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All Stories: Tax

Sindh govt warns to halt tax collection for Centre over FBR deductions   

Sindh government on Thursday expressed its resentment over deductions of eight billion rupees by Federal Board of Revenue (FBR) from the accounts of the provincial excise department.

Action ordered against FBR officials in tax refund scam case

Federal Tax Ombudsman on Friday directed to initiate action against Federal Board of Revenue (FBR) officials involved in an illegal tax refund case, causing losses of Rs 40 billion to the national exchequer.

Middle class tax cut to be announced over next 90 days

A tax cut for the middle class would be announced over the next 90 days.

FBR chief applauds small traders as registration process begins

The FBR chairman said that the tax issues faced by the small traders were never considered seriously.

Tax authority chief arrested on charges of receiving bribes

The head of Egypt’s tax authority, Abdul Azim Hussein, has been arrested on charges of receiving bribes

Govt slashes duty on import of mobile phones

The Federal Board of Revenue (FBR) issued a list of salient features to explain the amendments to Income Tax Ordinance, 2001 through Tax Laws (Second Amendment) Ordinance, 2001.

FBR prepares draft of fixed tax legislation for shopkeepers

The law proposes no requirement of audit for the small shopkeepers, while they will also not bound to recover the withholding tax, the draft of the law says.

Govt finalises proposal to tax property developers, builders

Draft rules in this regard prepared

Aggressive measures to be undertaken for desired results: Chairman FBR

Chairman Federal Board of Revenue (FBR) Syed Shabbar Hussain Zaidi said that it is incumbent on commercial users to be registered under Income tax laws.

India cuts tax rate on electric vehicles

India on Saturday slashed taxes on electric vehicles and chargers, as it looks to encourage the use of more environmentally friendly cars

Crackdown to be launched against sugar mills involved in hoarding: Azhar

The government imposed tax of rs3.30 on per kg of Sugar

SC orders water companies to pay tax for extracting groundwater

The Supreme Court here on Friday ordered mineral water and beverage companies to pay tax for extracting groundwater for commercial purpose.

Only 12pc population of country is paying tax: Hafeez Shaikh

'The government has inherited a debt of Rs31, 000 billion when it came into power.

FBR serves notices on 500 beauty parlours

The government has decided to tax the income of beauty parlours

TESCO pays Rs3.4 billion in taxes to FBR despite tax exemption

Statutory Regulatory Orders provide exemption to Federally administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA) from federal taxes.

U.S. bill to boost electric car tax credits could rev GM, Tesla

A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to Tesla Inc and General Motors Co before the existing credit comes to an end for them.

SC seeks details of last year’s tax collection on cellular calls

In June, 2018, the Supreme Court had suspended the deduction of taxes imposed on the top-up of prepaid cards by cellphone service providers and the FBR.

Internet and tech giants to be taxed on digital sales

The new tax will cover areas such as advertising, websites and the resale of private data

Germany looks into tax move on foreign internet firms: report

FRANKFURT: Germany’s finance ministry is looking into the possibility of a 15 percent special tax on online advertising revenue collected by foreign internet companies...

Aleema Khan deposits 25pc of tax: FBR chairman

FBR chairman said that Aleema Khan assured to submit the remaining amount of tax in installments.
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