Pakistan prepares to tax banks on extraordinary profits
ISLAMABAD: The federal government is gearing up to levy taxes on the ‘excessive profits’ of commercial banks in a bid to boost ‘tax recovery’ as...
PM Mulling On Extension In Amnesty Scheme: Sources
ISLAMABAD: Prime Minister Imran is mulling on extending the deadline of the tax amnesty scheme, according to sources. Sources have said that Premier will take...
Punjab Decides To Withdraw Proposed Tax On Intercity Air-Condition Buses
LAHORE: Provincial government of Punjab has decided to withdraw the proposed tax on the inter-city air-condition buses. The provincial cabinet meeting was held in chair...
SC Restores Tax on Mobile Phone Cards
ISLAMABAD: Supreme Court of Pakistan on Wednesday has restored the tax on all mobile phone cards. A three-member bench of the apex court, headed by...
Multan Excise Dept To Seize Properties Of FM Qureshi, Gillani
Multan: Multan Excise and Taxation Department on Thursday decided to send show-cause arrest warrants to Political bigwigs of Multan over failure to pay property taxes....
Regional Tax Facilitation Center Established In Abbottabad
Web Desk (November 23, 2018): The Khyber Pakhtunkhwa Revenue Authority has established a Regional Tax Facilitation center in Abbottabad for filing of services tax returns....
IMF Asks Pakistan Government To Increase Tax Measures
Islamabad (November 16, 2018): The International Monetary Fund (IMF) has asked Pakistan to slap new taxes worth nearly Rs. 160 billion including raising the standard...
Tax Deduction On Mobile Cards Will Remain Suspended: CJP
Islamabad(July 05, 2018): The Chief Justice of Pakistan Mian Saqib Nisar on Thursday remarked that the tax deduction on mobile cards will remain suspended until...
Last Day of FBR Amnesty Scheme
Islamabad (June 30, 2018): Today is the last day to file assets under the tax amnesty scheme of FBR, which is effective till today, June...
CJP Suspends Tax Deduction On Mobile Cards
Lahore(June 11, 2018): Chief Justice of Pakistan Mian Saqib Nisar on Monday suspended the tax deduction on mobile cards by companies and Federal Board of Revenue...
Economic Experts Hopeful of A Better Budget
Web Desk (April 27, 2018): Economic experts on Friday hoped that improvement in tax system and facilitation for manufacturing industry in the upcoming budget would...
PPP, PTI Reject N League Govt’s Tax Amnesty Scheme
Islamabad (April 06, 2018): Pakistan People’s Party and Pakistan Tehreek-e-Insaaf have rejected the amnesty scheme announced by the Prime Minster Shahid Khaqan Abbasi on Thrusday...
‘Waka Waka’ Girl Pays 20 mn Euros as Tax
Web-Desk (February 27, 2018): A report revealed on Tuesday that “Waka Waka” Superstar Shakira has paid more than 20 million euros ($24.6 million) to tax...
FBR Serves Tax Notice to Actress Noor
Islamabad (June 14, 2017): Federal Board of Revenue (FBR) served tax notice worth Rs1.418 million to renowned film, TV actress and model Noor Bukhari....
Govt annouces exemption in capital gain tax for families of martyrs
Government has announced an exemption to families of martyrs for capital gain tax while Ishaq Dar said that under the new law 10 per cent...