Exemptions up to Rs477.1b: SROs on ST cost kitty Rs230b in FY13-14
ISLAMABAD: The tax exemptions and concessions being offered to various sectors, groups and investors cost the national exchequer Rs477.1 billion ...
Tag: Finance Ministry
FBR wants, exporters oppose hike in ST for zero-rated sectors
ISLAMABAD: The five leading export-oriented sectors particularly textile sector is strongly against the likely hike in sales tax rates on ...
FBR collects Rs212b against targeted Rs219b in May
ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs212 billion in May 2014 against Rs176 billion in the ...
Duty may slash on raw material for abrasive cloth sheet, papers
ISLAMABAD: The government is likely to massively slash duty on abrasive cloth sheet, belts/roll, sand paper, fiber disc and buffing ...
Dar to present second budget tomorrow
ISLAMABAD: Finance Minister Ishaq Dar will unveil the second budget of his the PML-N-led government in the National Assembly on ...
Nawaz okays 2pc WHT on property purchase
ISLAMABAD: While approving imposition of two percent withholding tax on purchase of property in the upcoming budget, Prime Minister Muhammad ...
FBR seeks FED revival on cosmetics, paints
ISLAMABAD: The Federal Board of Revenue, in a budgetary proposal submitted to the Finance Ministry, proposed a 10 percent Federal ...
PM convenes meeting on withdrawal of tax exemptions
ISLAMABAD: Prime Minister Nawaz Sharif will convene an important meeting on Friday (today) for finalizing hundreds of tax exemptions and ...
Penalties likely to go up for ‘false’ return filers, ST non-registered
ISLAMABAD: The government in the Finance Bill (2014-15) is expected to enhance penalty on sales tax registered persons involved in ...
LHC issues notices in plea against tax amnesty scheme
LAHORE: The Lahore High Court (LHC) issued notices to FBR and Attorney General of Pakistan (AGP) while taking up a ...
Raise in taxes on real estate, stock market sectors imminent
ISLAMABAD: Federal Government has decided to increase taxes on real estate business and stock market transactions in the next budget. ...
ST exemption threshold may be reduced for Cottage industry
ISLAMABAD: The Federal Board of Revenue (FBR) has submitted a budgetary proposal to the Finance Ministry regarding reduction in sales ...
16pc FED on chartered flights proposed
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a standard rate of 16 percent Federal Excise Duty (FED) on ...
New tax structure for beverages to replace Capacity tax
ISLAMABAD: The government is planning abolition of capacity tax and introduction of revised Federal Excise Duty (FED) and sales tax ...
Nato/ISAF cargos: FBR delegates special powers to additional collector
ISLAMABAD: Federal Board of Revenue (FBR) has allowed additional collector of the port of exit to extend stipulated period for ...
FBR eyes Rs235b from SROs’ withdrawal, hike in tax
ISLAMABAD: The withdrawal of tax exemptions through Statutory Regulatory Orders (SROs), increase in tax rates and other revenue measures are ...
Govt woos back int’l financial institutes with performance: Dar
ISLAMABAD: Finance Minister Ishaq Dar said that due to better economic performance, the international financial institutions including World Bank and ...
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 ...
