Sales tax returns filing: KCCI asks FBR to rectify technical errors KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has asked the Federal... Published 24 Nov, 2023 05:29am
Business & Finance ‘Non-compliance’ with tax laws: SRB takes punitive action against restaurant chain KARACHI: The Sindh Revenue Board (SRB) on Thursday sealed two locations of the popular Red Apple restaurant chain... Published 24 Nov, 2023 05:29am
Business & Finance Manufacturing premises: FBR refuses DA to IR staff ISLAMABAD: The Federal Board of Revenue (FBR) has refused to grant daily allowance (DA) to the officers/ staff of... Published 23 Nov, 2023 03:19am
Opinion Export or perish The fundamental problem of our economy is that balance of payments crises and a perpetual risk of default have ... Updated 20 Nov, 2023 07:16am
Business & Finance Court matters: FBR Policy Wing IR refuses to give policy viewpoint ISLAMABAD: The Federal Board of Revenue (FBR) Policy Wing of Inland Revenue has refused to give policy viewpoint in... Published 17 Nov, 2023 06:06am
Print Registered persons: FBR to expand scope of e-ST integration system ISLAMABAD: The Federal Board of Revenue (FBR) has decided to expand the scope of an electronic sales tax (e-ST)... Updated 11 Nov, 2023 08:54am
Print Goods transporters, oil tanker owners: SRB directs 57 cos to add new category to SST profiles KARACHI: The Sindh Revenue Board (SRB) has directed 57 intercity goods transporters and oil tanker owners to add... Updated 09 Nov, 2023 10:26am
Print Tax against reprocessing, repacking of goods termed ‘wrong’ LAHORE: Both the customs and sales tax authorities are wrongfully charging excise duty and sales tax against... Updated 05 Nov, 2023 09:22am
Print ‘Further sales tax’ and ‘extra sales tax’: conflicting FBR accounts cause a great deal of confusion ISLAMABAD: The conflicting legal clarifications of the Federal Board of Revenue (FBR) on the chargeability of extra... Updated 03 Nov, 2023 10:11am
Business & Finance PRA collects credit and debit card sales data LAHORE: The Intelligence and Prosecution Cell (IPC) of the Punjab Revenue Authority has taken access to all credit... Published 02 Nov, 2023 03:16am
Opinion Budgetary outcome in first quarter The information on fiscal operations in the first quarter of 2023-24 by the Federal and the four Provincial... Published 31 Oct, 2023 05:26am
Business & Finance FTO asks FBR to form experts’ team to eliminate fake/flying invoices ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a team of sales... Published 27 Oct, 2023 05:16am
Business & Finance Towel exporters demand payment of sales tax refunds KARACHI: Syed Usman Ali, the Senior Vice Chairman of the Towel Manufacturers Association of Pakistan, has voiced... Updated 25 Oct, 2023 08:47am
Print Telecom sector: FBR to implement single portal for ST return filing ISLAMABAD: The Federal Board of Revenue (FBR) will implement a single portal for filing of single sales tax returns... Updated 22 Oct, 2023 05:47pm
Print Restriction imposed by FBR: Traders facing issues while filing sales tax returns ISLAMABAD: The importers and traders are facing serious technical problems in filing of sales tax returns due to... Updated 21 Oct, 2023 09:47am
Pakistan PRA attaches bank account of TikTok star LAHORE: The Punjab Revenue Authority (PRA) has attached the bank account of Dolly’s beauty salon in the area of... Published 18 Oct, 2023 06:09am
Print I&I-IR detects illegal adjustments of Rs70bn input tax ISLAMABAD: The Directorate General Intelligence and Investigation Inland Revenue (I&I-IR)’s national... Updated 15 Oct, 2023 09:37am
Print ‘Illicit cigarettes to inflict Rs300bn annual loss on kitty’ ISLAMABAD: The documented tobacco industry has estimated to pay Rs242 billion federal excise duty/sales tax in the... Updated 13 Oct, 2023 08:46am
Print New circular of FBR raises eyebrows KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns about a new circular introduced by the Federal Board... Updated 12 Oct, 2023 08:42am
Business & Finance Deceased taxpayers: FBR issues SOP for deregistration of NTNs, STRNs ISLAMABAD: The Federal Board of Revenue (FBR) has issued a Standard Operating Procedure (SOP) for deregistration of... Published 12 Oct, 2023 05:57am
Business & Finance APTMA seeks ‘competitive’ electricity tariff ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought electricity tariff competitive with regional... Updated 10 Oct, 2023 08:47am
Business & Finance Collection of sales info at business points: Punjab govt introduces latest technique of video vigilance LAHORE: Punjab government has introduced latest technique of video vigilance to collect sales information at ... Published 07 Oct, 2023 06:01am
Business & Finance ‘Customs denying exemption to importers of HEVs’ LAHORE: Customs authorities are allegedly denying exemption to the importers of Hybrid Electric Vehicles (HEVs) ... Published 04 Oct, 2023 06:20am
Business & Finance Insurance industry paid Rs34.3bn against taxes, duties in 2022 ISLAMABAD: The insurance industry has paid taxes/duties of Rs34.3 billion to the exchequer during 2022 including... Updated 03 Oct, 2023 08:43am
Pakistan Two accused held under Section 37A of ST Act 1990 ISLAMABAD: In an effort to curb the menace of fake and flying invoices, Directorate of Inland Revenue Intelligence... Published 29 Sep, 2023 06:24am
Print Identifying new taxpayers: Shamshad seeks data of electricity users ISLAMABAD: The caretaker Minister for Finance and Revenue, Dr Shamshad Akhtar, has sought updated data of... Updated 25 Sep, 2023 09:31am
Print ‘Transactions’ through fake firm: FBR unearths massive Rs214.8bn sales tax fraud KARACHI: Directorate of Internal Audit IR, Karachi has unearthed a massive sales tax fraud perpetrated by a... Updated 24 Sep, 2023 09:16am
Print GST evaded through flying invoices estimated at Rs5-6trn Use of fake/flying invoices to commit sales tax fraud increases after facilitation, automation and easy ways to get sales tax registrations Updated 22 Sep, 2023 10:00am
Editorials Inflation will remain a challenge EDITORIAL: The sensitive price index (SPI), computing the prices of 51 essential items from 50 markets in 17 cities,... Published 13 Sep, 2023 06:17am
Print Documentation requirements: Paperless environment not possible: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has said that a completely paperless environment for taxpayers is not... Updated 13 Sep, 2023 08:55am