• Sat. Sep 23rd, 2023

    • Category: Tax

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    The NHA raises the toll rate on the Lahore-Islamabad highway.

    The National Highway Authority (NHA) has raised toll charges on the Lahore-Islamabad Motorway (M2). The new tariffs will be in place from August 25, 2023 until August 26, 2024, according to an official announcement. The following are the new rates: Category Toll Rate Per Kilometer (Rs.) Total Amount (Rs.) Car/Jeep/Pickup 3.07 1,100 Wagon 5.15 1,840 […]

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    The FTO has asked the Federal Bureau of Revenue to conduct a yearly analysis of domestic tobacco production.

    The Federal Tax Ombudsman (FTO) has urged the Federal Board of Revenue (FBR) to perform an annual examination of cigarette tobacco produced in Pakistan in comparison to claimed tobacco use by all cigarette manufacturing facilities.According to the FTO’s special report on the tobacco industry, the FBR should promptly apply Rule 89, particularly sub-rules (2) and […]

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    FTO directs FBR to form a High-Power Committee to Investigate the Refund Scam.

    While deciding on an Own Motion investigation on April 28, 2022, the Federal Tax Ombudsman (FTO) authorised the Federal Bureau of Revenue (FBR) to form a high-powered inquiry committee into a flagrant and eye-opening income tax refund fraud of Rs. 123.364 million.According to the information, when examining the issuing of a fake refund of Rs. […]

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