Two restaurants sealed over tax fraud in Islamabad
The Federal Board of Revenue (FBR) has sealed two restaurants for issuing fake sales receipts in Islamabad.
Cheezious criticised for allegedly charging same tax on card, cash payments
A social media user, Noor Khalid, took to Instagram to share his experience at the Samnabad, Lahore branch of the local fast food chain 'Cheezious.'
Can FBR’s new measures reverse the tax collection crisis?
Pakistan’s tax base has been highly skewed and narrow-based as official data shows that after adjusting for inflation and real GDP, the FBR's real tax has been standing at 1 per cen
No extension in tax return deadline: FBR
The Federal Bureau of Revenue (FBR) has said the deadline for the submission of tax returns is not being extended.
Govt urged to give one-month extension for tax returns
The Rawalpindi-Islamabad Tax Bar Association has written a letter to Prime Minister (PM) Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, and Federal Board of Revenue (FBR) Chairman, requesting an extension for filing tax returns until October 31.
Pakistani banks impose new tax on Netflix subscription fees
Last year, the Sindh Revenue Board (SRB) in Pakistan required banks to deduct a 13 percent provincial sales tax on advertisement services. Now, they have introduced additional taxes on Netflix. As a result, banks are charging Netflix users various taxes and fees. When paying for Netflix subscriptions with debit or
Pakistan’s new budget comes into effect today
President Asif Ali Zardari has signed the Finance Bill-2024 into law, making the federal budget effective from July 1 (today), the start of the new fiscal year. The National Assembly passed the bill on Friday with some amendments before sending it to the president for approval. The Opposition, largely supported
APTMA calls on govt to reconsider regressive tax policies targeting textile industry
WEB DESK: All Pakistan Textile Mills Association has expressed grave concerns over the detrimental tax and customs proposals outlined in the Finance Bill 2024, warning of severe repercussions for Pakistan’s textile industry. These measures, deemed regressive and punitive by APTMA, pose an existential threat to the sector, which constitutes over
What to expect from new budget of Pakistan?
Pakistan’s Federal Budget for the fiscal year 2024-25, amounting to Rs18.9 trillion, will be presented by Finance Minister Muhammad Aurangzeb in the National Assembly at 4pm today (Wednesday). This budget announcement follows the government’s recent acknowledgment that the anticipated economic growth rate of 2.4 percent for the current year falls