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
