Domestic collection improvement: FBR presents strategy to Shamshad ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, presented a plan before the Ministry of Finance to improve... Updated 13 Sep, 2023 08:53am
Opinion Tax expenditure as subsidy to elites: myth or reality? In the last ten or so years, economic issues and tax collection by FBR has been brought increasingly under focus.... Published 12 Sep, 2023 06:51am
Opinion Sales tax blues Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its... Published 11 Sep, 2023 06:32am
Print Four held as IR Intelligence busts ‘fake sales tax invoice mafia’ ISLAMABAD: Inland Revenue Intelligence Directorate Karachi has busted an inter-province gang of fake/ flying sales... Updated 11 Sep, 2023 08:39am
Print Fake/flying invoices: Taxmen told to conduct probe into cases of big cos ISLAMABAD: The Federal Board of Revenue (FBR) has directed the tax officials to investigate cases of commercial... Updated 09 Sep, 2023 09:01am
Business & Finance PIDE conference ‘Govt relies heavily on indirect taxes resulting in overwhelming collective revenues’ ISLAMABAD: Economists at a roundtable conference organised by the Pakistan Institute of Development Economics (PIDE)... Published 08 Sep, 2023 06:01am
Business & Finance Textile export boost key to economic revival: TMA KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan has expressed... Published 07 Sep, 2023 06:21am
Print Assigning assessment-related duties: FTO asks FBR to restrain IRS Audit Cadre officers ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to bar the officers of... Updated 05 Sep, 2023 09:09am
Print COAS explains to businesspeople SIFC potential Emphasises Special Investment Facilitation Council's potential to attract substantial investments of up to 100 billion dollars from countries such as Saudi Arabia, UAE, Kuwait and others Updated 04 Sep, 2023 11:39am
Business & Finance Sales tax law: FBR seeks to introduce concept of ‘Best judgment Assessment’ ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to introduce the concept of “Best judgment ... Published 04 Sep, 2023 06:21am
Print New version of ‘IRIS’: FBR asked to remove errors ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take corrective... Updated 01 Sep, 2023 09:59am
Print 2022-23: Rs160bn ST collected from power sector ISLAMABAD: Total sales tax collection (domestic) from the power sector including electricity bills stood over Rs160... Updated 29 Aug, 2023 09:12am
Business & Finance PRA raids two beauty salons for recovery of sales tax LAHORE: The Punjab Revenue Authority (PRA) raided two leading beauty salons in posh area of Gulberg on Friday to... Published 19 Aug, 2023 06:36am
Business & Finance SRB extends deadline for e-deposit, e-filing KARACHI: The Sindh Revenue Board (SRB) has further extended the last date for e-deposit of Sindh sales tax and... Published 18 Aug, 2023 05:42am
Print Business brands of defaulter co: FBR to auction off trademarks, properties ISLAMABAD: The Federal Board of Revenue (FBR) for the first time has decided to auction the copyrights/ trademarks... Updated 18 Aug, 2023 09:12am
Business & Finance Engro Corporation’s half-year profit up 28% Pakistan’s conglomerate Engro Corporation Limited (ENGRO) posted a Profit After Tax (PAT) of Rs21.47 billion for the... Published 17 Aug, 2023 03:53pm
Business & Finance Access to SRB’s portal marred by unexpected maintenance delay KARACHI: Taxpayers in Karachi are unable to pay provincial sales tax as the tax filing portal of Sindh Revenue Board... Published 17 Aug, 2023 03:49am
Print ST, FED return form: FTO directs FBR to rectify errors ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to rectify errors in the... Updated 12 Aug, 2023 09:10am
Print Exporters trapped in GST refunds: TMA urges govt to restore SRO 1125(I)/2011 in true letter and spirit KARACHI: Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali has expressed severe... Updated 04 Aug, 2023 09:56am
Print Sale tax law: expert approves of new definition of ‘tax fraud’ ISLAMABAD: The acquirers or possessors (traders) of smuggled/ domestic goods, on which sales tax has not been paid,... Updated 31 Jul, 2023 09:46am
Print Sales tax audit procedure redefined ISLAMABAD: The Federal Board of Revenue (FBR) has redefined the sales tax audit procedure including selection of... Updated 28 Jul, 2023 09:21am
Business & Finance Audit officials of ST dept accused of misusing concept of ‘sister companies’ LAHORE: Audit wing officials of the sales tax department are allegedly misusing the concept of sister companies ... Published 28 Jul, 2023 03:02am
Print FBR seeks amendment to Sec 2(37) of ST Act ISLAMABAD: The scope of ‘sales tax fraud’ is intended to be enlarged by the Federal Board of Revenue (FBR) by... Updated 27 Jul, 2023 08:56am
Print Supplies to unregistered persons: ‘Further Tax’ rate raised to 4pc ISLAMABAD: The Federal Board of Revenue (FBR) has increased the rate of ‘Further Tax’ from three to four percent on... Updated 26 Jul, 2023 09:08am
Business & Finance Punjab govt decides to revamp sales tax on services strategy LAHORE: The Punjab government has decided to revamp its strategy on the sales tax on services (STS) to make its... Published 25 Jul, 2023 06:20am
Print Goods under brand name, trademark: Bulk supplies chargeable to GST: FBR ISLAMABAD: The Federal Board of Revenue (FBR) will charge sales tax on bulk supplies of goods made under brand names... Updated 25 Jul, 2023 10:03am
Business & Finance FBR chairman, PPMA team discuss issues related to sales tax regime ISLAMABAD: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) and the Federal Board of Revenue (FBR) on... Published 13 Jul, 2023 04:50am
Print SC says taxing statute should be strictly construed regardless ISLAMABAD: The Supreme Court held that a taxing statute should be construed strictly, even if the literal... Updated 12 Jul, 2023 08:48am
Print Pharmaceutical sector granted major tax relief ISLAMABAD: The government has provided major tax relief to the pharmaceutical sector by allowing the reduced rate of... Updated 10 Jul, 2023 08:51am
Print Restaurants/eateries: Credit/debit card payments allowed at reduced 5pc ST ISLAMABAD: The government has taken a significant documentation measure by allowing credit/debt card payments at a... Updated 10 Jul, 2023 08:57am