Trends - taxpayers - Business Recorder

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Blocking SIM cards of non-filers: LTO Islamabad to assist FBR

ISLAMABAD: Large Taxpayer Office (LTO) Islamabad would fully assist the Federal Board of Revenue (FBR) to enforce...

Updated 13 May, 2024 09:26am

Business & Finance

Tribunal sets aside orders of OIR for not following directions of Commissioner-IR Appeals

LAHORE: An Income Tax Tribunal has set-aside the orders of an Officer Inland Revenue (OIR) for not following the...

Published 12 May, 2024 03:09am

Business & Finance

Tajir Dost Scheme: First phase limited to only registration: FBR

PESHAWAR: Chief Commissioner Inland Revenue, Regional Tax Office (RTO) Peshawar, Zafar Iqbal Khan has said that the...

Published 10 May, 2024 04:17am

Business & Finance

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

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Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue (IR) field formations to recover sales...

Updated 08 May, 2024 08:51am

Business & Finance

‘No new laws should be made for existing taxpayers’: LCCI

LAHORE: President of the Lahore Chamber of Commerce and Industry (LCCI) Kashif Anwar has said that no new laws ...

Published 07 May, 2024 06:27am

Editorials

State of the economy

EDITORIAL: The April Monthly Economic Update and Outlook uploaded on the Finance Division website begins on a...

Published 07 May, 2024 06:05am

Pakistan

Minister for increasing resources to serve people better

LAHORE: Punjab Finance Minister Mujtaba Shuja-ur-Rehman emphasised the necessity of increasing the provincial...

Published 03 May, 2024 06:29am

Business & Finance

Fair market value of subsidiary firms shares: No increase in tax in presence of income from business

LAHORE: The tax department could not increase tax in the notional fair market value of the subsidiary company/s...

Published 26 Apr, 2024 04:15am

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PM suspends CCIR for ‘deliberate delay in tax cases’

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday suspended Chief Commissioner-Inland Revenue (IR), Large...

Updated 24 Apr, 2024 09:25am

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Non-exporters: FBR issuing urgent alert to check misuse of CNICs/NTNs

ISLAMABAD: The Federal Board of Revenue (FBR) is issuing an urgent alert to the Customs field formations to check...

Updated 23 Apr, 2024 08:54am

Opinion

Deemed income tax on ownership of vacant plot of land incorrect—V

All the arguments and contentions made by the Sindh High Court in the aforesaid order which have been emphasised are...

Published 17 Apr, 2024 05:28am

BR Research

Favoured or just lucky?

When it comes to savings, the public sector loves to stick to their own kind. According to a review of annual...

Published 09 Apr, 2024 08:34am

Business & Finance

SRO 350/(I)/2024: PTBA says concerned at non-consideration of ‘fundamentals’

KARACHI: Pakistan Tax Bar Association (PTBA) has expressed its concern over non-consideration of fundamentals in the...

Published 07 Apr, 2024 03:01am

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Excellence Award: FBR announces privileges, concessions for top taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has announced privileges/concessions for the top taxpayers, who...

Updated 05 Apr, 2024 09:57am

Business & Finance

FTO takes notice of illegal recovery by FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken notice of an illegal tax recovery by the Federal Board of...

Published 05 Apr, 2024 04:50am

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Top taxpayers: Pakistan Honour Card Scheme to be announced

ISLAMABAD: The Federal Board of Revenue (FBR) will announce the “Pakistan Honour Card Scheme” for the top taxpayers...

Updated 02 Apr, 2024 09:42am

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Refund of coercively/illegally recovered amount: Taxpayers are not obliged to follow procedural requirements: IHC

ISLAMABAD: Islamabad High Court (IHC) has declared that the taxpayers are not obliged to follow procedural...

Updated 01 Apr, 2024 09:48am

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PM gives away excellence awards: Award-winning taxpayers to get ‘blue passport’, ‘honour card’

ISLAMABAD: Prime Minister Shehbaz Sharif has announced to give blue passports and honour cards to the award-winning...

Updated 27 Mar, 2024 08:47am

Business & Finance

Siddiqsons Group chairman receives 4th ‘highest taxpayer award’

KARACHI: Prime Minister Shehbaz Sharif presented awards to 65 leading exporters and compliant taxpayers in a ...

Published 27 Mar, 2024 04:38am

Business & Finance

Forex dealers, ECs, others: e-integration with FBR made mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies,...

Updated 23 Mar, 2024 02:52pm

Business & Finance

Tax system digitalisation: PTBA says concerned at certain provisions of new SRO

KARACHI: The Pakistan Tax Bar Association (PTBA) has raised concerns over certain provisions of the recently issued...

Updated 23 Mar, 2024 09:00am

Pakistan

Cable manufacturer challenges ‘automatic selection’ of case

LAHORE: A cable manufacturer has challenged automatic selection of his case for audit, saying that the audit...

Published 22 Mar, 2024 04:57am

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Non-submission of comments: PHC attaches salary of FBR chief?

ISLAMABAD: The Peshawar High Court (PHC) has attached the salary of the chairman of the Federal Board of Revenue...

Updated 20 Mar, 2024 08:46am

Business & Finance

Taxpayer gets reimbursed amount recovered from his bank account

LAHORE: Due to the tax authorities’ failure to specify a reasonable payment timeframe, a corporate taxpayer...

Published 19 Mar, 2024 04:53am

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Manually or electronically: President says taxpayers to get equal treatment

ISLAMABAD: President of Pakistan has ruled that the filers of income tax returns manually would now be able to enjoy...

Updated 18 Mar, 2024 09:54am

Pakistan

Compliant taxpayers, exporters: PM to give away awards on 21st

ISLAMABAD: Prime Minister Shehbaz Sharif has decided to give awards/certificates to compliant taxpayers and ...

Published 17 Mar, 2024 02:49am

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PM directs Ministry to explore possibility of Panda Bonds

Directions issued to shore up depleting foreign exchange reserves

Updated 16 Mar, 2024 10:14pm

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FBR’s applications rejected: IHC asserts its jurisdiction

ISLAMABAD: The Islamabad High Court (IHC) rejecting the applications of the Federal Board of Revenue (FBR) ruled...

Updated 16 Mar, 2024 03:06pm

Business & Finance

Pending refunds: five RTOs comply with FTO’s directives

ISLAMABAD: The Regional Tax Offices (RTOs) of Karachi, Gujranwala, Faisalabad, Lahore and Sialkot have followed...

Published 15 Mar, 2024 04:14am