Need stressed to slap tax on farm incomes

STAFF REPORT IBD: The provincial government are now look convinced tax the agriculture incomes across the board, however, efforts in this regard still considered half hearted as no tangible progress has so far been made in this regard.According to a report, there are two taxes that apply to landholders – one is land tax and the other is agriculture income tax (AIT).As per land tax slabs levied on the cultivated land, total land revenue should have been Rs 223.2 million last year while the

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FBR mulling to slap tax on Google

STAFF REPORT IBD: Federal Board of Revenue (FBR) is devising ways to tax internet search engine Google Inc on the revenue generated through its business in Pakistan, sources close to the tax department disclosed this.

"It is difficult to levy taxes on the Internet search engine as it has no permanent establishment," said a tax official adding however, since revenue is being generated through local advertisements, local departments have the right to collect tax under this head.

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