—FBR proposes 5 to 10% regulatory duty and 1% customs duty on hundreds of imported items, including cars —Also recommends ending income tax exemption for salaried persons ISLAMABAD: The federal government is…
Multinational cigarette companies have claimed that they pay almost all taxes collected from the industry. Philip Morris Pakistan and Pakistan Tobacco Company (PTC) pay around 98 per cent of the total amount of taxes…
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued circular regarding the relief given to salaried class persons in the current fiscal year budget. According to the notification, the persons with an annual…
KARACHI: Sindh Caretaker Minister for Excise and Taxation Mushtaq Ahmad has said that in the month of July, Rs 5659.254 million was collected in terms of various taxes, while in the same period…
ISLAMABAD: Federal Board of Revenue (FBR) has declared that it has received detailed information about secret properties and income of Pakistanis in Dubai. As per media reports, regarding this matter, a senior FBR official…
BUDAPEST: Hungary stepped up its anti-immigration measures on Tuesday with plans to introduce a 25 percent special tax on aid groups which support migration. Prime Minister Viktor Orban’s government has been among…
ISLAMABAD: The standing committee of the Senate on Finance has rejected the 200 percent increase in the levy on petroleum products and approved enhancement of 30 percent in it. The meeting of…
Says tax amnesty scheme introduced to give tax evaders a chance to declare their undeclared wealth ISLAMABAD: Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Miftah Ismail Monday said that…
ISLAMABAD: Chairman of the National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs Qaiser Ahmed Sheikh said on Thursday that the prime minister’s economic reforms package would expand the tax network. Talking…
Former adviser says such schemes have no linkage to economy ISLAMABAD: The federal government is about to announce another tax amnesty scheme despite the fact that five amnesty schemes announced by two…
LAHORE: Punjab Revenue Authority (PRA) Chairman Dr Raheal Ahmed Saddiqui on Wednesday organised a meeting in connection with the ‘Tax Day’ at the PRA headquarters. To observe the Tax Day on April 10,…
KARACHI: The Sindh Excise department will establish a taxation court to hold trials of tax defaulters. This was stated by Excise, Taxation & Narcotics Control Provincial Minister Mukesh Kumar Chawla while presiding over…
FAISALABAD: Punjab Revenue Authority (PRA) on Friday organised an event to mark the 7th, 8th and 9th balloting of the Amanat Scheme under the thriving and popular Restaurant Invoice Monitoring Scheme (RIMS). Faisalabad…
PESHAWAR: Lady Reading Hospital (LRH), a public sector medical teaching institution has refused to pay the sales tax after ‘learning’ about exemption on levies on electricity, and gas charges as well as revenue…
Bollywood actress Kajol feels that the entertainment industry should be made tax free, however, she would leave the judgment to the government. During an event, when Kajol was asked about her expectation…
KARACHI: Mukesh Kumar Chawla, Sindh Minister for Excise, Taxation and Narcotics (ET & NC) has said that all officers and officials need to work hard to achieve their tax targets. The minister…
ISLAMABAD: Pakistan Institute for Parliamentary Services (PIPS) in collaboration with Oxfam, organized a two-day consultation on the National Action Plan (NAP) on business and human rights here on Tuesday. The consultation aims to…
