FBR bifurcates ERM to monitor asset declaration by officers
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…
FPCCI suggests forming Pakistan-Afghanistan customs union
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…
Convention for avoidance of double taxation treaty between Pakistan and Egypt
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…
AFU detects tax fraud through huge under-valuation of imported goods
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…
Appraisement West to review staff’s performance every month
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…