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Governing badly, expecting miracles! — 3 – Dr Ikramul Haq

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As two-thirds of the tax collected is in the form of indirect taxes and one-fourth of the entire amount comes from petroleum and petroleum...

Fiscal reforms agenda — 3 – Dr Ikramul Haq

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The Government of Pakistan Tehreek-i-Insaf (PTI), contrary to its election promises, after coming into power, has failed to undertake all-out reforms to restructure the...

Advance tax, refunds and compensation — 3 – Dr Ikramul Haq

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The PTI Government without waiting for the next budget, through Presidential Order or Finance Supplementary Bill 2021, must make amendment in law requiring FBR...

Advance tax, refunds & compensation — 2 – Dr Ikramul Haq

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In section 171(2)(c) of the Ordinance, it is provided that “in any other case, on the date the refund order is made”. Obviously...

Advance tax, refunds & compensation — 1 – Dr Ikramul Haq

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A cursory look at the annual year books published by the Federal Board of Revenue (FBR) after the promulgation of Income Tax Ordinance,...

FBR: proposals for status quo – Dr Ikramul Haq

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Every year before the preparation of annual federal budget, the Federal Board of Revenue (FBR) seeksproposals from officers, trade/professional bodies, tax bars, and...

Sales tax on “goods” & “services” – Dr Ikramul Haq

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On March 12, 2020, according to Press release of Ministry of Finance, the National Tax Council was established and its terms of...

Return filers, potential & enforcement – Dr Ikramul Haq

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According to a Press release, issued by the Federal Board of Revenue (FBR), on December10, 2020, “A total of nearly 1.8 million returns...

Fundamental tax reforms – Dr Ikramul Haq

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The Pakistan Tehreek-i-Insaf(PTI) after came into power has failed to fulfil its election promise of rationalisation of the tax system even with $400...

Unclogging tax appellate system – Dr Ikramul Haq

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On October 12, 2020, the Chairman of Federal Board of Revenue (FBR), while testifying before the Public Accounts Committee (PAC), revealed that more...