Seeking stay from court against recovery: 30pc of disputed tax will be deposited with FBR under new Act ISLAMABAD: Taxpayers have to deposit 30 percent of the determined tax with the Federal Board of Revenue (FBR) in... Published 09 May, 2024 03:11am
Business & Finance Punjab govt to amend Sales Tax Act to improve PRA efficiency: minister LAHORE: Punjab Finance Minister Mujtaba Shujaur Rehman has said that the documentation of the economy was imperative... Published 04 May, 2024 05:48am
Business & Finance Tax-related disputes: SOEs allowed to adopt ADR facility before litigation ISLAMABAD: The government has decided to allow state-owned enterprises (SOEs) to first avail the facility of the... Published 25 Apr, 2024 03:05am
Business & Finance Input tax adjustment time: ST Act doesn’t stipulate any condition or time limit LAHORE: The Sales Tax Act does not stipulate any condition or restriction of time for adjustment of the input tax... Published 06 Feb, 2024 05:00am
Business & Finance Replacing defective parts of vehicles under warranty is not a taxable supply LAHORE: A car manufacturer has proved that replacing defective parts of vehicles under warranty was not a taxable... Published 16 Jan, 2024 05:44am
Print Units involved in tax fraud: FBR suggests new sections in ST Act for penal action ISLAMABAD: The Federal Board of Revenue (FBR) has proposed separate sections in the Sales Tax Act for suspension of... Updated 27 Aug, 2023 09:36am
Print Draft amendments to income tax Ord: FBR seeks new powers for IR Commissioners ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to give all basic administrative powers of income tax law... Updated 15 Aug, 2023 10:27am
Business & Finance NOTES ON CLAUSES Clause 3(1)? Seeks to amend section 2 (s) to enable Pakistan Customs ... Published 10 Jun, 2023 05:01am
Print Centre-provinces declaration: Power transmission will be treated as ‘service’ from July 1 ISLAMABAD: The federal government and provinces have declared that the transmission of electricity would be treated... Updated 06 Apr, 2023 08:45am
Business & Finance Supply of sugar: LHC restrains FBR from setting minimum value ISLAMABAD: The Lahore High Court (LHC) has restrained the Federal Board of Revenue (FBR) from the fixation of the... Published 21 Dec, 2022 06:05am
Print Small retailers: fixed tax regime rationalized Tax amounts shall be doubled if name of retailer does not appear on Active Taxpayers List Updated 22 Jul, 2022 09:17am
Print Budgetary measures: FBR issues notifications ISLAMABAD: The Federal Board of Revenue (FBR) has issued notifications for the implementation of the budgetary... Updated 02 Jul, 2022 09:51am
Business & Finance Registration as Tier-1 Retailers: Furniture industry seeks help of LCCI LAHORE: The furniture industry has sought help of the Lahore Chamber of Commerce & Industry (LCCI) to get the... Published 19 Jun, 2022 07:14am
Pakistan DIA IR detects mega sales tax fraud KARACHI: Directorate of Internal Audit (DIA), Inland Revenue (IR), Karachi has detected a mega sales tax fraud that... Published 15 Jun, 2022 08:28am
Business & Finance FY23 budget: EFS may be amended to restore GST-free procurement of inputs ISLAMABAD: The government is expected to make major amendments to the Export Facilitation Scheme (EFS), 2021 in... Published 07 Jun, 2022 05:47am
Business & Finance Import of oxygen gas, cylinders: Sales tax exemption announced ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax on the import of oxygen gas, cylinders (for... Published 04 Jun, 2022 04:18am
Print Above Rs50,000 purchase: Shabbar Zaidi concerned at likely withdrawal of CNIC condition ISLAMABAD: Former Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has expressed serious concern over the... Updated 09 May, 2022 09:43am
Print FBR to present draft IR Code to minister for approval ISLAMABAD: The Federal Board of Revenue (FBR) will present the draft of the Inland Revenue Code to Finance Minister... Updated 24 Apr, 2022 09:12am
Business & Finance FBR allows field formations to seal Tier-1 retailers’ outlets LAHORE: The Federal Board of Revenue (FBR) has allowed its field formations to seal Tier-1 retailers’ outlets by... Published 01 Mar, 2022 05:34am
Print Non-integrated Tier-1 retailers: Huge penalty to be imposed before outlet de-sealing: FBR ISLAMABAD: The Federal Board of Revenue (FBR) will impose huge penalties on the non-integrated Tier-1 retailers... Updated 20 Feb, 2022 09:01am
Business & Finance FBR urged to facilitate one-shop retailers LAHORE: President and founder of Friends Economic & Business Reforms (FEBR) and former vice-president of the... Published 20 Feb, 2022 05:55am
Print GST on supplies: Charity hospitals suffer big setback ISLAMABAD: Hospitals in Pakistan, especially those running on donations/charities have suffered the big setback due... Updated 18 Feb, 2022 09:56am
Business & Finance Re1 service charge on all invoices: FBR rebuts disinformation on social media ISLAMABAD: Federal Board of Revenue (FBR) has strongly rebutted disinformation being spread on the social media... Published 14 Dec, 2021 06:40am
Print Electric vehicles, kits: sales tax exemptions retained ISLAMABAD: The government has decided to retain sales tax exemptions on electric vehicles and kits imported by local... Updated 11 Dec, 2021 09:27am
Business & Finance FBR overburdens LTOs by clubbing medium and large manufacturers together LAHORE: The Federal Board of Revenue (FBR) has overburdened Large Taxpayer Offices (LTOs) by combining medium size... Updated 25 Nov, 2021 08:04pm
Business & Finance FBR urged to run manual procedure concurrently with online appeal system KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to run the manual filing of... Published 10 Nov, 2021 05:47am
Print GST dispute on power subsidy: ECC to give its decision on legality ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is to give its verdict on legality of... Published 29 Sep, 2021 03:00am
Business & Finance Tax machinery of govt: FTO concerned at 'coercive' recovery steps LAHROE: The Federal Tax Ombudsman (FTO) has expressed concerns over the coercive recovery measures by tax ... Published 21 Sep, 2021 04:10am
Business FBR increases minimum prices of steel products ISLAMABAD: In the wake of increased prices of steel products in the domestic and international markets, Federal ... Published 12 Aug, 2021 04:34am
Print GST assessment: FBR withdraws fixation of sugar price at Rs60/kg ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn the fixation of the domestic price of sugar at Rs60 per... Published 09 Jul, 2021 02:31am
Honoraria for NA, Senate staff but no change in tax rates for salaried group as Aurangzeb wraps up budget discussion
Honoraria for NA, Senate staff but no change in tax rates for salaried group as Aurangzeb wraps up budget discussion