Edible Oil & Ghee industries are deeply concerned over reports of govt’s intention to...

Published 24 Jun, 2024 07:00am

Business & Finance

Scope of ‘tax fraud’ phrase widened

ISLAMABAD: The issuance of sales tax invoice without actual supply of goods in the market would now be considered a...

Published 24 Jun, 2024 07:00am

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Non-performing bank loans: Finance bill proposes amendments in 7th Schedule

ISLAMABAD: Finance Bill 2024 has proposed amendments in Seventh Schedule (Banking Schedule) of the Income Tax...

Updated 24 Jun, 2024 08:47am

Pakistan

Teachers, researchers: APSUP, PAMI urge govt to restore tax rebate

ISLAMABAD: The Association of Private Sector Universities of Pakistan (APSUP) and the Association of Private Medical...

Published 23 Jun, 2024 02:50am

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Senate panel finalises proposals for changes in finance bill

ISLAMABAD: The Senate Standing Committee on Finance and Revenue, Saturday, finalised a set of recommendations for...

Updated 23 Jun, 2024 05:48pm

Pakistan

American Business Council expresses concern over Budget 2024-25

The American Business Council (ABC) has expressed concerns over the proposal in Budget 2024-25 to disallow sales...

Updated 22 Jun, 2024 09:48pm

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Export of goods: Finance Bill proposes to change tax regime to ‘minimum tax’

ISLAMABAD: The Finance Bill 2024 has proposed to change the tax regime for export of goods from “final tax regime”...

Updated 22 Jun, 2024 02:37pm

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Senate panel asks FBR to address concerns of retail sector

ISLAMABAD: The Senate Standing Committee on Finance recommended Federal Board of Revenue (FBR) to address concerns...

Updated 22 Jun, 2024 09:18am

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Royalty arrangement: 25pc of sales promotion, ad expenses disallowed

ISLAMABAD: The government has disallowed 25 percent of sales promotion and advertising expenses under the royalty...

Updated 22 Jun, 2024 09:18am

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Finance Bill 2024: Wealth Statement now in sharp focus

New bill proposes to extend the scope of best judgment assessment under section 121 of the Ordinance

Updated 21 Jun, 2024 04:00pm

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e-vehicles, telecom sector: FBR vows to review omission of incentives

ISLAMABAD: The Federal Board of Revenue (FBR) has assured the finance committee that it will review the omission of...

Updated 21 Jun, 2024 09:17am

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APTMA urges govt to revisit Finance Bill

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) expressing serious concerns over the FY25 budget stated...

Updated 21 Jun, 2024 09:15am

Business & Finance

Some taxation measures: No final decision taken on reversal: FBR

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjed Zubair Tiwana said Thursday that so far government the has...

Published 21 Jun, 2024 06:37am

Pakistan

Imposition of further taxes on salaried group to ‘accelerate brain drain’ in Pakistan: PBC

The Pakistan Business Council (PBC), the country’s largest corporate advocacy platform, has warned that the...

Updated 20 Jun, 2024 10:42pm

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GST on infant food, milk in phases

ISLAMABAD: The tax policy of introducing sales tax in three stages, starting from 5 percent on infant formula, baby...

Updated 20 Jun, 2024 09:00am

Business & Finance

PSF manufacturers point out anomaly in Finance Bill 2024

LAHORE: Polyester Staple Fiber (PSF) manufacturers have drawn attention of the anomaly committee of the federal...

Published 20 Jun, 2024 06:01am

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Health and education services: Sindh Finance Bill 2024 does not immediately impose 15pc SST: SRB

ISLAMABAD: Sindh Revenue Board (SRB) has clarified that the Sindh Finance Bill, 2024 does not immediately impose a...

Updated 17 Jun, 2024 02:47pm

Business & Finance

SINDH FINANCE BILL 2024—II/COMMENTS & NEWS

(iii) in clause (jj),——— (a) for the word “thirteen”, the word “fifteen” shall be substituted; and...

Published 17 Jun, 2024 05:30am

Business & Finance

Finance Bill 2024: FBR sets up two ‘anomaly committees’

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted two anomaly committees in order to identify and remove...

Published 16 Jun, 2024 02:40am

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FBR chief issues warning to businesses refusing credit, debit cards payments

Says sealing of business premises would be based on three daily complaints or five weekly complaints from customers

Updated 15 Jun, 2024 06:54pm

Business & Finance

Finance Bill: New steps to trigger mass exodus of foreign investment: Telecom industry

ISLAMABAD: Telecom industry has warned the government that new measures proposed in the finance bill would trigger a...

Published 15 Jun, 2024 06:57am

Business & Finance

Software industry, APTMA tell Senate panel: ‘Unable to run businesses due to heavy taxation’

ISLAMABAD: Software industry, All Pakistan Textile Mills Association (APTMA) and stationery sector, Friday, informed...

Published 15 Jun, 2024 06:57am