November 14, 2012 (Wednesday)News & Views Newsletter from Ashraf Reza & Company, Bahawalpur, www.ashrafrezaandcompany.com,email: reza888itp@gmail.comAssalam o Alaikum W’Rahmatullah W’Barakatuhu !!!Cabinet likely to approve two new tax schemes today The Federal Cabinet which, is…
The new Tax Laws (Amendment) Bill, 2012
The new Tax Laws (Amendment) Bill, 2012 has incorporated registration and investment schemes allowing individuals to pay registration tax of Rs 40,000 (first month), Rs 50,000 (second month) and Rs 70,000 (third month) for legalisation of assets and income. On 4…
Why another tax amnesty?
Huzaima Bukhari & Dr. Ikramul HaqFederal Board of Revenue (FBR) has once again admitted its failure in dealing with the powerful class of traders forcing them to file tax returns as other persons do. The government of the day, as…
Why another tax amnesty?
Huzaima Bukhari & Dr. Ikramul HaqThe Federal Board of Revenue (FBR) has once again admitted its failure in dealing with the powerful class of traders in forcing them to file tax returns as other persons do. The government of the…
Yet another tax amnesty scheme!
Huzaima Bukhari & Dr. Ikramul HaqIt is disturbing to hear that the Federal Board of Revenue (FBR) is contemplating yet another tax amnesty scheme for tax evaders. The Parliament instead of entertaining any such scheme should seriously consider introducing asset-seizure…
Tax amnesty for whom?
Huzaima Bukhari & Dr. Ikramul HaqThe Transparency International Pakistan (TIP), in a letter, has prayed to “the Honorable Chief Justice of Pakistan to take suo moto action on FBR’s proposal of two blanket tax amnesty schemes, voluntary tax registration and…
Remembering Peshawar tragedy
Huzaima Bukhari & Dr. Ikramul HaqIt is tragic that even after lapse of four years, the state machinery has failed to unveil the real hands behind the 2014 tragedy of Peshawar Army Public School. These were the same forces that…
Time up for fiscal integration
Huzaima Bukhari, Dr Ikramul Haq and Dr Muhammad Babar ChohanThe biggest challenge faced by our tax system at national and provincial levels is perpetuation of a highly fragmented structure that is not only inefficient but also responsible for not achieving …
According to 2017 census, our population is 207.77 million [provisional]. The dependent population of children under the age of 15 years is 35.4% and 4.2% people are above 65 years. Out of total population, 40 million are below poverty line…