During his visit to the Utility Stores, Federal Housing Minister Riaz Pirzada emphasized that there will be an expansion in tax coverage to include those who previously did not pay taxes. Up to this point, only landlords have been contributing taxes. He announced that authorities are compiling a list of corrupt government officials, adding that […]
As per details, the Monetary Fund has asked Pakistan to end sales tax relaxation on all items including petrol. The newly elected government of Pakistan should also implement a sales tax on petroleum products along with a Rs 60 levy to increase the tax income. Earlier, the International Monetary Fund (IMF) recommended the government of […]
In a recent notice issued by the Metropolitan Corporation Islamabad (MCI), residents of the federal capital are now required to pay taxes for using bore water. This decision comes as a response to the increasing water scarcity in various parts of Islamabad, leading more people to rely on borewells for their water needs. Unlike before, […]
Sources within the FBR revealed that the scheme, which is currently under discussion, entails a strategic move to levy taxes on traders alongside their electricity bills. As part of this innovative approach, it is proposed to introduce a dedicated column on electricity bills, specifically tailored for traders, facilitating the streamlined collection of taxes. Sources close […]
The way people shop has changed a lot in Pakistan and around the world because more and more people are using the internet to buy things. Because of this, the government is thinking about putting taxes on digital platforms. This idea comes from the International Monetary Fund (IMF), which advises countries about money matters. Recently, […]
The minister also said that the era of cash deposits by friendly countries and the rollovers of the external debt was over, and the country had to come out of the mindset of doing patchwork to deep-rooted economic problems. In his first interaction with a group of journalists since taking oath as the minister, Aurangzeb […]
According to reports on Thursday, the Federal Board of Revenue (FBR) has agreed to tax shops in five major cities across the nation: Karachi, Islamabad, Lahore, Peshawar, and Quetta. According to the sources, the board has planned a scheme to raise Rs100 billion in revenue by imposing a tax on 3.5 million shopkeepers in selected […]
Prime Minister Imran Khan was told Sunday that tax receipts had surpassed Rs2205 billion during the first six months of the current fiscal year. Chairing a meeting to review the tax reforms, the prime minister was briefed that owing to tax reforms, growth in a number of taxpayers had been witnessed. It was told that […]
John McAfee, an anti-virus software creator charged for fraud in the United States. He is in jail after being arrested at Barcelona airport at the weekend. He was about to board a flight to Istanbul with a British passport according to the police. A judicial source said McAfee presented himself to a high court judge […]
British authorities hit Airbnb UK with an additional tax bill of 1.8 million pounds ($2.3 million) last year. The house rental startup’s accounts showed on Tuesday, following an investigation into the firm. UK arm of Airbnb said it had paid the extra obligations after a request from British tax authorities. The UK arm of the […]
