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FTA posts over 110% growth in number of authorised agents

15 Jul 2019

The first half of 2019 saw the number of authorised Tax Agents increase by more than 110 per cent to exceed 370 Agents, up from 176 by the end of 2018, asserted the Federal Tax Authority (FTA) as it hosted the second Meeting of Tax Agents.

OSPs deposit $7.5 billion in banks

07 Jul 2019

The National Assembly’s Standing Committee on Finance has showed dissatisfaction over the FBR’s performance to bring people into the tax system out of total 152,000 bank account details received from the Organisation for Economic Cooperation

Cigarettes with tax stamps arrive

27 Apr 2019

A new shipment of cigarette packets marked with the Digital Tax Stamps approved by the Federal Tax Authority (FTA) has made it to Dubai. The Stamps will be electronically tracked to ensure Excise Tax due on tobacco products has been settled. In a press statement issued on Saturday,

New liquidity requirement for NBFCs credit positive: Moody’s

04 Jun 2019

Credit rating agency Moody’s on Tuesday said the new liquidity requirement for non-bank finance companies announced by the RBI is credit positive since it will reduce their risk due to liquidity shortfall that could disrupt their ability to collect

India’s GST collection up 6.67% in May

04 Jun 2019

The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs1,00,289 crore from a year ago period staying above Rs1 lakh crore in monthly revenue mop-up.

Japan to review economic data, raises doubt on high sales tax

17 May 2019

Japan’s government is considering downgrading its assessment of the economy next week as the intensifying Sino-US trade war takes a toll on exports and factory output, a government source with direct knowledge of the matter told Reuters. A downgrade in the crucial monthly report could fuel speculation

Cabinet clears VAT revenues distribution between federal, local governments

30 May 2019

According to the decision 30 per cent of the revenue will go to the federal government, and 70 per cent to the local governments.

Abu Dhabi road toll gates to be operational from Oct.15

26 Jul 2019

The Department of Transport - Abu Dhabi (DoT) and the Integrated Transport Centre (ITC) have announced the launch of its forthcoming toll gate system in line with the Surface Transport Master Plan (STMP) for the Emirate of Abu Dhabi.

PM’s appeals fail to elicit response to tax amnesty

23 Jun 2019

Despite repeated warnings and announcements from Prime Minister Imran Khan and other top functionaries of the government, the response on tax amnesty scheme is dismally low as so far over 2,000 declarations

Tax money will be spent for public welfare, assures PM

25 Jun 2019

Prime Minister Imran Khan has participated in Geo News’ special transmission on asset declaration scheme. He and his finance team responded to questions from the chambers of commerce of Karachi, Lahore, Faisalabad, and Balochistan in the live transmission.

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