1HFY25 direct tax collection rises 29.4pc YoY ISLAMABAD: The collection of direct taxes has shown an increase of 29.4 percent during first six months of 2024-25... Updated 27 Mar, 2025 03:13pm
Print FY26 Budget proposals: Businesses urge govt to gradually reduce GST rate Pakistan Business Council recommends reduction in withholding taxes for exporters to minimise impact on cash flow of their business Updated 25 Mar, 2025 09:30am
Business & Finance Return filing deadline extended ISLAMABAD: The Federal Board of Revenue (FBR) has extended date for filing of Sales Tax and Federal Excise return... Published 25 Mar, 2025 05:37am
Opinion Cigarette tax myths and realities A well-orchestrated campaign advocating for reduced cigarette taxes has recently gained momentum, primarily driven ... Published 24 Mar, 2025 06:33am
Business & Finance Veg ghee mill: ATIR annuls Rs1.5bn GST demand by Peshawar RTO ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has annulled sales tax demand amounting to Rs1.5 billion... Published 23 Mar, 2025 05:26am
Print SHC could initiate proceedings against CTO IR chief ISLAMABAD: Sindh High Court (SHC) will initiate proceedings against Chief Commissioner Corporate Tax Office (CTO),... Published 20 Mar, 2025 05:30am
Editorials The high cost of punitive taxation EDITORIAL: The fundamentally flawed nature of the tax regime operational in Pakistan is both well-documented and... Published 19 Mar, 2025 05:48am
Business & Finance KTBA urges FBR to extend ST return filing deadline KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the sales... Published 19 Mar, 2025 05:36am
Print RTO-1 arrests mastermind behind major ST fraud KARACHI: The Regional Tax Office-1 has arrested the mastermind, Bilal Imam, behind a cumulative sales tax fraud... Updated 14 Mar, 2025 09:45am
Opinion Unravelling cigarette tax revenue mystery The first half of fiscal year 2025 has painted a perplexing picture of Pakistan’s cigarette industry. The latest... Published 11 Mar, 2025 06:25am
Print Electricity top contributor: Jul-Dec GST collection soars 53.5% to Rs283.177bn YoY ISLAMABAD: The sales tax (domestic) collection at local stage from electricity stood at Rs283.177 billion during... Updated 09 Mar, 2025 10:16pm
Print ST returns to 21 cos paid on behalf of non-residents: FBR directs PRAL to allow input tax adjustment ISLAMABAD: The Federal Board of Revenue (FBR) has directed Pakistan Revenue Automation Limited (PRAL) to remove the... Updated 07 Mar, 2025 08:47am
Print Rs312bn GST row: PAC refers audit paras back to FBR wing ISLAMABAD: In an attempt to tighten the noose around the black sheep, the Public Accounts Committee (PAC) of... Updated 06 Mar, 2025 02:47pm
Print PRAL, IT Wing accused of facilitating fake invoices ISLAMABAD: Multan Tax Bar Association (MTBA) has accused Pakistan Revenue Automation Limited (PRAL) and the IT Wing... Updated 03 Mar, 2025 02:57pm
Opinion Fix the EFS Export-led growth is the mantra these days, but government seems uninterested in actually facilitating it. The... Published 03 Mar, 2025 06:28am
Business & Finance KE’s financial best practices upheld in FTO’s decision KARACHI: K-Electric (KE) welcomes the Federal Tax Ombudsman’s (FTO) recent decision affirming the company’s full... Published 01 Mar, 2025 06:28am
Print Bun, rusk sales: FTO tells FBR to offer GST relief in budget ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly recommended the Federal Board of Revenue (FBR) to consider... Updated 27 Feb, 2025 09:24am
Print Iron, steel scrap importers: FBR withdraws EFS facility ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn facility of Export Facilitation Scheme (EFS) 2021 from... Updated 26 Feb, 2025 02:59pm
Print Solar net metering consumers: Discovering Rs9.8bn loss, FTO orders 18pc GST levy ISLAMABAD: The Federal Tax Ombudsman (FTO) discovering huge revenue loss of Rs9.8 billion, passed the order for... Updated 25 Feb, 2025 08:11pm
Business & Finance Jam apprised about levy issues facing carpet sector ISLAMABAD: A delegation from the Carpet Association on Thursday met with Federal Minister for Commerce Jam Kamal ... Published 21 Feb, 2025 06:49am
Sports ICC Champions Trophy 2025: ECC approves income tax exemption for ICC ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved income tax exemption for the... Published 21 Feb, 2025 06:49am
Print Local raw materials: APTMA says seeking a level playing field ISLAMABAD: The All Pakistan Textile Mills Association (Aptma) urgently called on the government to create a level... Updated 11 Feb, 2025 02:45pm
Business & Finance ‘Vessels, ships procured or purchased must be exempted from ST’ KARACHI: Standing Committee meeting on Maritime Affairs met under the Chairmanship of Abdul Qadir Patel, MNA. Taking... Published 08 Feb, 2025 06:30am
Print GST return: KTBA voices concern over missing key annexures ISLAMABAD: Karachi Tax Bar Association (KTBA) Friday expressed serious concern over non-availability of key... Updated 08 Feb, 2025 09:45am
Print Online Sales Tax return format: KTBA says concerned at recent changes KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns over recent changes to the online Sales Tax Return... Updated 05 Feb, 2025 09:16am
Business & Finance Millat Tractors to challenge FBR’s Rs18bn sales tax demand One of Pakistan’s leading tractor manufacturers, Millat Tractors Limited, on Monday rebuked the Federal Board of... Updated 03 Feb, 2025 10:41pm
Print Tractor-manufacturing company: FBR raises Rs18bn sales tax demand ISLAMABAD: The Federal Board of Revenue (FBR) has raised a huge sales tax demand of Rs 18 billion against a leading... Updated 03 Feb, 2025 09:25am
Print POS system: FBR introduces massive changes in retailers’ procedure Will require retailers, using POS system, to integrate facility of debit and credit card machine, QR Code or any other mode of digital transaction available at all the sale points Updated 30 Jan, 2025 02:51pm
Opinion Inaction will kill industry Pakistan’s textile industry has long been a major contributor to exports, employment, and value addition. However,... Published 27 Jan, 2025 05:50am
Print Taxable products’ supply: GST-registered entities must file monthly stock returns: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has directed all sales tax registered commercial importers,... Updated 25 Jan, 2025 08:54am
