Browsing Tag

Income Tax

Govt not to collect sales, income tax from FATA

Web Desk Jul 18, 2018

ISLAMABAD: The caretaker federal government has decided not to collect sales tax on electricity and manufacturing and income tax on profits in business from the FATA and PATA areas as part of implementation of tribal areas' merger with…

Deadline for filing income tax returns again extended

Web Desk Nov 16, 2017

ISLAMABAD: The Federal Board of Revenue (FBR) has extended due date for filing of income tax returns or statements by salaried individuals, other individuals and association of persons (AOPs), till November 30. Extension of date had been…

Pakistan, Switzerland ink revised agreement on avoidance of double taxation

Web Desk Mar 22, 2017

ISLAMABAD: Pakistan and Switzerland on Tuesday signed the revised 'Agreement on Avoidance of Double Taxation' with respect to taxes on income. The agreement was signed by the Ambassador of Switzerland Marc George and Chairman Federal…

Rahat Fateh Ali Khan issued notice to failing to disclose foreign earnings

Web Desk Jun 28, 2016

LAHORE: The Federal Board of Revenue (FBR) has issued a notice to famous singer Rahat Fateh Ali Khan seeking explanation about his foreign revenues, ARY News reported.

Govt imposes 4% income tax on PCB

Web Desk Jun 4, 2016

ISLAMABAD: The federal government has on Friday imposed 4 percent income tax on Pakistan Cricket Board (PCB) and directed the body to pay income tax of last six years within one month, ARY News reported.

FBR prepares new income tax annual return form

Web Desk Aug 17, 2015

ISLAMABAD: Federal Board of Revenue (FBR) has prepared income tax annual return form for Tax Year 2015 by incorporating necessary legal changes and suggestions of the business community and of professional bodies.

MQM denies collecting ‘extortion through income tax’

Azhar Khan May 5, 2015

KARACHI: Rabita Committee of Mutahidda Qaumi Movement has denied allegations against MQM for collecting extortion through income tax department in Karachi, ARY News reported.

Rangers decide to expand scope of Karachi operation: sources

Azhar Khan May 5, 2015

KARACHI: The paramilitary force has decided to expand scope of operation against criminal elements in Karachi, to unearth some influential elements behind unrest in the metropolis, ARY News reported.

FBR freezes Misbah, Azhar’s bank accounts

Raza Haidery Oct 14, 2014

ISLAMABAD: Federal Board of Revenue (FBR) has seized the bank accounts of Pakistani cricketers Misbah-ul-Haq and Azhar Ali over non payment of taxes, ARY News reports on Tuesday.