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Huzaima Bukhari & Dr. Ikramul Haq “FBR has until 10.10.2018 received 482,275 Income Tax returns for the Tax Year 2018, which are 170,208 more than the 312,067 Income Tax returns received for Tax Year 2017 by the same date, registering an impressive increase of 55%—Press...

The top 500 companies in Pakistan paid Rs 364.325 billion in taxes during 2016-17. Out of 79,728 companies included in the Tax Directory 2016-17, about 32,943 of them paid no tax and 22,312 paid less than Rs 1 million in tax. These statistics were revealed...

The top 500 companies in Pakistan paid Rs 364.325 billion in taxes during 2016-17. Out of 79,728 companies included in the Tax Directory 2016-17, about 32,943 of them paid no tax and 22,312 paid less than Rs 1 million in tax. These statistics were revealed...

 PendencyNo. of JudgesCase per JudgeSupreme Court of Pakistan40,243172367Federal Shariat Court422584Lahore High Court, Lahore165,515562956High Court of Sindh, Karachi92,169342710Peshawar High Court, Peshawar29,624171743High Court of Balochistan, Quetta6,8428855Islamabad High Court17,08553417District Courts, Punjab1,095,5421291848District Courts, Sindh101,059359282District Courts, KPK209,984313671District Courts, Balochistan13,96917182District Courts, Islamabad36,29149568TOTAL1,810,7452,325779

Huzaima Bukhari & Dr. Ikramul Haq Millions of Pakistanis by virtue of over 65 types of withholding taxes imposed under the Income Tax Ordinance, 2001, both adjustable and non-adjustable, are paying advance income tax but only a fraction of them (about 1.5% file income tax...