‘Released’ consignments: Customs Adjudication can’t recover short levy, tax: SHC ISLAMABAD: The Sindh High Court (SHC), Tuesday, declared that the officers of the Collectorate of Customs... Updated 30 Nov, 2022 09:57am
Editorials Incorrigible FBR EDITORIAL: A ‘unique scam involving tax officials’ unearthed by the Federal Tax Ombudsman (FTO), according to a... Published 27 Nov, 2022 05:58am
Print IT, ST, FED: FBR plans ballot to select cases for audit ISLAMABAD: The Federal Board of Revenue (FBR) is planning to conduct computerised balloting for selecting the cases... Updated 21 Nov, 2022 12:29pm
Opinion Putting the record straight: a rejoinder In response to our article [FBR: dismal income tax collection, Business Recorder, November 11, 2022], the Federal... Updated 18 Nov, 2022 10:29am
Print ATIR Islamabad verdict: State of residence can tax on income from property in UAE ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) Islamabad has declared that there is no bar under international... Updated 15 Nov, 2022 09:45am
Business & Finance Broadening tax base: Two directorates made functional: FBR FBR clarifies that the present policy of FBR and the Federal Government is also based on a direct tax-dominated system Updated 13 Nov, 2022 09:43am
Opinion FBR: dismal income tax collection The continuously declining dismal share of income tax in overall tax collection during the last many years testifies... Published 11 Nov, 2022 05:54am
Opinion Calamities, debt crisis, growth: prospects — II H istorical precedents show the many ways in which various sectors of the economy do this. As rising debt causes a... Published 16 Oct, 2022 03:53am
Business & Finance Overseas Pakistanis Grievances Redressal Cell set up in FTO Secretariat ISLAMABAD: The Federal Tax Ombudsman (FTO) has established the Overseas Pakistanis Grievances Redressal Cell (OPGRC)... Published 15 Oct, 2022 05:38am
Print High net-worth individuals: FBR issues over 1m notices ISLAMABAD: The Federal Board of Revenue (FBR) has issued over one million notices to income tax and sales tax... Updated 09 Oct, 2022 09:55am
Business & Finance Collection strategy: FBR to hold meetings with PM, Dar ISLAMABAD: The Federal Board of Revenue (FBR) will hold meetings with Prime Minister Shehbaz Sharif and Finance... Published 05 Oct, 2022 05:49am
Business & Finance FY22 IT refund payments plunge 40.6pc to 54.22bn YoY ISLAMABAD: The Federal Board of Revenue (FBR) paid income tax refunds of Rs54.221 billion during 2021-22 against... Published 04 Oct, 2022 06:48am
World UK’s Truss forced into U-turn on tax after week of market turmoil BIRMINGHAM, (England): British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less... Published 04 Oct, 2022 05:55am
Opinion Growth in FBR revenue The revenue collection target set for FBR in 2022-23 is Rs 7,470 billion, equivalent to 8.9% of the projected GDP,... Published 04 Oct, 2022 05:55am
Opinion History of taxation: a perspective Taxes are share of state in income, production and consumption and never liked by individuals or corporate bodies.... Published 28 Sep, 2022 05:51am
Business & Finance Withdrawal of ‘advance income tax’ sought ISLAMABAD: Tobacco farmers admitted that the advance income tax of Rs390 per kilogram on tobacco is not applicable ... Published 28 Sep, 2022 05:51am
Opinion Deemed rent–indeed, a bad law This is the second article on the subject. A concept of tax on deemed rent has been introduced by the Finance Act,... Published 14 Sep, 2022 04:45am
Business & Finance Assessment, audit: concurrent FBR notices irk taxpayers LAHORE: Concurrent tax notices for assessment and audit, issued simultaneously by assistant, deputy and additional... Updated 06 Sep, 2022 12:52pm
Print Finance Act: LHC urged to strike down ‘tax on foreign assets’ clause ISLAMABAD: The Lahore High Court (LHC) has been prayed to strike down clause (b) of sub-section (2) of section 8 of... Updated 04 Sep, 2022 09:06am
Print Cos, AoPs and individuals: FTO warns FBR against ‘illegal’ collections in tribal areas ISLAMABAD: The Federal Tax Ombudsman (FTO) has warned the Federal Board of Revenue (FBR) to refrain from illegal... Updated 28 Aug, 2022 09:23am
Print Fixed tax decision deferment: Only an ordinance can help govt avert revenue loss Government set to bear revenue gap of Rs40b Updated 06 Aug, 2022 09:18am
Pakistan Tax on ‘foreign allowance’: FO officers threaten to go on pen-down strike ISLAMABAD: Officers of the Foreign Office (FO) have warned of a pen-down strike against the imposition of income tax... Updated 31 Jul, 2022 09:55am
Pakistan Miftah directs FBR to resolve PTEA’s refunds issue ISLAMABAD: Finance Minister Miftah Ismail Tuesday directed the Federal Board of Revenue (FBR) to take the required... Published 27 Jul, 2022 05:23am
Business & Finance Finance Act: FBR expands scope of resident individual ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of the definition of resident individual... Updated 23 Jul, 2022 01:31pm
Editorials A long IMF rigmarole EDITORIAL: There is intense speculation as to the reasons behind the tardy progress in the Pakistan authorities... Published 14 Jul, 2022 05:00am
Print FBR: cost of GST exemption 49.9pc of tax expenditure Larger share of exemptions has been granted at import stage Updated 13 Jul, 2022 09:16am
Print FBR exceeds upward revised collection target ISLAMABAD: The Federal Board of Revenue (FBR) has collected net revenue of Rs6,125 billion during the whole fiscal... Updated 01 Jul, 2022 11:03am
Business & Finance GST, IT and export rebate: FBR has paid off pending claims: Miftah ISLAMABAD: Finance Minister Miftah Ismail Thursday said that the Federal Board of Revenue (FBR) has paid all... Published 01 Jul, 2022 06:13am
Opinion Current tax regime – an impediment to growth Pakistan’s tax regime is perhaps one of the biggest impediments to economic growth. High tax rates and complexity... Updated 29 Jun, 2022 09:00am
Print Finance bill further amended Amended bill 2022 may reduce 17 per cent sales tax to only one per cent on the import of active pharmaceutical ingredients with continuation of the zero-rating scheme on local sales Updated 29 Jun, 2022 10:34am
