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Tag Archives: tax system

Afghanistan senators decide to reform tax system

KABUL: Afghan senators have decided to bring reforms to the tax system and help create an investment-friendly environment. They suggested summoning the Finance Minister to brief on the tax system that sparked protest all over Kabul city. A number of trade union members and shopkeepers marched through the streets to protest tax hikes. Some shopkeepers claimed the tax hike was ... Read More »

Australia govt to release discussion paper on tax system

CANBERRA: Australia Government will shortly release a discussion paper on the Australian tax system. It will be the first step towards the much anticipated tax white paper. International factors should figure prominently in the white paper — specifically, how to ensure that Australia has a resilient tax system given the challenges of globalisation. Treasury Secretary John Fraser recently said our ... Read More »

Emergence of new technology proving to be problematic for Australia’s tax system

CANBERRA: The emergence of new technology is proving to be problematic for Australia’s tax system, according to a new discussion paper by the Australian government. The government’s Re:think tax discussion paper, released, points to new technology, along with the digitisation and globalisation of the economy, as being among the prime suspects behind the trend for multinational companies to engage in ... Read More »

Punjab Revenue Authority likely to collect Rs40b taxes in FY14

LAHORE: Punjab Revenue Authority (PRA) will likely to collect Rs40 billion taxes during the current fiscal year as compared to Rs16 billion in FY2013 and Rs6 billion in FY2012. This was revealed by PRA Chairperson Iftikhar Qutab during a meeting with Lahore Chamber of Commerce and Industry (LCCI) President Ijaz A Mumtaz. Executive committee members of the chamber and representatives ... Read More »

FBR chief Bajwa briefs ADB president about Pakistan’s tax system

ISLAMABAD: FBR Chairman Tariq Bajwa called on Asian Development Bank (ADB) President Takehiko Nakao and a delegation of American Business Council and briefed them about tax collection mechanism and performance of FBR in this regard. ADB President lauded the FBR functioning along with stressing upon widening the tax net. Similarly, FBR chairman briefed the American Council delegation about the tax ... Read More »