IRS officers promoted
KARACHI: The Departmental Promotion Committee (DPC) of Federal Board of Revenue (FBR) has recommended promotion of officers of Inland Revenue Service (IRS) from BS-17 to BS-18 subject to completion of…
FBR meets revenue collection target
KARACHI: The federal Board of Revenue (FBR) collected Rs3.104 trillion in taxes in fiscal year 2015/16, the finance ministry said on Friday, the first time it has met its tax…
Customs values of disposable articles revised
KARACHI: Director Customs Valuation Dr. Wasif Memon has revised the customs values of disposable articles including pp jelly cups and plastic food containers vide Valuation Ruling NO.882/2016. Customs values of…
FBR notifies rules to cross-check input, output tax adjustments
KARACHI: The Federal Board of Revenue (FBR) has linked the input and output tax credit with the return-filing of suppliers as well as buyers; and it would be the responsibility…
FBR amends SRO 1125
KARACHI: The Federal Board of Revenue (FBR) has notified zero-rate sales tax on supplies by export oriented sectors. The FBR issued SRO 491(I)/2016 amending SRO 1125(I)/2011. As per the notification…
Q Mobile phones case: Petitioner denies ownership, summoned to appear before court
KARACHI:A divisional bench of High Court of Sindh (SHC) comprising Justice Syed Hasan Azhar Rizvi and Justice Zafar Ahmed Rajput on Thursday adjourning hearing of a contempt application by petitioner…