Customs, Inland Revenue officials penalized
KARACHI: The Federal Board of Revenue (FBR) has suspended an official of Pakistan Customs for three months on charges of inefficiency. According to a notification, the FBR said that the…
FBR limits scope of exemptions under Section 148 of Income Tax Ordinance
KARACHI: The Federal government has limited the exemption from collection of tax at import stage under section 148 of Income Tax Ordinance, 2001 to specified entities and on import of…
Exporters given option to opt out of final tax regime
KARACHI: The Federal Board of Revenue (FBR) has provided the exporters with an option from tax year 2015 and onwards to opt out of the final tax regime and file…