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News Others April 4, 2014

July-March fiscal year 2014: FBR raises WHT demand of over Rs 32 billion

Date: April 04, 2014 The Federal Board of Revenue (FBR) has raised withholding tax demand of over Rs 32 billion during July-March 2013-14, which would result in substantial recovery of billions of rupees through effective monitoring and audit of withholding agents. Sources told Business Recorder here on Thursday that the Directorate General of Withholding Taxes […]

News Others April 4, 2014

Tax Evasion

Two Foreign IT Firms’ Officials Held Date: April 04, 2014 The Directorate General of Intelligence and Investigation Inland Revenue (IR) on Thursday arrested two high-profile executives of an international IT giant in Karachi, selling computer products and accessories on alleged involvement in tax evasion. Sources told Business Recorder here on Thursday that it was the […]

News Others April 1, 2014

Proposal Under Consideration to Impose Tax on Agriculture Sector

Date: 31 March, 2014 Punjab Minister for Finance Mujtaba Shuja-ur-Rehman on Saturday said that taxes have been levied only on affluent segments of society, while there is also a proposal under consideration to impose tax on agriculture sector. While talking to various delegations of the PML-N workers in Lahore, Mujtaba said that property tax, motor […]