FBR proposes amendments in Rules
KARACHI: The Federal Board of Revenue (FBR) desires that the advance tax collected by banks on all transactions should be deposited into the government treasury by July 31, 2015. According…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Board of Revenue (FBR) desires that the advance tax collected by banks on all transactions should be deposited into the government treasury by July 31, 2015. According…
KARACHI: Federal Board of Revenue (FBR) on Thursday notified transfers of BS-18 officers of Inland Revenue Service (IRS). According to details, Mian Muhammad Majid Hayat has been transferred to the…
KARACHI: The KSE Brokers Association has demanded penal action against Regional Tax Office (RTO) Zone-1 for demanding illegal duty from tax complaint stocks brokers. Yasin Lakhani, president of the association,…
KARACHI: Federal Board of Revenue (FBR) is all set to notify large-scale transfers and postings of senior officers of Pakistan Customs Service (PCS). The reshuffling is being done in consultation…
KARACHI: The Customs Appellate Tribunal has reduced the penalty of Rs3.0 million imposed on M/s Limsa Agencies Bonded Carrier to Rs1.0 million as it was involved in aiding and abetting…
KARACHI: The Customs Appellate Tribunal has advised the Customs Appraisement to forward representative samples of the consignment – imported by M/s Bismillah Industry – to Kahota Research Laboratory to confirm…
KARACHI: The Federal Board of Revenue (FBR) has extended the scope of Duty and Tax Remission for Exports (DTRE) facility for the manufacturers cum exporters of vegetable ghee. The FBR…
KARACHI: There has been a drastic change in the import pattern on Afghan Transit Trade during the fiscal year ended June 30, 2015 as imports of several goods almost doubled…
KARACHI: The Customs Adjudication has issued a Show Cause Notice of the focal person of US Consulate and their authorized agents, bonded carriers and others as to why evaded amount…
KARACHI: The Federal Finance Minister Ishaq Dar has announced to reduce the withholding tax on all banking transactions exceeding Rs50,000 from 0.6 percent to 0.3 percent. The decision was taken…
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of BS-18 and BS-17 officers of Inland Revenue (IR). According to details, BS-18 officers transferred include Ms. Misbah…
KARACHI: The Federal Board of Revenue has advised the field formations to ensure that the revised regime of Federal Excise Duty (FED) is properly implemented and the duty is charged…
KARACHI: The Federal Board of Revenue (FBR) has advised all the Customs Collectorates as well as Large Taxpayers Units (LTUs) and Regional Tax Offices (RTOs) to ensure that sales tax…
KARACHI: The Federal Board of Revenue (FBR) has issued brief summary of Sales Tax measures for guidance and ease of understanding along with actions required to be taken by the…
KARACHI: The Directorate General of Transit Trade has submitted the final challan before the Court of Special Judge (Customs & Taxation) in the case pertaining to the pilferage and illegal…
KARACHI: The Federal Public Service Commission (FPSC) has announced 227 vacancies in BS-16 in Pakistan Customs for the posts of appraising/valuation officers. Following seats are available in the country, which…
KARACHI: The Federal Board of Revenue (FBR) has made it mandatory that after filing of Goods Declaration (GD), 20 percent consignment of transit goods will be weighed and scanned at…
KARACHI: The Federal Board of Revenue (FBR) has granted unlimited power to the Directorate General of Intellectual Property Rights Enforcement – FBR, which includes making arrests as well as prohibiting…
KARACHI: The Federal Board of Revenue (FBR) has granted special powers to the Directorate General of Transit Trade, which includes the authority to demand documents and provide information as well…
KARACHI: The Directorate General of Customs Valuation has fixed the customs values of Coke vide Valuation Ruling no. 753/2015. The Customs values of Coke (H.S Code 2704.0010) were determined under…