FBR to take agencies’ help to combat corruption
KARACHI: The Federal Board of Revenue (FBR) is going to take help from anti-corruption agencies to strengthen its internal controls for combating corruption. FBR sources said that the FBR had…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Board of Revenue (FBR) is going to take help from anti-corruption agencies to strengthen its internal controls for combating corruption. FBR sources said that the FBR had…
KARACHI: The R&D Section of MCC Appraisement East has discovered a massive evasion of revenue by M/s Z.A Pharma through availing undue tax concession by the use of a fake…
KARACHI: Sindh government has reduced the sales tax rate on services rendered in the province to 15 percent from July 01, 2014 with the aim to provide substantial relief to…
KARACHI: The taxpayers are facing serious problems in getting adjustment of input tax related to sales tax paid on provincial services as web portal of the Federal Board of Revenue…
ISLAMABAD: The Federal Board of Revenue (FBR) has warned that the performance allowance of officers would be stopped for at least three months on failure to file their income tax…
KARACHI: The review petition filed by M/s Kinjhar International against Valuation Ruling No. 50/2014 has been rejected as the importers failed to substantiate their claim. In its order, the Director…
KARACHI: The review petition of M/s. Mehran Enterprises filed against Valuation Ruling No. 589 has been rejected on the grounds that the petitioners failed to approach the legal forum within…
KARACHI: A delegation of Karachi Customs Agents Association (KCAA) led by its President Ifikhar Ahmed and General Secretary Faisal Mushtaq visited Gerrys Danata and also met ADC AFU, Tahir Quershi.…
KARACHI: The Director General of the Directorate General of Customs Valuation has rejected a revision petition against Valuation Ruling No. 578/13 by M/s. Bismillah Agencies on the grounds that despite…
KARACHI: In an effort to keep aware of the imbalances arising out of the Federal Budget 2014-15 hurting the textile industry of Pakistan, Muhammad Yasin Siddik, Chairman All Pakistan Textile…
KARACHI: The Directorate General of Customs Valuation has advised Director Customs Valuation Karachi that valuation of goods namely ‘printing ink’ decided in the Valuation Ruling No.634/2014 needs to be revisited…
KARACHI: The Directorate General of Customs Valuation has revised the Customs values of ‘Head Phone’ vide Valuation Ruling No.676/2014. The valuation of Head Phone was initially decided vide Valuation Ruling…
KARACHI: Auction for fresh/leftover/rejected lots to be held on June 11, 2014 to onwards at PICT East Wharf by Pakistan Customs, circular said. The following auction-able goods are included: CADU-7031408…
KARACHI: Auction for general cargo will be held on June 24, 2014 at SNK Bond, Karachi by Pakistan customs, notification said on Monday. The following auction-able goods are included: PWL-02/90-PB…
KARACHI: Pakistan Customs to conduct an auction for fresh/left over lots of general cargo on June 17, 2014 at BOML, circular said on Monday. The following are auction-able general cargos…
KARACHI: Pakistan Customs to conduct auction for fresh/leftover vehicles and general cargo on June 11th, 14th, 21st, 2014 at AICT, a notification said on Monday. The following are auction-able vehicles…
KARACHI: Auction for fresh and leftover lots will be held on June 10 (today) to onwards at Pak Shaheen Container Services (Pvt) Ltd by Pakistan Customs, a circular issued on…
KARACHI: The Federal Board of Revenue (FBR) on Monday directed all the deputed officials that on repatriation, must report the headquarters instead joining to their previous places. The FBR said…
KARACHI: The government has envisaged that tax-to-GDP ratio will be increased to 13 percent by 2016-2017 as a key target for medium term economic framework however; no serious efforts have…
KARACHI: The Directorate General of Internal Audit has detected short-recovery of Rs18.678 billion during July 2013 to April 2014, by different collectorates; these collectorates and directorates are now required to…