Pakistan News

    Inheritance Tax Pakistan

  • SC gives deceased woman rightful share in inheritance

    ISLAMABAD: Expressing dissatisfaction over inordinate delays in dispensation of justice, a Supreme Court bench on Wednesday settled an extraordinary inheritance dispute by ruling in favour of a woman deprived of a rightful share in her father’s property by her three brothers...

    In its final order, the bench observed, “A sister, to claim her rightful inheritance, was compelled to go to court and suffered long years of agony...

  • Family of Yugoslavia’s Tito await news of inheritance

    This month a Serbian court is finally expected to rule on the inheritance of his huge and eclectic range of possessions, from hunting rifles and paintings to marshal uniforms and even stones from the moon — a gift from US President Richard Nixon...

    But today the extent of Tito’s assets to be divided up by the court remains unclear, even to relatives who await news of their inheritance: his son Misha, the four children of his late son...

  • The Inheritance Powder, a tender tale of love and death

    HILARY Standing’s debut novel, The Inheritance Powder, was originally published in the UK in October 2015, and short-listed for the Yeovil Literary Prize in the same year...

    The Inheritance Powder tells the tale of the world’s worst mass chemical poisoning, a terrible story of 50-80 million people poisoned by arsenic released from under layers of sediment in deltaic regions of India and Bangladesh by the action of constructing deep...

  • Human rights ministry launches awareness drive about women's right to inheritance

    The Ministry of Human Rights has launched an awareness campaign to educate people about the rights of women to inheritance under Islamic jurisprudence and the Constitution...

    Speaking on the matter, in a video message released by the ministry, Council of Islamic Ideology Chairman Dr Qibla Ijaz said, "It is shameful that women are talked out of their inheritance through emotional blackmail and family pressure...

  • 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...

  • 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...

    "Nawaz said the situation in the country has improved in comparison with the state of affairs 3-4 years ago, Radio Pakistan reported...

  • 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...

  • Tax or no tax, UAE aims to remain magnet for investors

    Tax advantages paired with a life of luxury have long drawn foreigners and multinationals to the United Arab Emirates (UAE), which is aiming to remain attractive whether or not it signs up to a global tax initiative...

    The Group of Seven (G7) wealthy powers this month endorsed an “unprecedented” agreement on a global minimum corporate tax targeting major companies seen as not paying enough, especially tech giants...

  • Here’s how you can file your income tax in Pakistan

    Want to avail better than usual services at airports, excise offices? Want to get that new car at a lower price? Or even that prime piece of real estate at a lower-than-asking rate? Want to enjoy a minimal withholding tax on all your banking transactions? Did you recently suffer a loss in your business and need a tax waiver?If you answered yes to any of those questions, then you need to file your tax returns and wealth statement so that you...

  • Pakistan warned against delaying anti-tax evasion measures

    ISLAMABAD: Pakistan’s top tax machinery is delaying honouring its international commitments to prevent tax evasion and the setting up of offshore accounts for stashing ill-gotten wealth...

    The Organisation of Economic Cooperation and Development (OECD) has warned Pakistan that it may lose the right to receive information on a reciprocal basis from other 104 signatories if its implementation of the required measures has deficiencies......

  • Pakistan adopting a regressive tax system, says economist

    KARACHI: “The Federal Board of Revenue (FBR) has fallen apart,” said economist Prof Dr Hafeez Pasha while speaking at a seminar on the provincial budgets of Pakistan on Tuesday...

    Held at the Applied Economics Research Centre, University of Karachi, the seminar covered different areas of concerns with regards to Pakistan’s economic policy, especially in the context of the current budgets announced for the financial year 2015-16... ...

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