Family expenses: FTO deattaches taxpayer’s bank account LAHORE: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jan has directed the tax authorities to de-attach the bank... Published 02 May, 2023 05:59am
Business & Finance Dar urges FBR to boost tax revenue collection efforts Finance minister chaired meeting on FBR's revenue performance at Finance Division Updated 25 Apr, 2023 05:16pm
Business & Finance Cigarette retailers seek PM intervention for FED reversal LAHORE: The All Pakistan Central Union Pan-Cigarette Beverage Retailers has sought Prime Minister Shehbaz Sharif... Published 20 Apr, 2023 06:30am
Business & Finance Refund claim: FTO unearths maladministration by RTO officials ISLAMABAD: Federal Tax Ombudsman (FTO) has unearthed serious maladministration committed by the officials of the... Published 13 Apr, 2023 06:37am
Editorials FBR: implausible excuses EDITORIAL: It beggars belief that on the one hand FBR (Federal Bureau of Revenue) says it is improving its digital... Published 02 Apr, 2023 03:02am
Markets Indian mutual funds see debt inflows before tax tweak kicks in MUMBAI: Indian mutual funds are seeing a spurt in inflows into debt-oriented schemes ahead of a change in the... Published 30 Mar, 2023 06:35am
Business & Finance India likely to propose removing long-term tax benefits for debt mutual funds NEW DELHI: India may propose that investments in debt mutual funds be taxed as short-term capital gains, according... Published 24 Mar, 2023 10:24am
Business & Finance Tax officers accused of violating law by determining profit margins arbitrarily LAHORE: Tax authorities are involved in violating law by determining arbitrary profit margins in relation to a... Published 24 Mar, 2023 05:55am
Business & Finance Taxpayers exploiting FTO forum to defeat hierarchy of tax laws LAHORE: Taxpayers are exploiting the forum of Federal Tax Ombudsman (FTO) to defeat a complete mechanism and... Published 18 Mar, 2023 06:14am
Opinion New FATF guidelines: Shell companies and beneficial ownership Shell companies are considered the safest means to stash wealth created through criminal activities. Incorporation ... Updated 17 Mar, 2023 06:42am
World UK plans 11bn sterling business tax break in budget: Bloomberg News British finance minister Jeremy Hunt will hand businesses a three-year tax break worth 11 billion pounds ($13.23... Published 11 Mar, 2023 09:22pm
Editorials What’s behind lower revenue collection? EDITORIAL: The shortfall in Federal Board of Revenue’s (FBR’s) collection for the first eight months of the... Published 10 Mar, 2023 03:46am
Business & Finance FTO directs FBR to probe matter involving a bank ISLAMABAD: Federal Tax Ombudsman (FTO) on Thursday directed the Federal Board of Revenue (FBR) to probe the matter ... Published 10 Mar, 2023 03:46am
World Afghanistan coffers swell as Taliban taxman collects TORKHAM: A dusty logjam of trucks inches across a rut in the mountains splitting Pakistan and Afghanistan, teeming... Published 09 Mar, 2023 11:59am
Business & Finance Exchange fluctuations: Foreign firms’ subsidiaries not allowed to cut income LAHORE: Tax authorities are not allowing subsidiaries of foreign companies to deduct the loss on income from ... Published 09 Mar, 2023 06:23am
Business & Finance India raises crude oil windfall tax, cuts diesel export tax NEW DELHI: India raised its windfall tax on crude oil marginally while cutting the tax on exports of diesel,... Published 05 Mar, 2023 03:36am
Business & Finance Well-known outlet sealed over failure to install PoS app RAWALPINDI: The Regional Tax Office (RTO), Rawalpindi, on Thursday sealed a famous business outlet over failure to... Published 03 Mar, 2023 06:12am
Business & Finance ‘Arbitrary’ notices irk beverage firms LAHORE: Issuance of arbitrary tax notices to the beverage sector firms without referring disputed matters to the... Published 02 Mar, 2023 06:23am
Business & Finance Non-resident banking company: Profit on debt, capital gains from debt, debt instruments exempted from tax ISLAMABAD: The federal government has exempted profit on debt and capital gains from debt and debt instruments from... Published 01 Mar, 2023 06:21am
Business & Finance OGDCL announces financial results ISLAMABAD: The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting held on 22nd... Published 23 Feb, 2023 05:52am
Business & Finance Excessive deductions: FTO asks FBR to stop taxing hired lecturers LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Federal Board of Revenue (FBR) to stop... Published 22 Feb, 2023 03:30am
Business & Finance SCBPL delivers record financial performance KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) has delivered a record profit before tax of Rs 50.1... Published 22 Feb, 2023 03:30am
Business & Finance The Finance (Supplementary) Bill 2023: an analysis INCOME TAX: CAPITAL GAIN ON DISPOSAL OF SECURITIES OTHER THAN THROUGH STOCK EXCHANGE/NCCPL Capital gains arising on... Updated 18 Feb, 2023 04:04am
Business & Finance FTO asks FBR to refund Rs19,245 to ex-employee ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to allow a refund pending... Published 07 Feb, 2023 06:07am
Business & Finance Punjab govt collects tax of over Rs154bn through e-Pay LAHORE: The case flow management system and e-Pay Punjab, developed by the Punjab Information Technology Board ... Published 07 Feb, 2023 06:07am
Business & Finance July-January 2022-23: Rs4bn increase in revenue collection ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 537 billion during January 2023 against... Published 01 Feb, 2023 05:58am
Business & Finance Refundable WWF should only be refunded from WWF account: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has directed Member Inland Revenue (Operations) to bifurcate the ... Published 31 Jan, 2023 06:01am
Print New tax raising steps under consideration Proposed measures include increase in rates of withholding taxes, more indirect taxation, three percent flood levy on imports, and tax on banks’ foreign exchange income Updated 18 Jan, 2023 12:40pm
Print State revenue: FTO directs FBR to implement effective mechanism ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to implement an effective... Updated 18 Jan, 2023 08:44am
Business & Finance FBR creates new office for appeals in Islamabad ISLAMABAD: The Federal Board of Revenue (FBR) has created a new office of Commissioner Inland Revenue (Appeals-V),... Published 18 Jan, 2023 06:22am
