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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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