Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The private sector has proposed the tax machinery to charge pharmaceutical products, raw materials and packaging materials on zero rating for sales tax purpose and should be removed from…
KARACHI: The Pakistan Customs in a joint operation with City Administration and Police has demolished as many as 64 fuel stations, which were selling smuggled petrol/diesel causing loss to national…
KARACHI: The joint team of Pakistan Customs, Police and City Administration has demolished 21 petrol pumps in the city, which were selling smuggled petroleum products, while 43 more petrol pumps…
KARACHI: The business industry has demanded that import duty and sales tax for LED based products (irrespective of applications) should be charged at zero percent and LED is considered much…
KARACHI: The business community has recommended the tax machinery that SRO 670(I)/2013 on sales tax on milk and milk based products which are subjected to zero rating should be retained…
KARACHI: The private sector has proposed the tax machinery to effectively check unauthorized import of counterfeit products through registration of brands with customs authorities in coordination with the original brand…
KARACHI: The business industry has demanded the government to eliminate federal excise duty (FED) on locally manufactured motor vehicles of 1800cc and above those who are falling under HS code…
ISLAMABAD: The Federal Board of Revenue (FBR) has announced that due to extensive exercise of budget 2014/2015 and revenue collection, all the field offices would remain open on all Saturdays…
KARACHI: The private sector has urged the government to speed up the process of outstanding refunds within timeframe of 30 days as to ease the condition of doing business and…
KARACHI: The business community has demanded the tax machinery to reduce the sales tax rate to 12.5 percent from current rate of 17 percent and further reduce it to 10…
KARACHI: The business industry has suggested the tax officials to enhance maximum tax rebate on interest paid on housing financing to 1.5 million from RS 750, 000 for the taxpayers.…
KARACHI: The business community has advocated the government to revamp withholding tax rates on import of raw material and capital goods, which should be reduced to one percent from five…
KARACHI: The Anti-smuggling Organization of MCC Preventive has recovered a large quantity of smuggled, non-duty paid foreign goods including alloy rims, wheel caps, nuts, bolts, stickers, packing/wrapping material and aluminum…
KARACHI: The Collector of Customs Adjudication has issued a show-cause notice to M/s Osaka Electrical Corporation for attempting mis-declaration of description and Customs Tariff (PCT) aimed at evasion of duties…
KARACHI: The private sector has suggested the tax authorities to conduct tax audit at once in a year to restore the confidence of honest taxpayers which would ultimately bring investments,…
KARACHI: Model Customs Collectorate (MCC) Appraisement (West) has said it has huge pendency in Bank Guarantee Cell (BGC) that is piled up over the years due to various reasons. The…
KARACHI: Shahanshah Husnain, Collector of Customs Adjudication, after performing his duties honestly and efficiently has retired on May 0, 2014. Shah issued 122 judgments in nine months involving revenue of…
KARACHI: The Directorate General of Customs Valuation has rejected a review petition praying suspension of Valuation ruling No.625/2013, which determines customs values of toffees and candies. One M/s AFU International…
KARACHI: The business industry has demanded the government to reduce minimum tax on turnover to 0.2 percent and exclusion of petroleum levy, till minimum tax not completely eliminated for companies…
KARACHI: The private sector has urged the tax machinery to reduce corporate tax rate to 30 percent in budget 2014-2015 for attracting investments in the sector and to enable country…