CANBERRA: Oil and gas companies in Australia will pay more tax under changes to the petroleum resource rent tax.
The change will curb “uplift concessions”, which determine tax deductions associated with exploration and construction, but existing projects are likely to be exempted.
Australia is set to overtake Qatar as the world’s biggest LNG exporter by 2020, but is forecast to receive much less in tax revenue than the Middle Eastern country.
ISLAMABAD: Pakistan International Airlines can become profitable in the first year after privatization through better management, fleet expansion, and a...
KARACHI: In a significant achievement, the Reform Implementation Committee has completed 85 of the 99 action points under the prime...
LAHORE: The 32nd edition of an international textile exhibition featuring over 2,000 international brands and official delegations from more than...
ISLAMAABAD: Federal Tax Ombudsman (FTO) Zafar Hijazi has said that the office remains committed to address the maladministration within tax...
