FBR restructuring: a recipe for disaster–I While briefing the Senate Committee on Finance, Chairman FBR confirmed that the proposed restructuring of FBR... Published 28 Jan, 2024 02:43am
Print Govt lacks space to pay pending ST refunds: FTO ISLAMABAD: Federal Tax Ombudsman (FTO) has analysed that the government has no fiscal space for making pending sales... Updated 28 Jan, 2024 04:51pm
Business & Finance Steel re-rolling mills: Tax authorities ignoring special procedure for tax collection? LAHORE: Tax authorities are accused of ignoring amendments to the sales tax law devising special procedure for steel... Published 27 Jan, 2024 06:20am
Business & Finance Sales: tax practitioners point out major anomaly LAHORE: Treating sales alone as income without considering purchases in order to establish suppression of sales is... Published 18 Jan, 2024 05:54am
Print ‘Further sales tax or extra tax’: FBR fails to deal with legal issue of chargeability ISLAMABAD: The Federal Board of Revenue (FBR) has failed to effectively deal with the legal issue of chargeability... Updated 17 Jan, 2024 08:39am
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 Fast-moving consumer goods: FBR gives deadline for ST digital invoicing ISLAMABAD: The Federal Board of Revenue (FBR) has given deadline of February 1, 2024 to all importers/ dealers/... Updated 12 Jan, 2024 09:46am
Business & Finance Sales tax department fails to establish ‘suppression of supplies’ LAHORE: The sales tax department has failed to establish suppression of supplies after its failure to issue fresh... Published 11 Jan, 2024 06:15am
Print 30pc taxpayers have obtained ST registration to get sales tax refunds fraudulently? ISLAMABAD: Around 30 percent of the total sales tax registered persons (397,000) have obtained sales tax... Updated 10 Jan, 2024 10:12am
Business & Finance Expert for transferring agri tax to federation LAHORE: Renowned tax expert Dr Ikramul Haq has proposed transferring the taxation of agricultural income to the... Published 10 Jan, 2024 05:22am
Business & Finance SRB seals premises of Toro Fitness Ltd KARACHI: The Sindh Revenue Board (SRB) has sealed the premises of M/s Toro Fitness (Private) Limited, located in... Published 09 Jan, 2024 04:18am
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 Forging ST returns of registered taxpayers: FTO directs FBR to take action against hackers ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take action against... Updated 30 Dec, 2023 03:14pm
Print ‘Notices to deceased persons’: PTBA urges FBR to upgrade its system ISLAMABAD: Pakistan Tax Bar Association of Pakistan (PTBA) has asked Federal Board of Revenue (FBR) to upgrade its... Published 28 Dec, 2023 04:52am
Editorials ‘Progress moderately satisfactory’ EDITORIAL: The World Bank has evaluated the ‘Pakistan Raises Revenue project’ as moderately satisfactory. Three... Published 27 Dec, 2023 05:15am
Opinion Claim of input tax under Sales Tax Act, 1990 General, The Federal Board of Revenue (FBR) has proposed a fundamental change in the Federal Sales Tax system which... Updated 19 Dec, 2023 05:41am
Print Q1 GST collection by Sindh govt up 43pc to Rs48.298bn YoY ISLAMABAD: Sales tax on services (GST) collection by the Sindh government rose to Rs48.298 billion during the first... Updated 17 Dec, 2023 07:30pm
Business & Finance GST-registered persons: FBR body to evaluate applications for licenses ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee to evaluate applications for grant of... Published 15 Dec, 2023 03:12am
Editorials Monetary policy blues EDITORIAL: The Monetary Policy Committee (MPC) in its meeting of 12 December 2023 kept the discount rate unchanged... Published 14 Dec, 2023 05:24am
Pakistan SRB seals two outlets of burger restaurant chain KARACHI: Sindh Revenue Board (SRB) officials sealed two outlets of popular burger restaurant chain Burger O’clock... Published 13 Dec, 2023 05:33am
Business & Finance Fast-moving consumer goods: FBR issues SRO ISLAMABAD: The Federal Board of Revenue (FBR) has directed all importers, manufacturers, wholesalers/ dealers/... Published 13 Dec, 2023 05:33am
Business & Finance Provincial revenue authorities’ approach to sales tax on services comes under criticism LAHORE: Provincial revenue authorities are considering salaries as part of service to charge sales tax on services... Published 12 Dec, 2023 05:28am
Print Q1: Provinces’ budget surplus dips 76pc YoY ISLAMABAD: The provinces have generated a budget surplus of Rs51.403 billion in the first quarter of the ongoing... Updated 09 Dec, 2023 04:34pm
Business & Finance Multinational companies: FBR decides to implement e-ST integration system ISLAMABAD: The Federal Board of Revenue (FBR) has decided to implement an electronic sales tax (e-ST) integration... Published 09 Dec, 2023 05:46am
Business & Finance Computerised system: FBR asks integrated suppliers to declare all outlets ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for the integrated suppliers to declare all ... Published 08 Dec, 2023 05:20am
Business & Finance Faulty procedure of issuing show-cause notice: Sales tax dept misses tax collection opportunity LAHORE: The sales tax department missed the opportunity for tax collection because of a faulty procedure of issuing ... Published 07 Dec, 2023 04:35am
Print Only photovoltaic cells exempted from sales tax: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the exemption of sales tax previously available on... Updated 02 Dec, 2023 03:33pm
Business & Finance Exporter succeeds in obtaining input tax against alleged fake/flying invoices LAHORE: A silk manufacturer cum exporter has succeeded in obtaining input tax against the alleged fake/flying... Published 01 Dec, 2023 04:43am
Business & Finance FBR pays refunds/customs rebates of Rs335.6bn in 2022-23 ISLAMABAD: The Federal Board of Revenue (FBR) has paid refunds/customs rebates of Rs335.6 billion during 2022-23 as... Published 29 Nov, 2023 05:09am
Pakistan Customs employee arrested for suspected links with gang ISLAMABAD: Directorate General of Intelligence and Investigation Inland Revenue has arrested a customs employee of... Published 27 Nov, 2023 06:13am