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All Stories: Tax

Karachi traders observe strike against new tax laws

KARACHI: Traders and the business community in Karachi observed a complete shutdown on Saturday in protest against what they called controversial provisions in the...

PPP’s Nasir Shah urges federal govt to withdraw tax on solar panels

KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah has urged the centre to withdraw the decision to tax solar panels.  Addressing a press conference in...

No more free rides, all segments must pay tax for national interest: FinMin Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said here on Thursday that country’s retail sector, which contributes a significant 19% to...

Salaried class pays more tax than wholesalers, retailers

ISLAMABAD: The salaried class has paid more income tax than wholesalers and retailers during the current fiscal year, ARY News reported on Thursday. According to...

Kia contests $14 million India tax demand

Kia on Friday said it is contesting an Indian tax demand of $14 million for wrongly using free trade agreements to claim lower...

WATCH: What is the TDX tax imposed on shopkeepers

KARACHI: The traders community rejected the Tajir Dost Scheme (TDS) introduced by the Federal Board of Revenue, ARY News reported. Traders associations described the TDS...

Kuwait approves 15% tax on multinationals

The Kuwait government has okayed a draft resolution introducing a 15% tax on multinational companies operating across multiple countries. The measure passed by the Kuwaiti...

UAE to join global minimum tax rate on multinationals

The United Arab Emirates (UAE), home to the regional headquarters of numerous multinational companies, said Monday it would introduce a 15 percent tax rate...

Global economy chiefs fret over a Trump return

Low growth, high debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders...

IMF talks: Pakistan ‘agrees’ to slap tax on agriculture income

ISLAMABAD: Pakistan has 'agreed' to the imposition of tax on agriculture income during talks with the International Monetary Fund (IMF), ARY News reported on...

IATA asks Pakistan to revoke recent tax hike on air tickets

KARACHI: International Air Transport Association (IATA) has demanded of Pakistan government to lower tax on air tickets, ARY News reported. The federal government jacked up...

Tax imposed on herbal, homeopathic medicines

ISLAMABAD: The federal government has accepted another demand of International Monetary Fund (IMF), withdrawing tax exemptions on herbal and homeopathic medicines and imposing an...

IMF wants Pakistan to impose tax on stationery items

ISLAMABAD: The International Monetary Fund (IMF) has recommended the Pakistani government impose a tax on stationery items including books, pens, etc, citing sources ARY...

KP CM opposes tax on Naswar in budget 2024

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur Friday opposed taxing Naswar in the upcoming budget of the province.  The proposal to tax Naswar was...

Govt to ‘increase’ tax on cash withdrawal in upcoming budget

The federal government is mulling over increasing an advance tax on cash withdrawal by non-filers from banks in the upcoming FY budget 2024-25, ARY...

Plan underway to digitize tax system: PM Shehbaz Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that the revival of economy is the biggest challenge and topmost priority of the incumbent government. Talking...

END TO END DIGITIZATION OF TAX SYSTEM IS TOP PRIORITY: FINANCE MINISTER

Finance Minister Muhammad Aurangzeb on Wednesday visited the Federal Board of Revenue (FBR) Headquarters in Islamabad and stressed upon the urgent need for digitizing...

India aims to collect $1.7 bln from online gambling tax

India expects to collect up to 140 billion rupees ($1.7 billion) in goods and services tax (GST) next financial year by taxing online gambling...

FBR finalises scheme to ‘tax 3.5mln retailers’

ISLAMABAD: In its efforts to broaden the tax net, the Federal Board of Revenue (FBR) has finalized a scheme to tax retailers in the...

FBR finalises scheme to ‘slap’ tax on retailers

ISLAMABAD: In its efforts to broaden the tax net, the Federal Board of Revenue (FBR) has finalized a scheme to slap tax on retailers...
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