Browsing Tag

#Tax

Standing Committee Backs Sales Tax on Welfare Hospitals

DTD- Jun 22, 2024

The developments underscore ongoing efforts to ensure equitable tax practices and financial accountability across healthcare institutions in Pakistan. ISLAMABAD: The Senate Standing Committee on Finance, led by Senator Saleem Mandviwala,…

18% Sales Tax to Be Imposed on Processed Foods and Baby Milk from Next Financial Year: FBR Chairman

DTD- Jun 15, 2024

This new policy aims to increase government revenue but is expected to raise the cost of essential food items and baby milk, impacting consumers across the country. ISLAMABAD: In a significant policy shift, Chairman FBR Amjad Zubair Towana…

Pakistan

Government proposes 45% tax on non-filers in Budget 2024-25

DTD- Jun 13, 2024

The move is aimed at fostering economic documentation and combating speculations in the housing sector. Islamabad: In a significant move, the government has introduced distinct tax slabs for filers, non-filers, and late filers, with a…

New tax imposes on traders as FBR issues notification

DTD- Mar 31, 2024

Strong bookings drive optimism despite challenges, with record year expected. LAHORE: The government on Saturday imposed a new tax on traders. The Federal Board of Revenue (FBR) has issued a notification of the Trader Friendly Special…

World

Indian tax officers searched BBC bureaus after government banned propaganda

DTD Feb 16, 2023

New Delhi/London: (Web Desk) Indian tax officers searched the BBC's bureaus in New Delhi and Mumbai, the British broadcaster said, weeks after the government banned as propaganda a BBC documentary critical of Prime Minister Narendra Modi's…

Pakistan

Pakistan and visiting IMF mission having trouble agreeing on fiscal adjustment measures

DTD Feb 7, 2023

Islamabad: (Web Desk) In negotiations to release crucial money required for the faltering South Asian economy, Pakistan and the visiting International Monetary Fund (IMF) mission are reportedly having trouble agreeing on fiscal adjustment…

Sports

French rugby President Bernard Laporte part of investigation into tax fraud

DTD Jan 24, 2023

Paris: (Web Desk) French police detained for questioning rugby federation president Bernard Laporte as part of an investigation into suspected tax fraud, financial prosecutors said. Earlier this month, Laporte stepped back from his role at…

Pakistan

FIA failed produce two FBR accused in leaking former COAS Bajwa’s tax data

DTD Jan 6, 2023

Islamabad: (Staff Reporter) Federal Investigation Agency (FIA) once again failed to produce the two Federal Board of Revenue (FBR) officials accused in leaking former Chief of Army Staff (COAS) Gen Qamar Javed Bajwa’s tax data. The…

Pakistan

FBR suspended two officers from services, tax details leaked of previous COAS

DTD Nov 25, 2022

Islamabad: (Staff Reporter) The Federal Board of Revenue (FBR) has suspended from service two officers of the Inland Revenue Service in connection with the leak of tax record details of outgoing army chief General Qamar Javed Bajwa and his…

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