tax
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FBR beats Jul-Feb tax target | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) exceeded its eight-month tax collection target by Rs268 billion but narrowly avoided missing the monthly target for the third month in a row after slowing down disbursement of taxpayers’ refunds. Against the original but relatively low tax target of nearly Rs3.53 trillion, the FBR provisionally collected nearly…
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Seed industry rejects 17% sales tax | The Express Tribune
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[ad_1] LAHORE: The seed industry of Pakistan has termed imposition of 17% sales tax on seeds last nail in the coffin and rejected it while citing that it would affect the access to quality seeds for farmers, industry and end users by inflating its cost. In the maiden meeting of the newly formed Pakistan Hi-Tech…
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Pharma sector gets tax incentives | The Express Tribune
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[ad_1] ISLAMABAD: The government has approved a tax incentive package for the active pharmaceutical ingredient (API) industry to give a boost to its growth and ensure it is on a par with the industries in India, China and Bangladesh. Earlier, the Prime Minister’s Office told the ministries and divisions concerned that PM Imran Khan desired…
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Tarin directs FBR to settle tax issues | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Shaukat Tarin has directed the Federal Board of Revenue (FBR) to take all possible measures for the settlement of tax issues of the pharmaceutical industry. In a meeting with a delegation of Pakistan Pharmaceutical Manufacturers Association (PPMA) on Thursday, the minister gave assurances that all reservations of PPMA would be addressed…
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‘Tax flaws’ impede steel supply | The Express Tribune
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[ad_1] KARACHI: Businessmen of the steel sector have lamented that they have been unable to send their products to the Gwadar Free Zone owing to flaws and complications in sales tax rules. “Steel industry of the country is unable to supply its product to the Gwadar Free Zone as well as Gwadar Airport and Gwadar…
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KEPZ investors urge government to withdraw general sales tax | The Express Tribune
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[ad_1] KARACHI: Businessmen have urged the government to withdraw the general sales tax (GST) imposed on the industries in Karachi Export Processing Zone (KEPZ). Talking to The Express Tribune, businessman Ahsan Ali, operating in KEPZ, underlined that all export processing zones worldwide “are duty-free zones”. He mentioned that the government applied GST only in KEPZ,…
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Tax receipts from POL items jump 72% | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has raised over Rs287 billion in indirect taxes from petroleum products during the first seven months of the current fiscal year -up by 72%, indicating that petroleum products still remain a key source for revenue generation. The taxes were collected from July to January of fiscal year…
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Govt policies hurt tax revenue: FBR | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Shaukat Tarin on Wednesday directed taxmen to step up efforts to achieve the revised revenue target of over Rs6.1 trillion after they missed previous two months’ targets and projected losing more money due to the government’s policies. Tarin held his first face-to-face meeting with chief commissioners of the Inland Revenue Service…
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FBR withdraws 17% tax on diplomats’ imports | The Express Tribune
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[ad_1] ISLAMABAD: The government has quietly withdrawn the 17% sales tax that it had imposed last month through the mini-budget on imports by foreign diplomatic missions and the United Nations agencies after a warning from the Foreign Office (FO) that other countries may take Pakistan to the International Court of Justice over the move. The…
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17% tax on diplomats’ imports withdrawn | The Express Tribune
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[ad_1] ISLAMABAD: The government has quietly withdrawn the 17% sales tax that it had imposed last month through the mini-budget on imports by foreign diplomatic missions and the United Nations agencies after a warning from the Foreign Office (FO) that other countries may take Pakistan to the International Court of Justice over the move. The…
