Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In view of the possible contingencies arising because of the cyclone named Nilofar, de-stuffing of containerized imported goods remained suspended at Karachi International Container Terminal (KICT), Pakistan International Container…
KARACHI: Pakistan and Germany have signed convention for avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on June 14, 1994. Have agreed…
KARACHI: The Special Recovery Team of Model Customs Collectorate of Exports, on the instructions of Collector Manzoor Memon, has initiated attaching bank accounts of defaulters in order to secure legitimate…
KARACHI: The Federal Board of Revenue (FBR) has short-listed eleven officers of Inland Revenue for nomination of BS-20 officers for national security and war course 2015/2016 at national defense university…
KARACHI: Pakistan and France have signed convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on June 15, 1994. Have…
KARACHI: Karachi Tax Bar Association (KTBA) has pointed out serious irritants in the income tax return and wealth statement forms as it informed Tariq Bajwa, Chairman, Federal Board of Revenue…
KARACHI: Pakistan and Finland have signed convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on December 30, 1994. Have…
KARACHI: Iftikhar Ahmed Vohra, President, Karachi Chamber of Commerce and Industry (KCCI), has urged the Federal Board of Revenue (FBR) to extend the last date of filing income tax return…
KARACHI: The Federal Board of Revenue (FBR) has bifurcated ERM in to two sections to monitor the mandatory requirement of declaration of assets by BS-16 and above officers. In a…
KARACHI: Zakaria Usman, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has stressed a need to form customs union between Pakistan and Afghanistan to remove complications of tax…
KARACHI: Pakistan and Egypt have signed convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on December 16, 1995. Have…
KARACHI: The Customs Air Freight Unit (AFU) has detected a case of gross under-valuation, hence foiling the bid to inflict heavy loss to the national exchequer. According to the details…
KARACHI: The MCC Appraisement West advised all principal appraisers (PA), Assistant & Deputy Collectors (AC/DC) to prepare performance for July-October 2014 highlighting detections made, recoveries affected or any other tangible…
KARACHI: Pakistan and Denmark have signed convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on October 22, 1987. Have…
Karachi: The Federal Board of Revenue (FBR) has made amendment in Customs General Order for concession on imported machinery which used to set up new power units. A circular said,…
KARACHI: Model Customs Collectorate of Appraisement (West) has informed that all customs offices will be visited regularly on random basis for reviewing work performance from now onwards. According to a…
KARACHI: The MCC Appraisement West has amended the standard operating procedure (SOP) for clearance of vehicles in WeBOC system to curtail the examination time for the vehicles. Sources said that…
KARACHI: The MCC Appraisement West is issuing ‘assessment alert’ to check importers who are unlawfully claiming the benefit of SRO 1125(I)/2011 and SRO 56(I)/2006 on import and clearance of yarn/fabric.…
KARACHI: Pakistan and China have signed convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on November 15, 1989. Have…
KARACHI: The Customs Appellate Tribunal has struck down the ruling of Collector Appeals and restored the redemption fine as well the penalty imposed by Customs Adjudication in a case where…