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Taxation

Service tax on mobile recharge needs to be determined: CJP

April 23, 2019

Chief Justice Asif Saeed Khan Khosa on Monday remarked that service tax on mobile phone pre-paid cards and recharges needs to be determined as a huge ...

Taxation

US money market assets tumble for tax payments

April 23, 2019

Investors and companies withdrew huge sums of cash from their money market accounts to make their annual tax payments ahead of the April 15th deadline...

Taxation

FBR, NADRA to carry out ‘360-degree’ analysis of non-filers

April 23, 2019

Federal Board of Revenue (FBR) and National Database & Registration Authority (NADRA) Monday agreed to carry out a ‘360-degree’ analys...

Uncategorized

EU tariffs to target 20 billion euros of US imports

April 15, 2019

The European Commission has drawn up a list of US imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatl...

Taxation

Tobacco products: FBR reviews progress on implementation of track & trace system

April 13, 2019

The Board-in-Council of Federal Board of Revenue (FBR) Friday reviewed progress on the implementation of the track and trace system for tobacco produc...

Business

US probes 675,000 Nissan SUVs over unexpected braking

April 13, 2019

WASHINGTON: The US auto safety agency is probing reports of potential unintended braking in 675,000 2017-2018 Nissan Motor Co Ltd Rogue vehicles, it s...

Taxation

Massive ST discrepancies worth Rs seven billion detected

April 13, 2019

The Federal Board of Revenue (FBR) has detected massive sales tax discrepancies to the tune of Rs 7.498 billion in 6,077 cases and directed field form...

Taxation

Amazon, Walmart trade barbs on taxes, wages

April 13, 2019

The Amazon-Walmart battle for retail supremacy veered into a trash-talk phase on Thursday over worker pay and alleged tax shirking. Amazon was the pro...

Global

India urged to free Pakistani fishermen languishing in jails

April 12, 2019

KARACHI: To raise their voice for the release of all those poor Pakistani fishermen languishing in Indian jails for having mistakenly crossed over to ...

Taxation

Amnesty scheme to be launched after Umar’s return from US: Azhar

April 12, 2019

State Minister for Revenue Hammad Azhar has said that the tax amnesty scheme would be launched later this month, most probably through a presidential ...

Taxation

FBR, PBIT to sign MoU for exchange of data

April 12, 2019

Federal Board of Revenue (FBR) and Punjab Information Technology Board (PITB) have decided to sign a memorandum of understanding (MoU) for exchange of...

Taxation

Government considering clearing outstanding amounts of duty drawback

April 11, 2019

The government is seriously considering clearing outstanding amounts of duty drawback of exporters including Drawback of Local Taxes and Levies (DLTL)...

Business

Uber launches electric bikes, scooters in Paris

April 11, 2019

PARIS: US ride-hailing group Uber said Wednesday that it would start deploying electric bikes and scooters for rent on Paris streets as soon as this w...

Taxation

FBR launches crackdown against tax defaulters

April 11, 2019

On the directives of Chief Commissioner Inland Revenue, Regional Tax Office (RTO) Peshawar, Qaiser Iqbal recovery campaign against tax defaulters has ...

Taxation

Resources being utilised with utmost care: CM

April 10, 2019

Punjab Chief Minister Sardar Usman Buzdar has said that in the new Pakistan, national resources are being utilized with utmost care and honesty for pu...

Taxation

Filing of IT returns: RTO Islamabad launches awareness campaign

April 10, 2019

Regional Tax Office (RTO) Islamabad Tuesday launched an awareness campaign among the business community on filing of income tax returns for tax year 2...

Taxation

RTOs protest over delay in their promotion

April 8, 2019

Staff at the Regional Tax Offices (RTOs) of the Federal Board of Revenue (FBR) have urged Chairman FBR to take notice of not holding even a single mee...

Taxation

Halal tax amnesty

April 8, 2019

IT is now the PTI-government’s turn to announce an amnesty scheme. They’re offering non-filers of tax returns an opportunity to whiten their undeclare...

Global

Army to give befitting reply to any Indian misadventure: president

April 6, 2019

ISLAMABAD: President Dr. Arif Alvi on Friday said Pakistan’s armed forces were well prepared to give a befitting response to any misadventure by India...

Taxation

FBR briefs Chinese Ambassador about tax exemptions to foreign investors

April 6, 2019

A detailed briefing was given by the Federal Board of Revenue (FBR), headed by its Chairman, Mohammad Jehanzeb Khan, to the Ambassador of China to Pak...

Global

Boeing cuts 737 production rate by 10 planes per month

April 6, 2019

NEW YORK: Boeing announced Friday it would cut the production schedule of its 737 aircraft line following the two recent crashes that have seen the 73...

Audit

FBR approves Audit Policy 2018

April 6, 2019

The Audit Policy 2018 pertaining to Tax Year 2017 has been approved by the Federal Board of Revenue and a computer ballot was held at FBR (HQ). State ...

Business

Pakistan to generate more than 110 million dollars from export of sugar to China

April 5, 2019

Under the Free Trade Agreement (FTA)-II between Pakistan and China, which is expected to be signed during Prime Minister Imran Khan’s visit to China f...

Taxation

Tax experts laud FBR’s idea of fixed tax

April 5, 2019

Tax experts have lauded the idea of fixed tax introduced by the Federal Board of Revenue (FBR), saying that taxpayers would like to avail it as they w...

Taxation

China outlines fresh tax cuts to lift economy

April 5, 2019

China has unveiled tens of billions of dollars worth of tax and fee cuts as part of a drive to kickstart the stuttering economy, extending pledges wor...

Global

US bond yields rise on trade, Brexit hopes

April 4, 2019

NEW YORK: US Treasury yields climbed to 1-1/2 week highs on Wednesday as hopes for a trade deal between China and the United States and a breakthrough...

Taxation

Karachi LTU recovers Rs 170 million after attaching company’s account

April 4, 2019

Large Taxpayers Unit (LTU), Karachi has recovered Rs170 million from Foreign Harbor Engineering Company after the attachment of bank accounts. The sai...

Global

Microsoft, BMW launch industrial cloud technology partnership

April 3, 2019

FRANKFURT: Microsoft Corp and BMW Group on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate innovation ...

Taxation

Australia’s government cuts taxes ahead of election

April 3, 2019

Australia’s conservative government unveiled a big-spending federal budget Tuesday with tax cuts and new infrastructure investment to win voters...

Taxation

SRB witnesses 7.67 percent revenue growth in March

April 2, 2019

Sindh Revenue Board (SRB) has witnessed 7.67 percent revenue growth in March as compared to the collection made during corresponding month last year. ...