Taxing work and subsidising non-work Turns out that there’s a Salaried Class Alliance (SCA), based in Karachi, which describes itself as a... Updated 27 Jul, 2023 07:00am
Business & Finance Unchallenged income tax demands: FTO orders probe against FBR officials for delay in recovery ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered to conduct an investigation against senior officials of the... Published 27 Jul, 2023 06:26am
Business & Finance Pensioners, senior citizens, members of Shuhada families: FBR faces probe for computing wrong income tax liability ISLAMABAD: The Federal Tax Ombudsman (FTO) has decided to conduct an investigation against the Federal Board of... Published 25 Jul, 2023 06:20am
Business & Finance Salaried group: calculate your income tax for FY24 here As salaried persons await their first monthly inflow after the revised income tax rates, Business Recorder helps you calculate what you can expect on the 1st of each month Updated 21 Jul, 2023 06:32pm
Opinion Another hybrid body needed to widen the tax net The addition of Special Facilitation Investment Council (SFIC) to the already existing hybrid organization and... Updated 21 Jul, 2023 07:12am
Print Section 4C of Income Tax Ord will only have prospective effect: IHC ISLAMABAD: The Islamabad High Court (IHC) held that Section 4C of the Income Tax Ordinance, 2001 as read down, will... Updated 21 Jul, 2023 09:30am
Print Pensioners, senior citizens, Shuhada’s families: FBR urged to address issue of reduction in income tax liability ISLAMABAD: The Federal Board of Revenue (FBR) Policy Wing should immediately address an issue of reduction in income... Updated 17 Jul, 2023 09:37am
Print CCP urges SBP to enable SMEs to avail lower interest rates ISLAMABAD: The Competition Commission of Pakistan (CCP) has asked the State Bank of Pakistan (SBP) to make it easier... Updated 16 Jul, 2023 09:21am
Pakistan ‘National Freelancing Policy’ drafted ISLAMABAD: The Ministry of Information Technology and Telecommunication has drafted “National Freelancing... Published 14 Jul, 2023 06:23am
Opinion Retrospective tax on windfall income discourages corporatization—II Whereas, if we compare the Indian windfall tax/duty to the Pakistani windfall tax, it is clear that Section 99D is... Published 10 Jul, 2023 06:52am
Print FBR issues tax expenditure report-2023: More exemptions, concessions given during 2021-22 ISLAMABAD: The Federal Board of Revenue (FBR) has given more sales tax exemptions, zero-rating and concessions to... Updated 08 Jul, 2023 09:02am
Business & Finance PALSP criticises ‘dual tax system’ ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised strong concerns over ‘unfair and... Published 06 Jul, 2023 05:42am
Print Shares transactions of listed cos: Procedure of capital gain on disposal of securities to remain applicable ISLAMABAD: The procedure of capital gain on disposal of securities will remain applicable on transactions of shares... Updated 29 Jun, 2023 03:25pm
Print Number of income tax return filers crosses 4m mark ISLAMABAD: The latest number of income tax return filers as per the Active Taxpayers List (ATL) now stands at over 4... Updated 29 Jun, 2023 03:24pm
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II SALES TAX INCREASE IN RATE OF FURTHER TAX Published 29 Jun, 2023 04:19am
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–I The Federal Government presented Finance Bill, 2023(‘FB’) in the National Assembly on June 9, 2023. After the... Published 28 Jun, 2023 06:31am
Print FBR issues increased income tax slabs for salaried class ISLAMABAD: The new income tax slabs for the salaried class under the amended Finance Bill 2023 revealed that higher... Updated 26 Jun, 2023 09:17am
World Biden’s son Hunter reaches plea deal on gun, tax charges WASHINGTON: US President Joe Biden’s son Hunter has agreed to plead guilty to two counts of failure to pay federal... Published 21 Jun, 2023 05:21am
World India government direct tax collections rise 11% in April-June NEW DELHI: The Indian government said on Sunday that its net direct tax receipts rose 11% year-on-year to 3.80... Published 18 Jun, 2023 08:16pm
Business & Finance Telecom operators demand relief in taxes, duties ISLAMABAD: Telecom operators have demanded a reduction in advance income tax, federal excise duty on telecom... Published 17 Jun, 2023 06:13am
Business & Finance ‘Telecom sector faces challenges of dollarised cost structure’ ISLAMABAD: Telecom sector has warned perverse policy of pegging spectrum fees to the dollar pushing the country into... Published 17 Jun, 2023 06:13am
Business & Finance Govt accused of giving boost to undocumented retail sector thru budget LAHORE: The budget 2023-24 has given more relaxation to the undocumented and unregistered retail sector and... Published 16 Jun, 2023 06:27am
Business & Finance FBR proposes changes in tax laws to check profit shifting by MNCs ISLAMABAD: The Federal Board of Revenue (FBR) has proposed changes in tax laws to check the “profit shifting” by... Published 13 Jun, 2023 06:00am
Print Tax expenditures constitute 36.43pc of FBR tax collection? ISLAMABAD: The tax expenditures remained 36.43 percent of the total Federal Board of Revenue (FBR) tax collection in... Updated 12 Jun, 2023 08:43am
Print Sugar import: Cut in tax rates amongst reasons behind huge income tax exemptions cost ISLAMABAD: The reduction in tax rates including withholding tax on the import of sugar is one of the reasons for... Updated 12 Jun, 2023 08:43am
Business & Finance Comments on FY2023-24 Budget The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed... Updated 12 Jun, 2023 06:46am
Business & Finance REITs schemes: Tax exemption extended up to 30th ISLAMABAD: The income tax exemption available to Real Estate Investment Trusts (REITs) schemes has been extended up... Published 11 Jun, 2023 03:55am
Print SALIENT FEATURES GUIDING PRINCIPLES: No increase of duties on import of essential items Trade facilitation and ease of doing... Published 10 Jun, 2023 05:01am
Business & Finance NOTES ON CLAUSES Clause 3(1)? Seeks to amend section 2 (s) to enable Pakistan Customs ... Published 10 Jun, 2023 05:01am
Business & Finance ‘WHT levy based on invoice price’ PAMA voices its concern over budget proposal KARACHI: Local auto assemblers have expressed concerns over a budget proposal for the fiscal year 2023-24, which... Published 03 Jun, 2023 03:52am
