Tue, 21-Oct-2025

FBR’S I&I NOTICES TO INDUSTRIES ARE CONDEMNABLE: ATIF IKRAM

FBR I&I

Islamabad: President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Shaikh has said that the notices of I&I by FBR to industrialists are condemnable. The notices stated that fake sales tax invoices were taken as inputs. Scrutiny of the importers to some extent can be done by the buyer before buying the goods … Read more

No WHT on banking transactions: Tax authorities to incur loss of Rs28 billion

banking transactions

KARACHI: The elimination of withholding tax on certain banking transactions would cost the tax authorities around Rs28 billion annually, besides hampering the efforts of compliance through the filing of income tax returns. The Finance Bill, 2021 has proposed to delete around 12 different provisions of withholding taxes, which is aimed at providing relief to the … Read more