Tax

Flour mills shut as strike against more taxes continues

KARACHI: Pakistan Flour Mills Association (PFMA) continued its strike against a proposed increase in taxes… Read More

Budget 2021-22: Senate body rejects tax on charity, exemption for political parties

The tax will be paid by those giving the charity amount, the FBR officials briefed… Read More

No new taxes on salaries & pensions, FBR clarifies

There are no new taxes recommended by FBR on the salaried people and those availing… Read More

EXPLAINER: What’s in the FY21-22 budget for you and me?

Budgetary jargon that lands far beyond the layman comprehension but that directly or indirectly affects… Read More

Bizarre! FBR serves tax notice to dead citizen

The LHC suspended the operating of the tax notice Read More

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… Read More

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". Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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

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

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,… Read More

Karachi’s Saddar market highest tax contributor in Pakistan

It paid a whopping Rs77.20 billion worth of taxes Read More

Indonesia imposes 10% VAT on Facebook, Disney, Tiktok

Indonesia has added more technology companies that will be obligated to apply 10% value-added tax… Read More