ISLAMABAD: Federal Board of Revenue (FBR) is planning to make Sales Tax Electronic System active in order to meet the revenue target of Rs. 3.6 trillion for FY16-17.
PANAMA CITY: The government of Panama on Tuesday announced a bill that would take a range of steps against countries that put it on their blacklists of "tax havens" in the wake of the Panama Papers revelations.
CHENGDU: The world's major economies need to deepen cooperation on tax collection and information sharing as companies seek to minimise the amount they pay to governments, finance ministers said Saturday.
ISLAMABAD: Finance Minister Ishaq Dar has rejected the notion that foreign exchange reserves have been built with the borrowed money.
LAHORE: A spokesman for famous singer Rahat Fateh Ali Khan has denied media reports that he has been issued a notice by the Federal Board of Revenue (FBR) over concealment of foreign earnings and tax evasion.
ISLAMABAD: The government is considering to increase taxes on cosmetics and personal grooming products in the upcoming budget, ARY News reported.
NEW DELHI: Lamborghini rolled out its new $580,000 supercar onto the streets of India this month, but local millionaires tempted to buy the flashy convertible could hit a bump in the road thanks to the taxman.
ISLAMABAD: Minister for Finance Ishaq Dar on Saturday said non-filers of income tax return should get ready to bear the burden of more tax, ARY News reported.