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All Stories: Tax

Facebook says it could pay more tax after G7 deal

"Facebook has long called for reform of the global tax rules and we welcome the important progress made at the G7," Clegg said on Twitter.

G7 nations near historic deal on taxing multinationals

Britain's finance ministry said Saturday morning's talks between the G7 finance ministers had been "productive".

New York state mounts criminal probe of Trump Organization finances

The New York attorney general's office said on Tuesday it has now opened a criminal investigation into former President Donald Trump's company

Bitcoin sinks below $50,000 as cryptos stumble over Biden tax plans

Bitcoin and other cryptocurrencies suffered hefty losses on fears that US President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets

Tax discounts up to Rs140b revoked in amended tax ordinance

The tax amendment ordinance now in effect, revokes many a concession extended to various sectors in the country for helping them

Update requried details on tax profiles before Mar 31, FBR warns filers

Filers must update the required information on their IRIS profiles including contact details, sources of income, and details of businesses

Finance ministry releases fiscal report for first six months of 2020-21

The defence spending stood at over Rs486 billion during the first six months of the FY2020-21.

FBR demands $4.3m in taxes from NAB over Broadsheet payment

The revenue body has issued the tax notice to the Director General of NAB headquarters for the withholding tax on payment made to Broadsheet

Imran Khan best Pakistan could hope for, says ex-FBR head Shabbar Zaidi

Tax collection principally hindered by the people that have to pay the taxes despite full support towards reforms from the prime minister

Sindh revenue board records YoY 25pc surge in December

SRB said first six months in financial year recorded Rs57 billion, as opposed to Rs49.2 billion in the same period last year.

FBR says it collected Rs65b more in Jul-Nov taxes YoY

In its revenue break up, the tax body said it earned Rs577 billion on account of income-tax, while Rs743 billion under sales-tax head.

Cabinet approves waiving tax, duty on Covid preventive products’ import

It also approved extending the online visa facility to 16 more countries

Spain hopes to raise 6.8 billion euros in new taxes, including ‘Google tax’

The so-called Google tax on revenues booked locally by large tech firms such as Google, Amazon and Facebook is being adopted across Europe

Karachi’s Saddar market highest tax contributor in Pakistan

It paid a whopping Rs77.20 billion worth of taxes

Indonesia imposes 10% VAT on Facebook, Disney, Tiktok

Indonesia has added more technology companies that will be obligated to apply 10% value-added tax on sales to Indonesian customers to include Facebook, Disney and TikTok

Revenue collection target for FY2020-21 set at Rs4.9 trillion: Hafeez Shaikh

No new taxes have been imposed in the budget for 2020-21, said Hafeez Shaikh during post-budget press conference.

Tobacco kills over 160,000 people every year in Pakistan: Zafar Mirza

Zafar Mirza said that around 1200 children aging between six to 15 years start smoking cigarettes on daily basis in Pakistan.

Coronavirus-related supplies to be exempted from taxes at ports: Ali Zaidi

“We will not receive any charges under port demurrage till April 15 from traders,” said Maritime Affairs Minister Ali Zaidi.

FBR abolishes taxes on import of coronavirus-related medical equipment

The FBR announced to abolish sales tax, income tax, customs duty and regulatory duty for three months on import of coronavirus-related medical items.

Tax exemptions, subsides to be given to counter economic slowdown: Hafeez Shaikh

Pakistan’s economy was on the stability path but the ongoing coronavirus has affected it likewise it caused losses to the global economy, said Hafeez Shaikh.
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