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Govt moves to tax undisclosed offshore assets


Govt moves to tax undisclosed offshore assets
Seeks to impose taxes on ‘suspicious’ gifts transactions among relatives that increased to Rs170b last year
The government has imposed new taxes on almost every important consumable and daily use item, including sugar . STOCK IMAGE
ISLAMABAD:
The government has proposed to open more than five-year-old cases to tax undisclosed offshore assets of Pakistanis and also seeks to impose taxes on “suspicious” gifts transactions among relatives that increased to Rs170 billion last year.
In the Finance Bill 2021, the government has suggested to amend two critical clauses that deal with serving tax notices to the people and treating the gifts related transactions. ....

Aashfaq Tola , Mohsin Aziz , Talha Mahmood , Farooq Naek , Najeebullah Malik , Tariq Chaudhry , Senate Standing Committee On , Finance Bill , Inland Revenue Policy , Senate Standing Committee , Senator Farooq Naek , Member Inland Revenue Policy , Standing Committee , Finance Chairman Senator Talha Mahmood , Real Estate Investment Trusts , Medium Enterprise , Federal Budget , Shaukat Tarin , Pti Govt , Indirect Taxes , அஷுபாக் டோலா , மொஹசின் அஜிஸ் , தல்ஹா மஹ்மூத் , ஃபெரூக் நஎக் , தாரிக் ச Ud த்ரி , செனட் நின்று குழு ஆன் ,

FBR Adds New Members in Consultative Committee to Review Tax Policies in Capital Market


FBR Adds New Members in Consultative Committee to Review Tax Policies in Capital Market
The Federal Board of Revenue (FBR) included two more members in the consultative committee on capital market tax reforms to review the tax policies and suggest measures for the development of the capital market and amendments in the tax laws.
The FBR has issued a notification here on Friday for including Adil Ghaffar Chief Executive Officer First Equity Modaraba and Muhammad Lukman Chief Executive Officer NCCPL as members of the committee.
The FBR Member Inland Revenue Policy would be the chairperson of the committee.
The members of the committee included Shauzab Ali, commissioner Securities Market Division Securities and Exchange Commission of Pakistan (SECP); Farrukh H Khan, chief executive officer Pakistan Stock Exchange (PSX); Ahmed Ali Mitha, chief financial officer PSX. ....

Farrukhh Khan , Shauzab Ali , Adil Ghaffar , Muhammad Lukman , Pakistan Stock Exchange , Exchange Commission Of Pakistan , Securities Market Division , Federal Board , Muhammad Lukman Chief Executive Officer , Inland Revenue Policy , Exchange Commission , Ahmed Ali Mitha , Income Tax Policy , முஹம்மது லுக்மேன் , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , பரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான் , பத்திரங்கள் சந்தை பிரிவு , கூட்டாட்சியின் பலகை , முஹம்மது லுக்மேன் தலைமை நிர்வாகி அதிகாரி , உள்நாட்டு வருவாய் பாலிஸீ , பரிமாற்றம் தரகு , வருமானம் வரி பாலிஸீ ,

Committee tasked to simplify tax return forms - Newspaper


Federal Board of Revenue (FBR) Chairman Javed Ghani has constituted a committee for timely designing, finalisation and simplification of income tax return forms for individuals, association of persons and companies for the tax year 2021. AFP/File
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Javed Ghani has constituted a committee for timely designing, finalisation and simplification of income tax return forms for individuals, association of persons and companies for the tax year 2021.
The decision to simplify the income tax return came six months before the filing of the tax return. Normally, the changes in the return form start in the month of August, which is the first month of filing of returns. ....

Javed Ghani , Domain Business Team , Information Technology Wing , Federal Board , Chairman Javed Ghani , Inland Revenue Operations , Inland Revenue Policy , Second Secretary , Technology Wing , Pakistan Tax Bar Associations , ஜாவெத் கானி , களம் வணிக அணி , தகவல் தொழில்நுட்பம் சாரி , கூட்டாட்சியின் பலகை , தலைவர் ஜாவெத் கானி , உள்நாட்டு வருவாய் செயல்பாடுகள் , உள்நாட்டு வருவாய் பாலிஸீ , இரண்டாவது செயலாளர் , தொழில்நுட்பம் சாரி , பாக்கிஸ்தான் வரி மதுக்கூடம் சங்கங்கள் ,