The Punjab government has taken a strong step toward improving tax collection by allowing private companies to deduct income tax directly from employees’ salaries. The Punjab Assembly’s Standing Committee on Excise has approved The Punjab Finance (Amendment) Bill 2025, which now awaits final approval in a formal assembly session. Once passed, the law will authorize […]
tax collection
Geo-tagging to revolutionize tax collection in retail sector, says FBR
The Federal Board of Revenue (FBR) is set to use geo-tagging technology to conduct surveys in three major cities. The initiative aims to identify retailers and wholesalers and connect them to Point of Sale (POS) systems. These surveys will focus on businesses in Karachi, Lahore, and Islamabad. The goal is to improve tax compliance and […]
Excise generates Rs13.5b tax during ongoing year
Excise and Taxation department, Islamabad had collected over Rs13.5b revenue during the ongoing fiscal year, generating 4b rupees more than the previous year.” Another milestone in revenue collection achieved after bringing reforms in tax collection system”, said Director Excise Bilal Azam on Tuesday. Talking to APP, he said, the department had introduced new methods of […]
Tax collection surged by 35% in November: Farrukh
Minister of State for Information and Broadcasting Farrukh Habib said on Wednesday that tax collection in November 2021 stood at Rs470 billion and witnessed an increase of 35 per cent as compared to the previous year. In his tweet, he said this meant that despite coronavirus economic activity in Pakistan was booming and businesses flourishing.
PM Khan lauds efforts of FBR on tax collection of Rs 410 bn in July
ISLAMABAD: Prime Minister (PM) Imran Khan has lauded the work of the Federal Board of Revenue (FBR) for collecting the highest ever tax in the month of July. In a tweet through his Twitter account, the prime minister said the collection in the month of July remained Rs.410 bn which is the highest ever in […]
Sales tax refund – a major issue for tractor Industry
The tractor manufacturers have urged the Federal Board of Revenue (FBR) to reduce refund claims by eliminating General Sales Tax (GST) at import stage, which are touching 1,900 million on annual basis for the industry. “This will in turn give a sigh of relief to the local tractor industry,” suggested Chief Executive Officer Al-Ghazi Tractors […]