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 Year-on-year: Number of complaints against FBR has doubled: FTO ISLAMABAD: The total number of complaints filed by taxpayers with the Federal Tax Ombudsman (FTO) against the ... Published 06 Jul, 2023 05:42am
Business & Finance LTO Karachi collects Rs2,076bn in FY2022-23 KARACHI: The Large Taxpayers Office (LTO), Karachi announced a remarkable achievement as it had collected Rs 2,076... Published 06 Jul, 2023 05:42am
Business & Finance PALSP criticises ‘dual tax system’ ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised strong concerns over ‘unfair and... Published 06 Jul, 2023 05:42am
Opinion Super tax and tax on bonus: misinterpretation of basic accounting—I In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures... Published 05 Jul, 2023 06:00am
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II SALES TAX INCREASE IN RATE OF FURTHER TAX Published 29 Jun, 2023 04:19am
Business & Finance Tax authorities pass assessment orders on incorrect assumptions? LAHORE: Departmental store owners have alleged that the income tax authorities pass the assessment orders without... Published 29 Jun, 2023 04:19am
Print ‘Tax on Deemed Income basis’ on immovable properties: Exemption only for persons appearing on Active Taxpayers’ List ISLAMABAD: The exemption from payment of “Tax on Deemed Income basis” on immovable properties would only be... Updated 28 Jun, 2023 09:00am
Print KTBA says ‘IRIS’ has stopped incorporating credit notes KARACHI: The FBR portal ‘IRIS’ has stopped incorporating credit notes during the process of filing of sales tax... Updated 27 Jun, 2023 08:59am
Print Meeting revenue collection targets: IR officials accused of attaching bank accounts ISLAMABAD: The Inland Revenue field formations have been accused of attaching the bank accounts of different... Updated 21 Jun, 2023 08:57am
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 Resident individuals: FBR prescribes ‘foreign income and assets statement’ ISLAMABAD: The Federal Board of Revenue (FBR) has prescribed a “foreign income and assets statement” for ... Published 21 Jun, 2023 05:21am
Editorials Budget doesn’t help govt broaden tax base EDITORIAL: The International Monetary Fund (IMF) has lamented the missed opportunity to broaden the tax base in the... Published 19 Jun, 2023 07:08am
Pakistan PHC stops ATIR Peshawar from entertaining, deciding tax appeals ISLAMABAD: The Peshawar High Court (PHC) has stopped the Appellate Tribunal Inland Revenue (ATIR), Peshawar from... Published 18 Jun, 2023 06:07am
Business & Finance FPCCI chief speaks about various budget ‘anomalies’ KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPPCI) Irfan Iqbal Sheikh has said ... Published 18 Jun, 2023 06:07am
Opinion Budget 2023-24: Impediments to a viable economy The provisional data issued by the National Accounts Committee portray a bleak picture of the economy where real GDP... Published 16 Jun, 2023 06:27am
Business & Finance E&T dept intensifies tax recovery drive from defaulters LAHORE: The Punjab Excise, Taxation & Narcotics Control Department has intensified its recovery drive in a bid ... Published 15 Jun, 2023 06:03am
Business & Finance KTBA proposals highlight the issues facing taxpayers KARACHI: The Karachi Tax Bar Association (KTBA) has recently submitted a series of proposals to the Federal Board of... Published 06 Jun, 2023 05:33am
Editorials Missed tax target EDITORIAL: Bad news continues to flow in for the finance ministry as it turns out that FBR (Federal Board of ... Published 03 Jun, 2023 03:52am
Business & Finance Fake, flying invoices: I&I-IR Hyderabad apprehends prominent individual HYDERABAD: In a landmark development, on the instructions of worthy Director General of Directorate Intelligence... Published 27 May, 2023 06:09am
Business & Finance Tax base boost task: RRMC recommends deployment of at least 30pc of FBR workforce ISLAMABAD: The Reforms and Revenue Mobilisation Commission (RRMC) has strongly recommended the Federal Board of... Published 26 May, 2023 06:48am
Print Default fears deepen but Dar exudes optimism Assures business community that focus of upcoming budget (2023-24) would be broadening tax base and document new taxpayers Updated 25 May, 2023 08:55am
Print Wholesale, retail sectors: Govt considering ending multiple withholding taxes ISLAMABAD: The government is considering a recommendation of the Reforms & Revenue Mobilization Commission... Updated 25 May, 2023 08:50am
Business & Finance Field formations can’t deny benefit of exemption to entitled taxpayers LAHORE: Field formations of the Federal Board of Revenue (FBR) cannot deny the benefit of an exemption if the... Published 23 May, 2023 06:14am
Business & Finance ‘No official can override tax exemption by changing opinion’ LAHORE: “No tax official can override tax exemption by changing his opinion under the garb of rectification of... Published 21 May, 2023 04:00am
Opinion Budget, taxes, revival & growth Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are ... Published 19 May, 2023 06:17am
Business & Finance Small tax base, high non-compliance incidence causing massive tax evasion LAHORE: A relatively small tax base and high levels of non-compliance has resulted in massive tax evasion in ... Published 14 May, 2023 03:24am
Business & Finance Experts urge govt to avoid frequent changes in tax laws LAHORE: Tax experts have urged the government to strike a balance between the need to update tax laws and the need ... Published 12 May, 2023 05:59am
Business & Finance Taxpayers urged to make on-time payments PESHAWAR: Chief Commissioner Inland Revenue, Regional Tax Office (RTO) Peshawar, Zafar Iqbal Khan has urged ... Published 08 May, 2023 06:40am
Business & Finance Frequent changes in tax laws leading to wrong assessments LAHORE: Extensive changes in tax laws on yearly basis and at times more than once in a year, lead to wrong... Published 07 May, 2023 03:21am
