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Illicit cigarette trade – Dr Ikramul Haq

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“Only two companies pay 98 percent of total tax . The remaining 40 percent companies pay meagre two percent tax” – Prime...

Resolve for Pakistan – Dr Ikramul Haq

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The resolution of March 23, 1940 paved the way for a separate homeland for the Muslims of India after a long-drawn struggle against colonial...

FATF: FBR’s challenges – Dr Ikramul Haq

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In June 2021, Pakistan is going to face yet another review of its remaining compliance of three action items, out of total 27 under...

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...