Tag: Islamabad Region

29/05/2014

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a standard rate of 16 percent Federal Excise Duty (FED) on ...

Uniform tax on tobacco talked to curb its use

ISLAMABAD: Experts including economists, foreign experts and tax officials have proposed a high uniform specific cigarette excise tax in the ...

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 ...

Budget may bring hike in ST for Steel, ship-breaking sector

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed increase in sales tax rates for steel melters, re-rolling mills and ...

91,000 notices issued: FBR optimistic about achieving target for 2013-14

ISLAMABAD: The Federal Board of Revenue (FBR) has issued over 91,000 notices to unregistered persons and potential taxpayers during 2013-14 ...

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 ...

FED on foreign air travel may go up in budget

ISLAMABAD: The Federal Board of Revenue is planning replacing fixed rates of the Federal Excise Duty (FED) with the standard ...

Amend likely to allow ST adjustment on certain goods

ISLAMABAD: The Federal Board of Revenue (FBR) is expected to remove a major sales tax anomaly through the Finance Bill ...

Another deadline: FBR directs officials to file IT returns by June 16

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed penalty on a large number of tax officials, who failed to ...

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 ...

SROs dealing Rs500b blow to exchequer annually

24/05/2014

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

24/05/2014

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’