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 ...
Tag: FBR
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 ...
Lahore Tax offices collect Rs260b in 10 months
LAHORE: Federal Board of Revenue has collected Rs 260 billion on account of income tax, sales tax and excise duty ...
Top cricketers’ undeclared incomes revealed, FBR issues notices
LAHORE: Misbahul Haq, the Pakistani cricket team’s skipper along with Muhammad Hafeez, Azhar Ali and Taufiq Umar have not been ...
Rs450m vehicle amnesty scam: Audit of Customs officials’ accounts suggested
KARACHI: The 3-member fact-finding committee comprising MCC Exports Collector Dr Wasif Memon, Additional Director of Directorate of Intelligence and Investigation-Customs ...
FBR seizes bank accounts of Al Moeez sugar mill, recovers Rs3m
LAHORE: Federal Board of Revenue has recovered Rs 3 million from bank account of Al Moeez Sugar Mill in Bank ...
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 ...
Pakistan customs impounds Rs22.534b smuggled goods in 5 years
LAHORE: Strict surveillance and control has resulted in seizure of smuggled items worth Rs 22.534 billion in Pakistan during the ...
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 ...
Huge revenue loss due to non-audit of DTRE by MCC Exports
KARACHI: Federal Board of Revenue is facing huge loss due to non-audit of Duty Taxes Remission on Exports (DTRE) by ...
Chambers seek clearance of ST refunds, Customs rebate claims of SMEs
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki has informed that Federal Finance Minister Ishaq ...
LCCI rejects FBR proposal to impose 1pc Special Excise Duty on import
LAHORE: The Lahore Chamber of Commerce and Industry on Tuesday took a strong exception to the Federal Board of Revenue ...
FBR holds taxpayers facilitation workshop in Bahawalpur
BAHAWALPUR: Facilitation and Taxpayer Education Wing of FBR held a workshop on e-portal services and role & responsibilities of withholding ...
Tax exemptions: Govt balking at stripping VIPs of privilege
ISLAMABAD: The federal government is balking at the possibility of withdrawing income tax exemptions from VIPs holding public offices on ...
LHC suspends SRO on capacity tax
LAHORE: The Lahore High Court (LHC) suspended a statutory regulatory order (SRO) which divided the beverage industry, caused embarrassment to ...
Raise in WHT on power, gas bills on the anvil
ISLAMABAD: The Federal Board of Revenue (FBR) is seriously contemplating increasing the withholding tax rates on electricity and gas bills ...
