LAHORE: The Finance Act 2025 has brought significant amendments to the Income Tax Ordinance, 2001, impacting businesses and taxpayers. However, the Federal Board of Revenue has incorporated these changes with an aim to broaden the tax base, increase revenue generation, and promote transparency in the tax system. Key amendments included disallowance of business expenditure, purchases
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced major changes in sales tax law through Finance Bill (2025-26) for the arrest of those involved in tax evasion or tax fraud. According to a statement issued by the FBR on Friday, Finance bill is currently being discussed in the National Assembly and among various business
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced major changes in sales tax law through Finance Bill 2025 for the arrest of those involved in tax evasion or tax fraud. According to a statement issued by the FBR on Friday, Finance bill is currently being discussed in the National Assembly and among various business
A former Democratic candidate for New York state Assembly allegedly stole $160,000 in taxpayer cash by defrauding the state’s new campaign matching-funds program, federal prosecutors said Friday. Dao Yin, who lost his long-shot bid for the Assembly’s 40th District in Queens last year, was slapped with a wire fraud charge and arraigned in Brooklyn federal