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 Telecos agree to start blocking SIMs of non-filers ISLAMABAD: The cellular companies’/ telecom operators have agreed with the Federal Board of Revenue (FBR) to... Published 11 May, 2024 06:22am
Pakistan Income tax refunds’ e-processing: IHC issues notice to Member IR FBR ISLAMABAD: The Islamabad High Court (IHC) has issued a notice to Member Inland Revenue (Policy) Federal Board of... Published 08 May, 2024 06:43am
Business & Finance Blocking SIMs of over 0.5m non-filers: PTA yet to decide on FBR decision ISLAMABAD: The Pakistan Telecommunication Authority (PTA) is yet to decide on the Federal Board of Revenue’s (FBR’s)... Published 03 May, 2024 06:29am
Markets Budget proposals: PBC calls for mining FBR data to identify new taxpayers The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has urged the... Updated 02 May, 2024 10:41pm
Pakistan Widow challenges advance tax against cellular phone services LAHORE: A widow has challenged advance tax against cellular phone services, being not liable to pay income tax or... Published 01 May, 2024 04:14am
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 An interview with Anwar Kashif Mumtaz, President, Pakistan Tax Bar Association ‘Documentation is the only way forward’ Anwar Kashif Mumtaz (Advocate Supreme Court) is a Tax and Corporate Lawyer,... Published 15 Apr, 2024 10:38am
Opinion Deemed income tax on ownership of vacant plot of land incorrect—III Even if the Elahi Cotton Mills Limited is considered to be final on this subject there is a fundamental difference... Published 15 Apr, 2024 03:56am
Opinion Deemed income tax on ownership of vacant plot of land incorrect—II Notwithstanding the fact that this author is not in agreement with the judgement and considers this order identical... Published 14 Apr, 2024 03:33am
Print Steel melters send ‘SOS’ to Discos, FBR LAHORE: The Pakistan Steel Melters Association has sent a SOS signal to DISCOs and FBR as documented steel melters... Updated 10 Apr, 2024 09:49am
Business & Finance Sales Tax Rules 2006: KCCI urges FBR to revisit recent amendments KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to ... Published 16 Mar, 2024 06:26am
Print Construction sector: IMF asks FBR to abolish special tax regime Recommends subjecting sector to standard income tax regime Updated 15 Mar, 2024 04:03pm
Business & Finance Taxpayer claims audit proceedings conducted under repealed provisions LAHORE: A taxpayer has alleged the income tax department to have used repealed provisions of the law to carry out... Published 28 Feb, 2024 06:10am
Opinion ‘Determining fair income tax base’ Business Recorder op-ed writers Huzaima Bukhari, Dr Ikramul Haq and Abdul Rauf Shakoori have highlighted an issue of... Published 24 Feb, 2024 06:42am
Opinion Determining fair income tax base According to the latest data available on the website of Pakistan Telecommunication Authority (PTA), as on December... Published 23 Feb, 2024 06:36am
Print Tax on windfall income case: FBR decides to engage legal counsel KARACHI: In a significant development, the Federal Board of Revenue (FBR) has decided to engage legal counsel to... Updated 22 Feb, 2024 09:12am
World Congress says bank accounts frozen over $25m tax demand NEW DELHI: India’s main opposition Congress party said on Friday its bank accounts had been frozen over a 2.1... Published 17 Feb, 2024 05:51am
Opinion Bridging the huge tax gap The new coalition federal government will soon be in power, after controversial elections of February 8 2024,... Published 16 Feb, 2024 06:02am
Business & Finance Timely return revisions: FBR urged to remove barriers KARACHI: Tax practitioners and filers have expressed serious concerns over barriers in revising submitted tax ... Published 03 Feb, 2024 05:46am
Business & Finance Industrial undertakings: Minimum tax payable despite exemption under Economic Reforms Act LAHORE: Minimum tax is payable by the industrial undertakings despite enjoying exemption under the Economic Reforms... Published 24 Jan, 2024 05:07am
Print Reforms in taxation system demanded PESHAWAR: Members of the business community demanded reforms in the taxation system, and to bring down the ratio of... Updated 22 Jan, 2024 08:55am
Business & Finance E-processing, e-issuance of refund: FBR still requires order by court or FTO’s recommendation ISLAMABAD: In spite of insertion of section 170A in the Income Tax Ordinance 2001 through Finance Act 2021, the... Published 18 Jan, 2024 05:54am
Business & Finance Expert says there’re discrepancies in ATLs’ data ISLAMABAD: There is a significant difference in the number of compliant income taxpayers and sales taxpayers... Published 14 Jan, 2024 03:13am
Print FBR issues ‘final’ notices to non-filers Senior FBR official says blockage of mobile phones will be done positively this month, but 'not necessarily on January 15, 2024' Updated 11 Jan, 2024 10:52am
Print Draft LPG policy aimed at boosting local production finalised ISLAMABAD: Ministry of Energy (Petroleum Division) has finalised draft of Liquefied Petroleum Gas (LPG) Policy 2024,... Updated 08 Jan, 2024 09:52am
Print ATL data of two FBR wings do not match ISLAMABAD: The data of active income/ sales taxpayers of the Federal Board of Revenue (FBR) IT Wing and Inland... Updated 06 Jan, 2024 09:57am
Print Number of active taxpayers reaches 5.3m mark ISLAMABAD: The number of active taxpayers (ATL) has reached 5.3 million as on December 26, 2023. It is learnt that... Updated 27 Dec, 2023 09:53am
Print Income tax returns: FBR warns non-filers of account freeze Starts a countrywide survey of business and commercial units for registration of non-filers Updated 25 Dec, 2023 05:56pm
Print ATIR’s orders: FTO explains what actually constitutes maladministration ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the delay in giving appeal effect to the order which is in... Updated 22 Dec, 2023 09:03am
