Budget proposals 2014-2015: benchmark advanced tax be reduced to 80 percent
KARACHI: The business community has proposed an amendment in the law of ‘advance tax paid by the taxpayer’ to slash the advance tax rate to 80 percent from the current…
Budget proposal 2014-2015: One percent advance tax on imports recommended
KARACHI: The industry experts have urged the government to cut the advance tax on imports to one percent from the existing rate of five percent because manufacturers are facing hardships…
Importer, clearing agent penalized for mis-declaration, under-invoicing
KARACHI: The Customs Adjudication has penalized one M/s Khuwaja Flat Glass Industries (Pvt) Ltd and a clearing agent M/s RIL Logistics (Pvt) Ltd for mis-declaration/under-invoicing and depriving national exchequer of…