tax
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Different sectors involved in sales tax evasion worth Rs3.4 trillion: Aurangzeb
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[ad_1] Finance Minister Senator Muhammad Aurangzeb (left) and FBR Chairman Rashid Mahmood Langrial address a press conference to brief FBR study regarding sales tax evasion in Islamabad on October 10, 2024. โ PID Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday highlighted a massive sales tax evasion worth Rs3.4 trillion out of…
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FBR rules out extension in deadline for filing tax returns
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[ad_1] An outside view of the Federal Board of Revenue’s (FBR) office. โ X/@FBRSpokesperson/File ISLAMABAD: The Federal Board of Revenue (FBR) on Monday ruled out any possibility of extending the September 30 deadline for filing tax returns for the financial year 2024. In a statement issued today, the tax regulatory authority clarified that media reports…
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IMF MD links bailout package to tax fairness, economic recovery
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[ad_1] IMF Managing Director Kristalina Georgieva (right) meets PM Shehbaz Sharif-led delegationย on the sidelines of the UNGA session in this image released on September 27, 2024. โ X/@KGeorgieva International Monetary Fund (IMF) Managing Director Kristalina Georgieva has linked the recently approved fresh loan programme for Pakistan with the country’s economic recovery and an improvement…
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FBR dismisses possibility of extending Sept 30 tax return filing deadline
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[ad_1] An undated image showing a general outside view of the FBR building. โ Facebook/Federal Board of Revenue/File ISLAMABAD: The Federal Bureau of Revenue (FBR) on Saturday ruled out any general extension in the September 30 deadline announced by the tax collecting authority for the submission of tax returns. Speaking toย Geo News, FBR spokesperson Bakhtiar…
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Govt struggles to expand tax base as illicit trade surges | The Express Tribune
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[ad_1] LAHORE: The government of Pakistan is facing significant challenges in widening its tax base while simultaneously combating the rise of smuggling and illicit trade, both of which could generate crucial revenue for the national economy. Efforts to bring more traders into the tax net have shown limited success, highlighting the complexity of the issue.…
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Pakistan sees 71% surge in tax filers as FBR surpasses collection targets | The Express Tribune
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[ad_1] The Federal Board of Revenue (FBR) has reported a significant 71% increase in the number of tax return filers for the fiscal year 2023 (FY23), with an additional 2.2 million people filing, bringing the total to 5.3 million.ย The deadline for filing income tax returns for FY24 has been set for September 30, 2024. In…
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Pakistan ‘striving’ to meet IMF terms amid resistance to tax reforms
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[ad_1] Finance Minister Muhammad Aurangzeb calls on Prime Minister Muhammad Shehbaz Sharif in Islamabad. โ Online/File Hoping that Pakistan will no longer have to rely on the lender of last resort for external funding in the future, Prime Minister Shehbaz Sharif has said that the government is actively taking measures to meet the International Monetary…
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Govt misses IMF-dictated tax target | The Express Tribune
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[ad_1] ISLAMABAD: In a significant setback, the government has missed its two-month tax collection target by a wide margin of Rs111 billion, despite imposing a record Rs1.8 trillion in new taxes in the budgetยexacerbating economic hardship for citizens. This shortfall casts serious doubt on the credibility of the national budget and the feasibility of the…
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FBR sets Sep 30 deadline for filing tax returns | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has set September 30 as the deadline for income tax returns for the financial year 2023-24. According to FBR, those who fail to submit tax returns may face legal action. In case of default, a 0.1 percent penalty will be imposed on the payable tax amount. The…
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Kamala Harris to increase corporate tax if wins election, says her campaign
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[ad_1] US Vice President Kamala Harris speaks during a campaign event at Westover High School in Fayetteville, North Carolina, on July 18, 2024. โ AFP WASHINGTON: US Vice President Kamala Harris would raise the corporate tax rate to 28% from 21% if she wins a November 5 election against Republican rival Donald Trump, her campaign…
