FBR high-ups reach Dubai to discuss tax policy issues with IMF
KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa has left for Dubai on Friday to attend the meeting with IMF, Member Customs Nisar Mohammad Khan is already in Dubai…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa has left for Dubai on Friday to attend the meeting with IMF, Member Customs Nisar Mohammad Khan is already in Dubai…
KARACHI: The Establishment Division has notified nomination of BS-20 officers for 103rd National Management Course (NMC) at National Management College Lahore. The BS-20 officers of Pakistan Customs Service nominated for…
KARACHI: As was anticipated, the Federal Board of Revenue (FBR) has notified large-scale transfers and postings in Pakistan Customs Service as Grade 21 and Grade-20 officers have been reshuffled. The…
KARACHI: After the Islamabad High Court has advised Establishment Division to revise promotion formula and referred the cases of several officers for reconsideration, a number of officers are likely to…
KARACHI: Collector MCC Appraisement East Manzoor Memon, who has illegally holding transport permits of consignments being transported to Lahore dry port, has also put three officers on duty-off for legally…
KARACHI: The Federal Board of Revenue (FBR) has notified revised rates of withholding tax for Section 231B of the Income Tax Ordinance, 2001 effective July 01, 2015. Advance tax on…
KARACHI: The Islamabad High Court (IHC) has directed Establishment Division to reframe the formula pertaining to the promotions of civil servants and ordered that the cases of employees of BS-21…
Apropos to the news captioned ’Dismissal of bureaucrats promotion; Establishment Division to challenge IHC order’, it is stated that the order of Islamabad High Court was under-reported. As the complete…
KARACHI: MCC Preventive has seized a liquor consignment at East Wharf valuing around Rs20 million. It was imported from Jabel Ali and a Transshipment (TP) was filed for Peshawar. The…
KARACHI: Director General Intelligence & Investigation Customs Lutfullah Virk headed the Directors Conference in Islamabad on Tuesday. The Conference was attended by six Customs Intelligence directors from all over the…
KARACHI: The Islamabad High Court Single Bench has passed an order and dismissed all the promotions notified in the civil bureaucracy for being in violation of the rules. IHC has…
KARACHI: The Federal Board of Revenue (FBR) has suspended an official of Pakistan Customs for three months on charges of inefficiency. According to a notification, the FBR said that the…
KARACHI: The Federal government has limited the exemption from collection of tax at import stage under section 148 of Income Tax Ordinance, 2001 to specified entities and on import of…
KARACHI: The Federal Board of Revenue (FBR) has provided the exporters with an option from tax year 2015 and onwards to opt out of the final tax regime and file…
KARACHI: The Federal Board of Revenue (FBR) has been equipped with automatic selection of cases for audit that do not fulfill certain conditions. Under the provisions 8 of Section 214D,…
KARACHI: The Federal Board of Revenue (FBR) has introduced progressive tax regime for profit on debt in case of non-corporate taxpayers. The rationale for introducing progressive tax rates is that…
KARACHI: The Federal Board of Revenue (FBR) has issued explanation regarding new withholding tax provisions applicable to banking companies. Banking instruments and channels are used to acquire assets and incur…
KARACHI: The Federal Board of Revenue (FBR) has introduced mobile SMS service ‘9966’ for verification of status on active taxpayers list to facilitate taxpayers and withholding agents. FBR has recently…
KARACHI: The Federal Board of Revenue (FBR) as part of the mission to eliminate corruption in the revenue body has developed a code of conduct. This would discourage officers avoiding…
KARACHI: The accused arrested for their involvement in the pilferage of US Army cargo could not secure bail as the Customs Court has extended the date of bail hearing. The…