Category Archives: Misc

FBR urged streamlining sales tax refunds, timely input tax adjustment

KARACHI: All Pakistan Textile Mills Association (APTMA) has demanded the Federal Board of Revenue (FBR) to streamline refunds system and also ensure timely adjustment of inputs for textile sector to resolve liquidity issue of the textile sector.

Private sector made FBR’s WHT agent: Islamabad Chamber

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday said that prevailing withholding tax regime has made taxpayers of private sector as withholding agents for FBR due to which business community had to spend sufficient time on collection of withholding tax for the tax department.

Budget 2018/2019 may be laden with relief measures considering general elections

KARACHI: The government is presenting its last budget of its tenure and it may announce relief measures in order to strengthen vote bank considering this year’s general elections.

Budget 2018/2019 to focus on broadening tax base: Miftah Ismail

ISLAMABAD: Adviser to Prime Minister on Finance, Dr. Miftah Ismail on Sunday said budget 2018/2019 to focus on broadening tax base

Budget 2018/2019 to be presented by mid-May: Prime Minister

ISLAMABAD: The government will present its sixth budget for fiscal year 2018/2019 by mid-May just before setting up an interim government, Prime Minister Shahid Khaqan Abbasi said on Thursday.

Minimum income tax threshold for individuals may be enhanced to Rs800,000: minister

ISLAMABAD: The federal government is considering to enhance the minimum income threshold to Rs800,000 from existing Rs400,000 for salary persons for the calculation of tax in the upcoming budget 2018/2019.

SECP directs stock exchange to elect directors

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed the Pakistan Stock Exchange Limited (PSX) to complete the process of holding election for board of directors by February 28, 2018.

PTBA demands return filing date extension up to Nov 30

KARACHI: Pakistan Tax Bar Association (PTBA) has demand the government of extending the last date for filing income tax return and wealth statement for a month i.e. November 30, 2017 in order to increase the number of return filers and facilitate existing taxpayers.

PTBA elects Qadir Memon as president for term 2017/2019

KARACHI: Pakistan Tax Bar Association (PTBA) has elected unopposed Abdul Qadir Memon as president for the term 2017/2019. Memon has already served PTBA for the term 2009-2011.

Eid al Adha Mubarak

eid-ul-adha2 [Pakistan Revenue] wishes all its readers a Happy Eid Mubarak.