Pakistan News

    Commissionerate Of Service Tax Hyderabad News

  • Pemra seeks ARY News response to IB complaint against 'fake news'

    The Pakistan Electronic Media Regulatory Authority (Pemra) on Saturday directed ARY News to respond to a complaint filed by the Intelligence Bureau (IB) against its report on a list of lawmakers suspected of links with banned militant groups allegedly compiled by the IB...

    The list first came to light when ARY News programme 'Power Play' aired a report on Sept 25 claiming that former prime minister Nawaz Sharif had directed the IB on...

  • Pemra serves notices to ARY, Bol News over 'fake' news regarding cabinet reshuffle

    The Pakistan Electronic Media Regulatory Authority (Pemra) has issued show-cause notices to ARY News and Bol News for airing news items regarding a reshuffle in the federal cabinet and change in the portfolios of some federal ministers, it emerged on Tuesday...

    The two media outlets had aired the news on Monday morning about a possible reshuffle in the posts for Minister for Finance and Minister of State for Interior held by Asad Umar...

  • Citizens unhappy with hefty increase in Karachi-Hyderabad toll tax

    KARACHI: While the Karachi-Hyderabad motorway is still in the process of completion, authorities have increased the toll tax manifold on the ground that the Superhighway, as it was previously called, has now become a part of the countrywide network of motorways...

    Previously, the toll tax for a car going from Karachi to Hyderabad was Rs30...

  • Cable operators reject service tax

    KARACHI: The cable operators association has opposed the imposition of a fresh ‘service tax’ by the Sindh government and called upon the authorities to declare their business tax-free for 10 years...

    “We make this demand so that we can offer cheap and quality service to our customers,” Khalid Arain, chairman of the Cable Operators Association of Pakistan, said at a press conference at the KPC on Sunday...

  • Law lacks mode of service of tax notices

    KARACHI: Pakistan Tax Bar Association (PTBA) has drawn the Federal Board of Revenue’s (FBR) attention towards a deficiency in the law for ensuring proper service of notices and other documents on resident taxpayers...

    The tax bar maintained that such decisions made by the department are illegal and not sustainable in the eyes of the law because as per current practice only notices and other documents served on the resident taxpayers...

  • Sales tax on 11 service sectors cut by 14pc

    LAHORE: The Punjab government on Monday notified reduction of six to 14 per cent in rate of sales tax on services for 11 undocumented sectors that had been resisting the 16pc levy in the last one and a half years or so...

    The reduction aiming at ensuring voluntary compliance has been announced in majority of services concerning small businesses brought to the tax net for the first time in fiscal 2014-15 on the recommendation of the...

  • Punjab contractors may suspend work amid service tax indecision

    LAHORE: Construction companies working on public sector development projects across Punjab could stop work owing to provincial government’s indecision on whether it should deduct sales tax on services from contractors or from the provincial exchequer...

    The confusion prevails among the contractors and the executing government agencies after the Punjab government withdrew an earlier exclusion given to government civil works, including...

  • Centre-provinces row on service tax ‘to hurt investment climate’

    KARACHI: A body comprising manufacturing and services companies urged the federal and provincial governments on Wednesday not to drag the matter of input sales tax on services in courts as it could damage the climate for investment...

    According to a press release issued by the Pakistan Business Council (PBC), the Sindh High Court on Tuesday granted a stay order against the federal government’s move to deny offset of input sales tax on...

  • No new tax on existing tax-payers: FBR chief

    ISLAMABAD: The government unveiled on Wednesday outline of next year’s federal budget, envisaging tax target of Rs3...

    Federal Board of Revenue Chairman Tariq Bajwa said that the burden of taxes would not be increased on tax compliant people...

  • 'One nation, one tax': Indian parliament passes landmark tax reform bill

    NEW DELHI: India's upper house of parliament on Wednesday passed a landmark tax reform bill that will pave the way for the introduction of a new national sales tax, creating a common market across the country for the first time...

    After hours of debate, lawmakers unanimously voted in favour of introducing the long-awaited Goods and Services Tax (GST) after Prime Minister Narendra Modi's government reached a consensus with the Congress...

  • Widening tax net: Nawaz launches Voluntary Tax Compliance scheme

    ISLAMABAD: Prime Minister Nawaz Sharif has urged the business community to pay taxes transparently for greater development and prosperity, through the launch of the Voluntary Tax Compliance scheme...

    "Finance Minister Ishaq Dar on Monday directed the Federal Board of Revenue (FBR) to further improve the draft Voluntary Tax Compliance scheme in order to attract maximum number of new taxpayers and achieve the aim of broadening the tax...

  • Weak personal income tax compliance affecting tax culture in Pakistan: report

    ISLAMABAD: A new United Nations report says that the weak personal income tax (PIT) compliance in Pakistan poses serious questions about the accountability and fairness of the system and this in the long run casts a shadow on the efforts to create conducive tax culture in society...

    The importance of closing the per­sonal income tax loopholes exploited by the rich should not be overlooked, says the report released by the United...

  • Record 2.5m tax returns filed for tax year 2018

    ISLAMABAD: The Federal Board of Revenue (FBR) on Friday announced that nearly 67 per cent more income tax returns were received for the tax year 2018 compared to the preceding year...

    51 million tax returns for the first time in its history as against 1...

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