tax
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Telecom group seeks withholding tax reduction | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) group has urged the newly established government to cut withholding tax (WHT) in the upcoming budget. In a statement on Wednesday, PTCL Chief Financial Officer (CFO) Nadeem Khan stressed the need for…
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FBR misses March tax target | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) claimed on Thursday that it collected Rs4.382 trillion in taxes during the first nine months of current fiscal year but again missed the monthly target by a wide margin due to its…
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Tax break agreed in Reko Diq case | The Express Tribune
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[ad_1] ISLAMABAD: The government has approved tax exemptions on the payment of $900 million to Antofagasta under an exit deed for the settlement of Reko Diq dispute. In a recent meeting held on March 25, the Economic Coordination Committee (ECC)…
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IMF proposes high income tax | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has proposed to tax the upper middle and rich income groups, who earn in the range of Rs104,000 to Rs1 million a month, at a single rate of 30%. The proposal indicates inequity…
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Refineries seek Rs23b in tax refunds | The Express Tribune
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[ad_1] ISLAMABAD: Cash-strapped oil refineries have sought the Petroleum Division’s help for the release of Rs23 billion worth of refunds stuck with the Federal Board of Revenue (FBR). In a letter to Ministry of Energy (Petroleum Division) Secretary Ali Raza…
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Import tax rationalisation to ease inflation: FBR | The Express Tribune
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[ad_1] KARACHI: Withholding tax (WHT) should be levied on income rather than on transactions and further tax should be abolished, said Federal Board of Revenue (FBR) Chairman Muhammad Ashfaq Ahmed. Speaking at the Karachi Chamber of Commerce and Industry (KCCI)…
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Impasse with IMF over PM’s tax amnesty | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Friday could not break its impasse with and the International Monetary Fund (IMF) over Prime Minister Imran Khan’s tax amnesty scheme and his Rs246 billion relief package. However, the finance ministry said the global lender…
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Govt to tax Chinese petrol import | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to impose 10% regulatory duty on the import of petrol from China aimed at plugging a loophole that is exploited by the oil marketing companies to avoid taxes, which has caused over Rs40 billion…
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Federal cabinet okays third tax amnesty
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[ad_1] Prime Minister Imran Khan chairs a federal cabinet meeting in Islamabad on November 23, 2018. — PID/file ISLAMABAD: The federal cabinet Tuesday formally approved a summary moved by the finance ministry, paving the way to promulgate an ordinance to…
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Govt set to offer third tax amnesty scheme | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to promulgate an ordinance to offer a third tax amnesty scheme in as many years — this time to industrialists — by offering them to whiten their black money at 5% rate by investing…
