Revenue from corporate sector drops 30pc due to massive closures LAHORE: Revenue generation from the corporate sector has dropped by 30 percent due to massive closures, particularly... Updated 12 Mar, 2023 09:59am
Business & Finance Business community fears FBR harassment: survey ISLAMABAD: Business community fears harassment by Federal Board of Revenue (FBR), according to the Taxpayers’... Published 11 Mar, 2023 03:16am
Pakistan FBR officials accused of harassing taxpayers sans justification LAHORE: Consolidated show-cause tax recovery notices by the field formations of Federal Board of Revenue (FBR) are... Published 07 Mar, 2023 03:16am
Print ‘Anomaly’ in FBR’s IRIS system perturbs taxpayers ISLAMABAD: There is some legal/ technical anomaly in the Federal Board of Revenue’s (FBR) “IRIS” system where... Updated 06 Mar, 2023 08:43am
Business & Finance Tier-1 retailers unhappy with direct imposition of ‘highest’ penalty LAHORE: The Tier-1 Retailers (T-1Rs) are offended with direct imposition of the highest degree of penalty by the... Published 05 Mar, 2023 03:36am
Business & Finance FBR to issue legal clarification about scope of builders & developers ISLAMABAD: The Federal Board of Revenue (FBR) will issue a legal clarification whether contractors involved in ... Published 04 Mar, 2023 06:10am
Business & Finance Taxpayers excluded from ATL ‘despite interim relief against deemed income’ LAHORE: Federal Board of Revenue (FBR) has excluded names of taxpayers from the Active Taxpayer List (ATL) despite... Published 03 Mar, 2023 07:21am
Business & Finance FBR’s audit wings accused of violating law on attaching taxpayers’ bank accounts LAHORE: The audit wings of the Federal Board of Revenue (FBR) are violating law related to attachment of bank... Published 01 Mar, 2023 06:21am
Business & Finance FBR head listens to grievances of taxpayers ISLAMABAD: Chairman Federal Board of Revenue (FBR) Asim Ahmad has advised the taxpayers to visit their nearest... Published 25 Feb, 2023 06:23am
Print Industries/sectors earning over Rs300m: SC directs payment of 4pc super tax within a week ISLAMABAD: The Supreme Court of Pakistan (SC) has directed the industries/sectors earning income above Rs300 ... Updated 24 Feb, 2023 08:50am
Business & Finance ST dept accused of violating limitation period with FBR’s approval LAHORE: The sales tax department is violating the limitation period of five years for issuing show cause notices to... Published 16 Feb, 2023 06:08am
Business & Finance FTO terms delay in execution of ATIRs’ orders ‘maladministration’ LAHORE: Federal Tax Ombudsman Dr Asif Mahmood Jah has declared that a delay in implementing the orders of Appellate... Published 15 Feb, 2023 06:27am
Print Non-implementation of single GST return: Provinces to move NTC against FBR ISLAMABAD: Provinces will take up the issue of the delay in the implementation of the single sales tax return system... Updated 12 Feb, 2023 09:42am
Business & Finance FTO terms delay in changing taxpayers’ jurisdiction ‘maladministration’ LAHORE: Inordinate delay in changing the jurisdiction of taxpayers is tantamount to maladministration, said Federal... Published 09 Feb, 2023 06:02am
Business & Finance FTO tells FBR to assist WHT agents through IT solutions ISLAMABAD: The Federal Tax Ombudsman has directed the Federal Board of Revenue (FBR) to facilitate withholding ... Published 08 Feb, 2023 06:10am
Business & Finance FBR field formations start blocking release of refund claims LAHORE: Field formations of the Federal Board of Revenue (FBR) have once again started blocking the release of ... Published 08 Feb, 2023 06:10am
Business & Finance ‘No private consultancy, tax practice’: FBR employees asked to submit undertakings ISLAMABAD: All Inland Revenue officials/ officers would submit undertakings/ declarations to the Federal Board of... Published 04 Feb, 2023 06:47am
Business & Finance FTO directs FBR to disallow audit of incomplete returns LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Information Technology (IT) wing of the... Published 03 Feb, 2023 06:17am
Business & Finance President confirmed 95pc orders of FTO in 2022 ISLAMABAD: President Dr Arif Alvi has confirmed 95 percent orders of the Federal Tax Ombudsman (FTO) against the... Published 02 Feb, 2023 06:12am
Business & Finance ‘Breach of tax amnesty’ IHC issues notices to FBR, AGP ISLAMABAD: The Islamabad High Court (IHC) issued notices to the Federal Board of Revenue (FBR) and the Attorney... Published 26 Jan, 2023 07:04am
Business & Finance Record 7,000 complaints filed last year, says FTO FAISALABAD: Record 7,000 complaints were filed with the office of Federal Tax Ombudsman (FTO) during the last year,... Published 26 Jan, 2023 05:58am
Print All ATIR benches, Benami Tribunal become dysfunctional ISLAMABAD: All benches of Appellate Tribunal Inland Revenue (ATIR) across Pakistan and Benami Tribunal have become... Updated 26 Jan, 2023 09:15am
Business & Finance Bank attachments: Absence of grievance redressal system irks taxpayers LAHORE: Absence of grievance redressal mechanism for benefit of persons whose funds were wrongfully appropriated by... Published 25 Jan, 2023 06:25am
Business & Finance Speedy system for registration of complaints introduced: FTO FAISALABAD: The Federal Tax Ombudsman Dr. Asif Mahmood Jah has said that his office is providing full services to... Published 24 Jan, 2023 06:56am
Print Non-filers: Govt considering imposing WHT on banking transactions ISLAMABAD: The government is considering to impose withholding tax on banking transactions of non-filers of income... Updated 24 Jan, 2023 09:01am
Pakistan FBR chief asks CCIRs to meet revenue targets KARACHI: Asim Ahmed, Chairman Federal Board of Revenue (FBR) on Saturday held a meeting with Chief Commissioners of... Published 22 Jan, 2023 03:08am
Business & Finance FTO directs LTO Karachi to refund extra ST paid on vehicles to BOP ISLAMABAD: To facilitate car buyers, the Federal Tax Ombudsman (FTO) has directed the Large Taxpayer Office (LTO)... Published 20 Jan, 2023 07:50am
Business & Finance Tax authorities accused of prejudging tax evasion as bid to launder money LAHORE: The Intelligence and Investigation (I&I) Wing of the Inland Revenue is prejudging tax evasion as an... Published 20 Jan, 2023 06:10am
Business & Finance Revenue Div allowed to publish tax directory of MPs for 2020 ISLAMABAD: The federal cabinet has allowed the Revenue Division to publish the tax directory of parliamentarians for... Updated 19 Jan, 2023 08:38am
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