Tag: Tax
Govt proposes huge tax cut for PCB
The offer is tantamount to giving an amnesty to the PCB, as the tax authorities had demanded Rs800 million from the PCB for the last four years.
SHC directs Engro Elengy Terminal to pay customs duty on import...
Justice Muhammad Junaid Ghaffar of Sindh High Court directed the Engro Elengy Terminal to pay 5 per cent customs duty on the import of...
FAPUASA calls for restoration of tax rebate for teaching community
The Islamabad Chapter of Federation of All Pakistan Universities Academic Staff Association (FAPUASA) has demanded the restoration of 75% rebate in income tax in...
Govt likely to introduce new 2% tax on nonfilers with over...
The federal government is likely introduce two per cent fixed tax on the country’s traders to raise Rs 6-10 billion in the upcoming budget...
Amnesty scheme: Out of 2.8m traders, only 3,205 pay tax
Major tax evaders – the traders who happen to be traditional voters of the ruling party – are not ready to come into the...
Parliament can’t impose tax on provincial property, says SC
In a landmark ruling overturning an earlier high court verdict, the Supreme Court has made it clear that parliament cannot impose a tax on...
Facebook earning increases in UK through adverts
COURTESY THE MIRROR
Facebook reportedly earns more from selling advertising space to Westminster than it pays in tax in the UK.
Figures released under the Freedom...
Imposing additional tax on power sector is govt brutality: Imran
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Friday said that federal government was committing injustice and brutality with the innocent people in imposing additional...
Pakistan aims to raise $379m in new taxes to meet IMF...
Pakistan must raise an extra $379 million (about Rs40 billion) through new tax measures, Finance Minister Ishaq Dar said on Monday, as the government...
Dar says Rs 40 billion taxes will be levied on luxury...
Finance Minister Mohammad Ishaq Dar has said Tax and energy reforms are must for economic stability of the country.
In an interview, he said enhanced...
Tax foreign steel products if you want more revenue from local...
Rs 17b may be lost in revenue due to flooding of low quality finished steel products
Under the current economic conditions, the steel industry in...
IMF didn’t suggest devaluation of Pakistani currency; circular debt goes up...
International Monetary Fund (IMF) has rejected the rumors circulating in Pakistani media that IMF has suggested devaluation in the value of Pakistani currency. IMF’s...
‘Billionaire’ PM pays Rs 4.2m in taxes
The net value of assets of the president of ruling Pakistan Muslim League-Nawaz (PML-N) party was over Rs 1.70 billion two years back
Traders announce march towards Islamabad; protest withholding tax
All Pakistan Traders Union on Tuesday warned of marching towards Islamabad if the government did not withdraw withholding tax.
Addressing a press conference at Lahore...
Rs250 billion lost due to corrupt practices
Government should introduce tax and collateral reforms to bring dead capital worth tens of billions to life which can revolutionise economy in a short...
Take back WHT or banks will be empty!
The country’s traders rose up against the levy of 0.6 per cent withholding tax (WHT) on every banking transaction, warning the government that they would withdraw all their savings from banks in case the tax was not taken back.
PSMA asks FBR to tax foreign steel in local industry’s favour
Pakistan Steel Melters Association (PSMA) has asked FBR to levy Regulatory Duty (RD), sales tax or Special Cess on imported steel products to balance the steel industry and not leave local industry at a cost disadvantage.
