Tax

Spain hopes to raise 6.8 billion euros in new taxes, including ‘Google tax’

The so-called Google tax on revenues booked locally by large tech firms such as Google,… Read More

Karachi’s Saddar market highest tax contributor in Pakistan

It paid a whopping Rs77.20 billion worth of taxes Read More

Indonesia imposes 10% VAT on Facebook, Disney, Tiktok

Indonesia has added more technology companies that will be obligated to apply 10% value-added tax… Read More

Revenue collection target for FY2020-21 set at Rs4.9 trillion: Hafeez Shaikh

No new taxes have been imposed in the budget for 2020-21, said Hafeez Shaikh during… Read More

Tobacco kills over 160,000 people every year in Pakistan: Zafar Mirza

Zafar Mirza said that around 1200 children aging between six to 15 years start smoking… Read More

Coronavirus-related supplies to be exempted from taxes at ports: Ali Zaidi

“We will not receive any charges under port demurrage till April 15 from traders,” said… Read More

FBR abolishes taxes on import of coronavirus-related medical equipment

The FBR announced to abolish sales tax, income tax, customs duty and regulatory duty for… Read More

Tax exemptions, subsides to be given to counter economic slowdown: Hafeez Shaikh

Pakistan’s economy was on the stability path but the ongoing coronavirus has affected it likewise… Read More

Sindh govt warns to halt tax collection for Centre over FBR deductions

Sindh government on Thursday expressed its resentment over deductions of eight billion rupees by Federal… Read More

Action ordered against FBR officials in tax refund scam case

Federal Tax Ombudsman on Friday directed to initiate action against Federal Board of Revenue (FBR)… Read More

Middle class tax cut to be announced over next 90 days

A tax cut for the middle class would be announced over the next 90 days. Read More

FBR chief applauds small traders as registration process begins

The FBR chairman said that the tax issues faced by the small traders were never… Read More

Tax authority chief arrested on charges of receiving bribes

The head of Egypt’s tax authority, Abdul Azim Hussein, has been arrested on charges of… Read More

Govt slashes duty on import of mobile phones

The Federal Board of Revenue (FBR) issued a list of salient features to explain the… Read More

FBR prepares draft of fixed tax legislation for shopkeepers

The law proposes no requirement of audit for the small shopkeepers, while they will also… Read More

Aggressive measures to be undertaken for desired results: Chairman FBR

Chairman Federal Board of Revenue (FBR) Syed Shabbar Hussain Zaidi said that it is incumbent… Read More

India cuts tax rate on electric vehicles

India on Saturday slashed taxes on electric vehicles and chargers, as it looks to encourage… Read More

Crackdown to be launched against sugar mills involved in hoarding: Azhar

The government imposed tax of rs3.30 on per kg of Sugar Read More

SC orders water companies to pay tax for extracting groundwater

The Supreme Court here on Friday ordered mineral water and beverage companies to pay tax… Read More