Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In order to issue payment of dues to the officials of Federal Board of Revenue (FBR) died during service or post retirement, the authorities strictly directed the field formation…
KARACHI: More than 120,000 initial notices (u/s 114 of the Income Tax Ordinance 2001) have been issued – based on large potential fiscal liabilities and location to ensure the initiative…
KARACHI: The Federal Board of Revenue (FBR) has decided to update the details of active taxpayers on its web portal on 15th day of every month. Statutory regulatory order (SRO)…
KARACHI: Transparency International Pakistan (TIP) has rejected the FBR’s clarification on monitoring of production and said that the revenue authorities should take corrective steps to stop Rs 600 billion tax…
KARACHI: In order to facilitate trade and ensure seamless working at assessment stage, the MCC Port Qasim has distributed work amongst Principal Appraisers and Appraising Officers during Eid days. Deputy…
KARACHI: The conveyor bridge built to transport raw-material to Pakistan Steel Mill from Port Qasim collapsed Saturday morning after it was hit by a trailer cutting the link between Pot…
KARACHI: The Federal Board of Revenue (FBR) has made mandatory for the airlines to deposit the collected advance tax within seven days from the date when the tax from person…
KARACHI: Chief Collector Appraisement-South, Nasir Masroor has notified inter-collectorate transfers and postings of Grade-16 officers. The officers who have been moved include Principal Appraiser Babar Kabir posted from IOCO to…
KARACHI: The Federal Board of Revenue (FBR) has directed its concerned officials to collect sales tax from retailers in a systematic manner, Sales Tax General Order said on Thursday. As…
KARACHI: The Sindh High Court (SHC) has rejected the application of one Mohammad Zubair Langrial for his post arrest bail; he was arrested for fraudulently taking goods out of country…
KARACHI: Federal Board of Revenue (FBR) on Wednesday issued a list of 27 nominated BS-19 officers of Pakistan Customs Services (PCS) for 16th Senior Management Course (SMC) which will commence…
KARACHI: Pakistan Customs has assessed the customs values of methylene chloride up to $665 per MT for collection of duty and tax. Directorate General of Customs Valuation on Tuesday said…
KARACHI: The Customs Classification Centre has determined the tariff classification of PV/PU materials (artificial leather) manufactured by M/s ATS Synthetics and M/s AHN Synthetics under PCT Code 39.21. The tariff…
ISLAMABAD: Shahid Hussain Asad has been assigned look-after charge of chairman of Federal Board of Revenue as Tariq Bajwa is on leave till August 14, 2014. In a notification issued…
KARACHI: The State Bank of Pakistan (SBP) on Saturday identified major risk to fiscal deficit target of 4.9 percent in the current fiscal year is from the revenue side as…
KARACHI: The Federal Board of Revenue (FBR) has said that all the resident persons belonging to any association or trade body are required to file income tax returns. Through the…
KARACHI: The Federal Board of Revenue (FBR) on Friday notified large-scale reshuffling of officers of Grade-20 in Inland Revenue Service (IRS). According to details, Jehanzeb Mahmood has been posted as…
KARACHI: The Federal Board of Revenue (FBR) has notified large scale transfers and postings of Grade-20 officers in Pakistan Customs Service. According to details, Junaid Akram has been posted as…
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued explanation to Finance Act 2014 regarding amendments to newly introduced alternative corporate tax under Section 113C to Income Tax Ordinance.…
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued explanation to Finance Act 2014 regarding amendments to taxation of bonus shares. Relevant sections: clause (29) of Section 2, Section…