Federal Board of Revenue – The Law Today Pakistan

Editor, Khudayar Mohla, Asif Mahmood, PIA privatization, Pakistan International Airlines, PIACL transaction structure, Privatization Commission Board, PIA share divestment, PIA management control, Muhammad Ali privatization adviser, Competition Commission of Pakistan, Roosevelt Hotel privatization, financial advisor briefing, PIA acquisition, Arif Habib Group, Taba Group, YB Holdings, Islamabad PIA meetings, PIA liabilities, Federal Board of Revenue, Pakistan State Oil, aviation sector debt, IMF PIA privatization deadline, Pakistan economic reforms, national airline restructuring

PC Board Approves Transaction Structure for PIA Privatization

Estimated read time 2 min read
March 19, 2025

Sources claim the IMF sets a target for PIA privatization by July

Khudayar Mohla, Islamabad High Court, IHC stay, additional income tax, 15% income tax, banks' excessive lending, Finance Ministry, Federal Board of Revenue, FBR, tax collection, Civil Petition for Leave to Appeal, CPLA, Rs1.03 trillion, tax shortfall, advance-to-deposit ratio (ADR), tax advisory firm, financial impact, tax on government debt, Finance Minister Muhammad Aurangzeb, banks' tax liability, government debt, Rule 6C, Income Tax Ordinance, banking business, banking tax regulations, super tax, State Bank of Pakistan Act, 1956, tax law, Pakistan banking sector, tax dispute, tax estimation, tax collection deadline, December 31 deadline, tax rate for banks, gross ADR, loan taxation, court cases, money bill, constitutional violation, banks' legal challenges, tax policy, banking regulation, income tax dispute, Editor

Govt to Appeal SC to Lift IHC Stay on 15% Additional Income Tax from Bank

Estimated read time 5 min read
November 20, 2024

A week ago the IHC barred FBR from taking any coercive action against the commercial bank based on calculations made under Rule 6C (6A) of the seventh schedule of the ITO

Pakistan Penal Code 1860, Partnership Act 1932,,SECP,Section 9 Companies Act 2017, Securities and Exchange Commission of Pakistan, Specific Relief Act 1877, Suit for Declaration and Permanent Injunction, Supreme Court of Pakistan , Urban Renewal,Editor

Reflections on the Political Economy of Judicial Delay in Pakistan

Estimated read time 19 min read
May 27, 2024

According to research findings announced by a former Supreme Court judge, a civil suit of ordinary complexity takes 25 years before it is finally resolved by the Pakistani justice system. Given that…

Attorney General for Pakistan, AGP, Chairman FBR, Federal Board of Revenue, Superior Courts, Sub-ordinate Courts, Backlog, Tax, Tax cases,Editor

AGP seeks FBR expanded role to address pending tax cases

Estimated read time 1 min read
May 10, 2024

The government says there are tax cases amounting to Rs2,700 billion in courts and appellate forums pending decisions. Last month the National Assembly passed the Tax Laws (Amendment) Act 2024, aimed at…

Prime Minister Anwarul Haq Kakar, Special Investment Facilitation Council, SIFC, State Bank of Pakistan, SBP, Governor Jameel Ahmed, Federal Board of Revenue ,FBR, Editor

SIFC measures yielding positive results: PM

Estimated read time 2 min read
February 16, 2024

The caretaker government has taken steps to create a conducive business environment and provide facilities to the private sector to contribute to the country’s development and increase tax revenue, says Kakar

Peshawar High Court, PHC, Justice Abdul Shakoor, Justice Syed Arshad Ali, Federal Board of Revenue, FBR, Federal Legislative List, Section 7E of the Income Tax Ordinance, Ahmed Kundi, Barrister Umer Ijaz Gilani, Advocate Hamza Bangash, Editor

PHC declares Section 7E of the Income Tax Ordinance 2001 illegal

Estimated read time 4 min read
February 15, 2024

Former Member of the Provincial Assembly Ahmed Kundi , one of the petitioners has invoked jurisdiction of the PHC through counsels Barrister Umer Ijaz Gilani and Hamza Bangash. The petitioner, who is…

Resource Mobilisation adn Tax Reforms Commission 1994, Commission of Tax Reforms 1997, CTR, Federal Board of Revenue, FBR, National Tax Authority, Law Division, GDP

Game-Changer Alert: SIFC gives green light to epic transformation for FBR

Estimated read time 4 min read
January 6, 2024

Approves fixed income tax scheme for retailers, slated to launch in five major cities across country

Toshakhana Policy 2023, Gifts, President, Prime Minister, Cabinet Members, Judges, Civil and Miltary Officers,Pakistan Ordinance Factories Wah, Federal Board of Revenue

Govt implements Toshakhana Policy 2023

Estimated read time 3 min read
March 14, 2023

The public will also be able to buy gifts worth more than 300 dollars through open auction under the Toshakhana Policy 2023 which the federal government has implemented with immediate effect. Sources…

Peshawar High Court, Federal Board of Revenue, Barister Umer Ijaz Gilani, Advocate Hamza Bangash, Income Tax Ordinance 2001, Demand Rental Income of Property, Ahmed Kundi

PHC issues notices to FBR and others in plea challenging vires of 7E ITO 2001

Estimated read time 2 min read
December 14, 2022

The Peshawar High Court has issued notices in a petition challenging the vires of Section 7E, Income Tax Ordinance, 2001, which imposes tax on Deemed rental income of property which is not…

Customs, Federal Excise, Sales tax, Income tax laws, Finance Bill, Pakistan, Federal Board of Revenue, Benami, Anti Money Laundering, Superior Court of Pakistan, Supreme Court of Pakistan, Tax, Special Litigation Management Resource Centre Special Litigation Management Resource Centre

Challenges of Tax Collection – The Way Forward

Estimated read time 6 min read
February 27, 2022

No country becomes welfare and prosperous state unless it would have managed all its financial requirements both on administrative and development sides within its own resources. Pakistan since its inception has been…

Load More Posts