Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The rate of tax on dividend distributed by power generation companies is proposed to be enhanced to 15 percent from existing 7.5 percent, suggests Finance Bill 2019. Applicable tax…
KARACHI: The Finance Bill 2019 has proposed certain amendments to address the practical issues which were being faced by withholding agents of non-resident contractors in relation to payments for offshore…
KARACHI: The Finance Bill 2019 has proposed discretionary power for the Commissioner Inland Revenue to examine and amend the reported income of insurance companies for the purpose of computing the…
KARACHI: The Finance Bill 2019 has proposed to reintroduce minimum tax for commercial importers and ship breakers for tax collected at import stage. The Tax collected at import stage from…
KARACHI: The Finance Bill 2019 has proposed to abolish final tax regime (FTR) and replace the same with minimum tax regime in all cases other than exports, prizes and winnings…
KARACHI: The Finance Bill 2019 has proposed to restrict purchase of property (valuing more than Rs5.0 million), any other asset (valuing more than Rs1.0 million) by any person otherwise than…
KARACHI: The Finance Bill 2019 has proposed the revamp the capital gains tax (CGT) regime on disposal of immovable property, whereby incidence of tax on gains arising from real estate…
KARACHI: The Finance Bill 2019 has proposed enhanced powers for Income Tax Commissioner enabling them to enter and search the premises and confiscate undeclared assets. Section 175 of the Income…
KARACHI: The Finance Bill 2019 has proposed to do away with the concept of ‘filer’ and ‘non-filer’ and instead introduces provisions to deal with such persons whose names do not…
KARACHI: The government through Finance Bill 2019 has proposed a business licensing scheme with a view to detect future taxpayers. Through the proposed Section 181D in Customs Act, 1969, Finance…
LONDON: Pakistan High Commissioner to the United Kingdom, joined by Seers Digital Group and Retail Direct Group, took initiative to formally become a participant of London Tech Week – an…
Karachi: Pak-Qatar Family Takaful, Pakistan’s first and largest Takaful Company proudly announces the launch of its Family Sehat Plan. It is considered among the first Individual health Takaful plan available…
KARACHI: The All Pakistan CNG Association (APCNGA) on Wednesday sought reversal of proposal of the government to increase customs duty on the import of LNG terming it against the interests…
KARACHI: Manzil Pakistan and National Institute of Maritimes Affairs (NIMA), Baharia University Islamabad, have signed memorandum of understanding (MoU) to collaborate and work together for research and review of policy…
ISLAMABAD: Government is giving subsidies to the private sector on the gas and electricity tariff besides they will be given loans as part of efforts to promote economic activity in…
SYDNEY: MPower Group Limited has secured a contract to construct a 6.8MW DC solar farm at Mannum in South Australia, the second significant solar farm project in South Australia to…
MELBOURNE: Auctus Alternative Investments Limited has signed a term sheet, subject to formal documentation, to establish a US asset management business – RBP Partners. Auctus will directly own a 30%…
PERTH, AUSTRALIA: AVZ Minerals Limited has entered into a strategic relationship with Zhejiang Huayou Cobalt Co.Ltd through its group company Huayou International Mining (Hong Kong) Limited. Under the agreement, AVZ…
TOKYO: SPARX Group Co., Ltd. announced that its Mirai Creation Fund II has invested in Groove X, Inc. (GX), a robotics start-up that is developing LOVOT, a family-oriented robot. GX…
TOKYO: In order to strengthen its supply functions in China in response to growing demand for high-performance lubricants in that market, Idemitsu Kosan Co.,Ltd. plans to open its second facility…