[ad_1] LAHORE: The sales tax department has failed to establish suppression of supplies after its failure to issue fresh notice in the wake of raising fresh observations distinct from the…
Tag: FBR
Coercive steps against taxpayers: probe ordered
[ad_1] ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to investigate all cases where coercive measures including attachment of bank accounts were done through…
Withholding tax system: automation
[ad_1] The economic topography of nations depends heavily on a robust revenue system, akin to the lifeblood sustaining its various functions. Diverse revenue streams, characterizing global economies with “tax revenue”,…
Claim of input tax under Sales Tax Act, 1990
[ad_1] General, The Federal Board of Revenue (FBR) has proposed a fundamental change in the Federal Sales Tax system which is governed by the Sales Tax Act, 1990. Under the…
Mixed economic trends
[ad_1] The first five months of 2023-24 have witnessed upturns and downturns both globally and within Pakistan. There was earlier some evidence that the world economy was on the recovery…
Real time access to info and data base
[ad_1] Documentation of Economic transactions in Pakistan The nature of documentation of Pakistan’s economic environment can be classified into three broad segments as under: Transactions undertaken by the documented sector…
Reform plan: Govt likely to set up ‘Customs Board’
[ad_1] ISLAMABAD: The caretaker government is likely to constitute a special Customs Board to manage the affairs of Pakistan Customs under the ongoing reform plan. Under the tax reform programme,…
We just can’t compete
[ad_1] Distortions caused by a distraught policy landscape — from high energy costs to an industry-wide liquidity crisis — have made it next to impossible for Pakistani exporters to compete…
Next IMF programme is not going to be easy
[ad_1] The IMF review is ongoing, and it’s likely to sail through, as all the quantitative targets have been met. The potential issue could be the transition to the next…
Non-filers, documentation of economy: FBR shares strategy with Shamshad
[ad_1] ISLAMABAD: The caretaker Finance Minister Dr Shamshad Akhtar has directed the Federal Board of Revenue (FBR) to improve the performance of Pakistan Revenue Automation Limited (PRAL), IT-arm of the…