Tax specialists observe issues in tax system

ISLAMABAD: Complications and irritants in current tax processes must be overcome in order to fully use the country’s tax capacity. According to former vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) MA Jabbar, taxation schemes are getting more nuanced with each budgetary exercise, likely due to the Federal Board of …

PTI’s Govt to recover 386 bn from sugar mills

Islamabad: The PTI government has decided to recover Rs 386 billion from sugar mills for which National Accountability Bureau cases have been sent. In a recent cabinet meeting, Prime Minister Imran Khan instructed the Adviser on Accountability and Home Affairs to brief the Cabinet on the action taken so far on the report of the …

Atif Aslam in hot water for failing to pay Taxes

Karachi: Famous Pakistani singer, Atif Aslam, received a notice from the Federal Board of Revenue (FBR). According to the details FBR sent the superstar a month’s notice to pay all the taxes that are around Rs. 58 Million. FBR has also presented the notice after coming to know his income via audit for the year …

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