Budget 2014-15: Reforming sales tax system – II
During 2003-2007, one tax official used different techniques to issue illegal refunds in several cases without any check by any agency. It was found that the accused official during his…
During 2003-2007, one tax official used different techniques to issue illegal refunds in several cases without any check by any agency. It was found that the accused official during his…
Taxation should serve as a catalyst for industrial expansion and economic growth. In Pakistan the ill-directed, illogical, regressive and unfair tax regulations are causing a dampening effect on the industrial…
The Chairman of Federal Board of Revenue (FBR) while attending a hearing before the Senate Standing Committee on Finance on May 13, 2014, in a shocking move and in utter…
Our article [FBR: blame game continues, Business Recorder, May 16, 2014] wrongly conveyed that the Chairman of Federal Board of Revenue (FBR), during hearing before the Senate Standing Committee on…
CHAPTER 3 ASSESSMENT OF INCOME Part 1 - Scope of Assessment of Income 31. The income of any year shall include - (1) in the case of a resident person,…
"If we want lower taxes for growth, then spending must be curtailed so that governments won't need so much money. The next time you hear a politician promise another tax…
The collusion between the Pakistani authorities and the IMF staff on accounting gimmickries have come under sharp criticism in recent weeks in national and international print media. Using 'ingenious' accounting…
Questions are being raised in Pakistan about the true health of the economy in general and fiscal health in particular in print and electronic media. Independent economists with strong credentials,…
Federal Finance Minister Ishaq Dar presented last Friday his fifth and presumably his and the PML-N government's last federal budget before the next general elections. There is not much to…
Pakistan - a 220 million population’s country with more than 1.8 million undergrad and graduation students enrolled in 135 public sector universities has spent only Rs64 billion ($400 million) on…