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Business

Income Tax Ordinance: FBR contemplating introducing maximum tax cap

LAHORE: The Federal Board of Revenue (FBR) is contemplating to introduce a maximum tax cap in the Income Tax...

Published 08 Jun, 2021 04:09am

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Income Tax Ordinance 2001: SHC dismisses suit against Sect 177(1)

KARACHI: The Sindh High Court (SHC) on Monday dismissed a suit against Section 177(1) of the Income Tax Ordinance...

Published 01 Jun, 2021 04:59am

Opinion

PTI, FBR & tax directories — I

Failure of the coalition of Pakistan Tehreek-i-Insaf (PTI) vis-à-vis economic governance, changing four finance...

Updated 23 Apr, 2021 11:15am

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Rs404.2bn tax demands: FBR starts winning cases against sugar mills

ISLAMABAD: The Commissioners (Appeals) have started deciding tax evasion cases of sugar mills in favour of the...

Published 02 Apr, 2021 04:58am

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FY22 Budget: Requirement of submitting taxpayers’ profiles to be abolished

ISLAMABAD: The government has decided to abolish the requirement of submitting or updating taxpayers’ profiles by...

Published 30 Mar, 2021 05:45am

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Taxpayers can update profiles by June 30th: FBR

ISLAMABAD: To facilitate millions of taxpayers, the Federal Board of Revenue Friday extended the deadline up to June...

Published 27 Mar, 2021 05:41am

Business & Finance

SBP’s clarification on remittances: FTO directs FBR to issue circular

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a circular to ...

Updated 26 Mar, 2021 09:25am

Business

Tax Laws (2nd Amendment) Ordinance, 2021: 76 corporate IT exemptions withdrawn

ISLAMABAD: The government has promulgated the Tax Laws (Second Amendment) Ordinance, 2021, to withdraw 76 corporate...

Published 26 Mar, 2021 05:22am

Business

Second Schedule of Income Tax Ordinance, 2001: NBFI & Modaraba Association oppose amendment

KARACHI: The NBFI & Modaraba Association of Pakistan has opposed any amendment in the Second Schedule of Income...

Published 16 Mar, 2021 04:43am

Opinion

Tax exemptions - mixed signals

A money bill (amendments in Income Tax Ordinance) is making rounds over social media. Initially-proposed by the...

Published 14 Mar, 2021 04:13am

Business & Finance

Section 218 of Income Tax Ordinance, 2001: KTBA asks FBR to withdraw clarification about services of notices, other documents

KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to withdraw the...

Published 14 Mar, 2021 04:13am

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Taxpayers must update profiles by Mar 31st deadline: FBR

ISLAMABAD: The Federal Board of revenue (FBR) Wednesday intimated taxpayers that the statutory deadline for...

Published 11 Mar, 2021 05:25am

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Finance Amendment Bill 2021: 80 income tax exemptions to be withdrawn

ISLAMABAD: The proposed Finance Amendment Bill 2021 to be tabled before the Parliament would extend the facility of...

Updated 08 Mar, 2021 09:15am

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SHC censures FBR departments for complacency

KARACHI: The Sindh High Court (SHC) has observed that no positive effort is forthcoming on part of the Federal Board...

Published 20 Feb, 2021 04:52am

Business & Finance

Non-compliant withholding agents: FTO orders FBR to initiate proceedings

ISLAMABAD: Federal Tax Ombudsman (FTO) Mushtaq Ahmad Sukhera has directed the Federal Board of Revenue (FBR) to...

Published 15 Feb, 2021 04:53am

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FBR reviews fertilizer sector’s tax exemption proposal

ISLAMABAD: The Federal Board of Revenue (FBR) is reviewing a proposal of the fertiliser sector to grant exemption...

Published 10 Feb, 2021 04:12am

Business & Finance

Cabinet decides to waive off taxes on bonds

During a federal cabinet held under the chairmanship of Prime Minister Imran Khan it was decided to waive a number of taxes on these bonds under the Income Tax Ordinance 2001 Schedule.

Published 20 Jan, 2021 01:55pm