NCCPL to Collect Capital Gains Tax on December 31st
Karachi, Pakistan: The National Clearing Company of Pakistan Limited (NCCPL) has announced the collection of aggregate Capital Gains Tax (CGT) […]
Key Appointments Made in FBR’s Customs Department
The Federal Board of Revenue (FBR) has issued Notification No. 3326-C-I/2024, detailing the transfers and postings of various officers in […]
PCA South Uncovers Rs 200 Million Fraud Under EFS
The Post Clearance Audit (PCA) South has unearthed a major financial scam involving a phantom company that illegally transferred over […]
LCCI Raises Concerns Over FBR’s Password Expiry Policy
Lahore, Pakistan: The Lahore Chamber of Commerce and Industry (LCCI) has expressed concerns over the Federal Board of Revenue’s (FBR) […]
KPRA Fines Renowned Peshawar Restaurant for Tax Violations
Peshawar, Pakistan: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has intensified its tax enforcement efforts in Peshawar as part of the […]
Tax Receipts Lagging – FBR Needs to Reform Tax Structure
The Federal Board of Revenue (FBR) Chairman recently acknowledged that current tax rates in Pakistan, particularly sales tax, corporate tax, […]
PM Orders Crackdown on Tax Evasion, Pushes for Technology Integration
Lahore, Pakistan: Prime Minister Shehbaz Sharif has directed authorities to take decisive action against tax evaders, emphasizing the need to […]
Tax Laws Amendment Bill 2024 Faces Legal Challenges – Says Experts
The recently passed Tax Laws (Amendment) Bill 2024 is facing potential legal challenges due to concerns regarding the imposition of […]
Banks Achieve 50% ADR Target to Avoid Tax, Lending Increase in Q4
Karachi, Pakistan: Pakistani banks have successfully navigated the government’s ambitious advance-to-deposit ratio (ADR) target, reaching nearly 50% by December 6th. […]
FBR Revenue Collection Target Falls Short
The taxation measures worth Rs1.4 trillion introduced in the budget have fallen short of expectations, with the government collecting Rs348 […]