IRS initiates campaign targeting individuals involved in concealment of wealth, money laundering

KARACHI: Inland Revenue Intelligence & Investigation (I&I) has initiated a crackdown against individuals including property traders, importers, school owners and cloth designers who have been … Continue reading

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Officials seek transfers as they were stuck at similar position for over eight years

KARACHI: Director Internal Audit Customs, Karachi Imtiaz Ahmed Shaikh has forwarded an application to Member Admin-FBR of Inland Revenue Audit Officer BS-18 Adeel Ahmed Shah … Continue reading

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Inland Revenue Tribunal strikes down penalty imposed for non-filing of WHT statement

KARACHI: Inland Revenue Appellate Tribunal comprising Muhammad Javed Zakarya has set aside the penalties imposed on M/s Resilience Xpert Pvt Ltd by Commissioner Inland Revenue … Continue reading

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FBR’s incompetency affecting its cases in Courts and Tribunals Losing billions of rupee cases in Tribunal as it didn’t follow it properly

KARACHI: The Ministry of Finance through Federal Board of Revenue (FBR) spends millions of rupee for improving tax recovery system and appoints commissioners, assistant commissioners … Continue reading

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IRS initiates campaign against ST/FED evaded cigarettes

KARACHI: Directorate of Intelligence – Inland Revenue, Karachi has seized large quantities of cigarettes on which Sales Tax and FED was not paid. Director General … Continue reading

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SHC rejects urgency application by Additional Commissioner IR (RTO) against SSANGYONG Engineering

KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Faisal Kamal Alam on Wednesday rejected an application … Continue reading

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