Trends - Finance Bill 2024 - Business Recorder

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Senate panel informed: Upto Rs6trn tax leakage taking place annually

Finance Minister Muhammad Aurangzeb says massive tax leakage can be effectively checked through enforcement of tax laws

Updated 14 Jun, 2024 09:26am

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Incentives to deserving classes: Ogra, ministry asked to elucidate mechanism

ISLAMABAD: The Senate Standing Committee on Finance has directed the Oil and Gas Regulatory Authority (Ogra) to find...

Updated 14 Jun, 2024 09:21am

Business & Finance

E-invoices of sales tax proposed for registered persons

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new provision of issuance of electronic sales tax...

Published 13 Jun, 2024 06:37am

Pakistan

PPP accuses PML-N of ignoring its inputs: Budget ‘anti-poor’: opposition

ISLAMABAD: Having been lashed out by the opposition forces over tending to formulate the anti-poor and excessively...

Published 13 Jun, 2024 06:22am

Business & Finance

New section added to ST Act 1990: Concept of ‘investigative audit’ introduced

ISLAMABAD: A major change having far-reaching consequences proposed in the Finance Bill 2024 is the introduction of...

Published 13 Jun, 2024 06:22am

Business & Finance

Scope of EFC curtailed

ISLAMABAD: The government has curtailed the scope of the Export Facilitation Scheme (EFC) of exporters under the...

Published 13 Jun, 2024 06:22am

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Finance Bill 2024: New ‘late filers’ category introduced

Category created to attract higher rate of tax for late filing of income tax return

Updated 13 Jun, 2024 03:48pm

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Finance Bill 2024 laid in Senate

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Wednesday, moved a copy of the Finance Bill 2024 in Senate, which...

Updated 13 Jun, 2024 09:37am

Pakistan

Exemptions withdrawn: Rs1.8trn new taxation measures unveiled

ISLAMABAD: The government has announced new taxation/enforcement measures of nearly Rs 1,800 billion through...

Published 13 Jun, 2024 03:32am

Pakistan

Coal, gypsum and plastic waste: 80pc GST withholding rate on supplies proposed

ISLAMABAD: The Finance Bill 2024 has proposed a sales tax withholding rate of 80 percent on supplies of coal,...

Published 13 Jun, 2024 03:32am

Pakistan

Regulatory Duty imposed/ raised on wide range of items

ISLAMABAD: The government has imposed/raised regulatory duty on the import of a wide range of items to encourage...

Published 13 Jun, 2024 03:32am

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Rs12trn tax collection target likely

Finance Bill 2024 to be revealed today

Updated 12 Jun, 2024 02:32pm

Editorials

The pressing need for tax reforms

EDITORIAL: That Pakistan’s moribund tax structure is in urgent need of a comprehensive overhaul is a reality that...

Published 07 Jun, 2024 06:24am

Business & Finance

FY25 budget: Pension tax proposal dropped

ISLAMABAD: The government has dropped a major budget proposal to tax pensions in 2024-25. It is learnt that the...

Published 04 Jun, 2024 06:28am

Business & Finance

Finance Bill to amend Tax Laws (Amendment) Act, 2024

ISLAMABAD: Finance Bill 2024 would amend Tax Laws (Amendment) Act, 2024 to deal with emerging legal issues being...

Published 04 Jun, 2024 06:28am

Pakistan

Health activists propose higher taxes on tobacco products

ISLAMABAD: The Federal Board of Revenue (FBR) has received a budget proposal from health advocates to increase taxes...

Published 02 Jun, 2024 02:53am

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Major changes in tax laws expected through Finance Bill 2024

Enforcement measures of Rs 300-400 billion expected in 2024-25

Updated 27 May, 2024 01:32pm

Business & Finance

Import of black tea: Govt decides to revise structure of duties, taxes

ISLAMABAD: The government has decided to revise duties and taxes structure on the import of black tea in coming...

Published 16 May, 2024 06:28am

Business & Finance

Finance Bill 2024: Activists call for increase in tobacco taxes

ISLAMABAD: Health activists have called for an immediate increase in tobacco taxes in Pakistan through Finance Bill...

Published 10 May, 2024 04:17am

Business & Finance

Finance Bill 2024: Policy Cell to compile IR budget proposals

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a Policy Cell for compilation of Inland Revenue budget...

Published 01 May, 2024 04:14am

Business & Finance

Finance Bill 2024: major changes likely in IR Statutes

ISLAMABAD: The Finance Bill 2024 will issue major changes in Inland Revenue Statutes for Harmonization and...

Updated 06 Apr, 2024 08:47am

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Income tax law: FBR proposes new definition of word ‘banking’

Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024

Updated 14 Aug, 2023 05:32pm

Editorials

Give with one hand and take away with the other

EDITORIAL: Prime Minister Shehbaz Sharif, while addressing the distribution ceremony of the Prime Minister’s Youth...

Published 18 Jul, 2023 05:51am