Minister pleads reduced tax rates for telecom sector, mobile handsets ISLAMABAD: Federal Minister for Information Technology and Telecommunication Syed Aminul Haque pleaded reduced tax... Published 09 Aug, 2023 05:33am
BR Research MCB: Investments and current account drive profit MCB Bank Limited (MCB) doubled on the impressive first quarter, raking in record half yearly after-tax profits at... Published 07 Aug, 2023 08:18am
Business & Finance Tax expert accused of harming reputation of FBR officers LAHORE: The Federal Board of Revenue (FBR) Deputy Commissioner Ali Saleh Hayat Kalyar has sent a legal notice to... Published 01 Aug, 2023 06:19am
Opinion ‘Heat economic policy’ It is, indeed, important that Pakistan should continue to deal with its macroeconomic and growth challenges of the... Published 28 Jul, 2023 03:03am
Print Public, private firms alike: Reintroduced tax on bonus shares applicable ISLAMABAD: The reintroduced tax on bonus shares would be applicable on both the public and private companies. Under... Updated 28 Jul, 2023 02:39pm
Business & Finance Tax authorities accused of creating undue ST liabilities LAHORE: Tax authorities are allegedly involved in creating sales tax liabilities on account of output tax against ... Published 26 Jul, 2023 06:17am
Business & Finance Expert says EPT on windfall profits tantamount to double taxation ISLAMABAD: The Excess Profit Tax (EPT) or additional tax on companies making windfall profits is against the basic... Published 23 Jul, 2023 03:25am
Business & Finance ICCI urges govt to engage with real estate industry to resolve tax issues ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has urged federal government to engage with real... Published 23 Jul, 2023 03:25am
Print Dar again says no new tax imposed on agriculture, construction sectors ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Ishaq Dar here Saturday categorically cleared that the... Updated 23 Jul, 2023 07:30pm
Opinion Tax targets versus tax gap — II The State should not collect advance taxes from those who are not chargeable to tax. Provisions like section 236 of... Published 19 Jul, 2023 03:21am
Editorials Same old (tax) story EDITORIAL: With the Stand-By Arrangement (SBA) greenlighted by the IMF (International Monetary Fund), after such a... Published 19 Jul, 2023 03:21am
Business & Finance Delay in allowing effect to court orders tantamount to maladministration: FTO LAHORE: The Federal Tax Ombudsman (FTO) has declared that a delay in allowing effect to the higher court orders by... Published 18 Jul, 2023 05:51am
Opinion ‘Tax targets versus tax gap’ This is apropos a Business Recorder two-part op-ed ‘Tax targets versus tax gap’ carried by the newspaper on... Published 17 Jul, 2023 03:47am
Pakistan Penalty imposition: Tax officers accused of failing to prove concealment of income LAHORE: Taxation officers are accused of not proving deliberate deduction by taxpayers while disallowing ... Published 13 Jul, 2023 04:50am
Print Salaried class launches drive against tax hike ISLAMABAD: Salaried class has launched a campaign against the substantial increase in the incidence of tax on... Updated 09 Jul, 2023 09:53pm
Opinion Retrospective tax on windfall income discourages corporatization—I A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023... Updated 07 Jul, 2023 06:10am
Business & Finance Possible enforcement of Sec 99D of IT Ord: Litigation between FBR, sectors making windfall profits feared ISLAMABAD: Leading tax experts have apprehended that litigation will start between the Federal Board of Revenue ... Published 07 Jul, 2023 05:24am
Opinion Super tax and tax on bonus: misinterpretation of basic accounting–II Now, if the rationale, intention and equitability have to prevail, the following will be the answer: the tax super... Updated 06 Jul, 2023 06:24am
Business & Finance Tax authorities accused of issuing ‘implausible’ audit notices LAHORE: Tax authorities are accused of issuing notices without clarity and explicit reasons for selection of tax... Published 05 Jul, 2023 06:00am
Print Income of shareholder of company: 10pc tax paid on bonus shares to be ‘final tax’ ISLAMABAD: Ten percent tax paid on bonus shares would be the “final tax”, on the income of the shareholder of the... Updated 02 Jul, 2023 03:17pm
Business & Finance China unveils $72bn tax break for green cars to spur demand BEIJING/SHANGHAI: China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package to boost sales of electric... Published 26 Jun, 2023 06:38am
Business & Finance Banks to collect taxes, duties on 27th, 28th & 30th: SBP KARACHI: The State Bank of Pakistan (SBP) has issued instructions for collection of taxes and duties on 27th, 28th... Published 25 Jun, 2023 02:57am
Editorials 4-month KP budget EDITORIAL: KP (Khyber Pakhtunkhwa) chief minister’s advisor on finance Himayatullah Khan presented a Rs462.4... Published 25 Jun, 2023 02:57am
Editorials Vicious cycle of smuggling, tax evasion EDITORIAL: Speakers at a briefing arranged by Ipsos for parliamentarians to discuss tax evasion in five major ... Published 24 Jun, 2023 06:02am
Business & Finance Overseas Pakistani: FTO concerned over repeated changes in tax jurisdiction ISLAMABAD: The Federal Tax Ombudsman (FTO) has expressed serious concern over repeated changes in the tax... Published 21 Jun, 2023 05:21am
Business & Finance PTA to hire consultants over most efficient/effective tax model ISLAMABAD: The Pakistan Telecommunication Authority (PTA) is planning to hire tax consultants to propose the most... Published 20 Jun, 2023 03:16am
Business & Finance Multinational cos propose 30pc cut in FED on cigarettes ISLAMABAD: A multinational cigarette manufacturing company has approached the government to reduce the Federal ... Published 20 Jun, 2023 03:16am
BR Research Seizing SEZ investments Pakistan badly needs investments in productive sectors– both from within and outside. And the urgency could not be... Published 16 Jun, 2023 08:00am
Business & Finance 10-year tax holiday a must to realise IT export potential of $15bn: P@SHA ISLAMABAD: The country is unlikely to realise the information technology export potential of $ 15 billion within the... Published 14 Jun, 2023 06:21am
BR Research Budget FY24 – what’s there for IT? The IT sector was among the sectors that received some relief measures in the Budget. According to the finance... Published 12 Jun, 2023 08:34am
