Islamabad
Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people
FBR begins manual audit of selected cases
ISLAMABAD: The Federal Board of Revenue has started selecting cases for manual audit under Section 177 of the Income Tax...
Govt sets to implement AIT law vigorously
ISLAMABAD: The government is planning vigorously implementing the Agriculture Income Tax (AIT) Law from the new fiscal year (2014-15), making...
Slash in capital gains tax on the cards
ISLAMABAD: The federal government is most likely to reduce burden on income from shares trading by over 28 percent and...
FBR may make mandatory specifying one ‘identifier’ for businessmen
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed mandatory requirement for business community in budget (2014-15) to specify at...
FBR wants 6pc non-adjustable FED on sugar in budget
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed rationalization of 8 percent adjustable Federal Excise Duty with 6 percent...
Bajwa briefs Dar on phase-wise SRO withdrawal
ISLAMABAD: Federal Board of Revenue Chairman has delivered a detailed presentation to Finance Minister Ishaq Dar on the plan for...
Certified, quarterly ST returns filing for commercial entities in the offing
ISLAMABAD: Finance Ministry on proposals of Federal Board of Revenue may introduce fresh regulations in the upcoming budget to reduce...
Govt succumbs to int’l pressure, NGOs to have tax exemption
ISLAMABAD: Succumbing to the international pressure, the govt has turned down the decision to bring NGOs in the tax net....
SROs dealing Rs500b blow to exchequer annually
ISLAMABAD: The national exchequer has been suffering financial losses to the tune of Rs500 billion annually on account of exemptions...
Uniform ST for 5 sectors: Abolition of tax exemption for edu institute proposed
ISLAMABAD - The government is contemplating eliminating tax exemption to the foreign private educational institutes in the upcoming budget 2014-15....
Budget may feature hike in ‘further tax’
ISLAMABAD: The upcoming budget for 2014-15 likely to feature increase in ‘further tax’ from existing one percent to 2 percent...
Extra ST on power, gas bills likely to go up
ISLAMABAD: The government is considering double ‘extra sales tax’ from 5 to 10 percent on all unregistered electricity and gas...
Govt to take foreign reserves to $15b till September: Dar
ISLAMABAD: Finance Minister Ishaq Dar said that the government would take the foreign exchange reserves to $15 billion before the...
Uniform procedure: Merger of duty-free import schemes likely
ISLAMABAD: The government may merge all temporary importation schemes including Duty and Tax Remission Scheme (DTRE), Manufacturing Bonds Scheme and...
Revenue shortfall may prompt share cut for provinces
ISLAMABAD: Owing the likely shortfall of Rs180 billion in the revenue of divisible pool, the provinces are expected to receive...
Rs2,000b revenue shortfall: TIP reminds Dar of action
ISLAMABAD: The Transparency International Pakistan (TIP) has claimed that the government has failed to implement its recommendation made on the...
Pak Customs saves national heritage, 2210 ancient coins seized
ISLAMABAD: Pakistan Customs has confiscated over two thousand ancient coins belonging to middle ages and before from a passenger attempting...
FTO takes notice: DGs of Customs, IR to probe misuse of vehicles
ISLAMABAD: Federal Tax Ombudsman (FTO) Abdur Rauf Chaudhry while taking exception to the misuse of confiscated vehicles, directed the Directorate...
Govt feats enumerated: Dar highlights glimpses of next annual budget
ISLAMABAD: Finance Minister Senator Ishaq Dar said that the government will announce the annual budget 2014-15 on June 3 in...
Duties on imported vehicles likely to go up in budget
ISLAMABAD: The Federal Board of Revenue (FBR) is likely to increase duties on imported vehicles in the budget 2014-2015, which...
