Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: A customs appellate bench of High Court of Sindh ordered ware housing of a consignment of solar panels as respondent Pakistan Customs sought time to file comments. The bench…
ISLAMABAD: Federal Board of Revenue (FBR) has notified promotion of 30 Appraising Officers as Principal Appraisers with immediate effect and until further orders. The promotees are: Mr.Junaid Malik, MCC, Appraisement…
PESHAWAR: The Secretary (Mgt.Cus.III) has notified the transfer of a number of BPS 16, officers of Pakistan Customs at Peshawar. According to a notification issued on 30-7-2019, following transfers were…
ISLAMABAD: After incorporating amendments for allowing inland movement of foreign currency worth up to $10,000 and granting permission to arrest on charges of money laundering with court approval, the National…
ISLAMABAD: The Federal Board of Revenue (FBR) has explained that it is mandatory to purchase immovable property or any other asset through banking channel. The FBR issued explanation to the…
ISLAMABAD: Data analysis of Income Tax Returns filed in previous years show that huge amount of non-recurring receipts from un-related persons are transferred in the garb of gifts to avoid…
ISLAMABAD: The Federal Board of Revenue (FBR) has explained the incidence of income tax on unexplained foreign remittances vide explanations issued on Tuesday. Through the Finance Act, 2019 the limit…
KARACHI: Through the Finance Act, 2019, the holding period for taxation of capital gain of open plots has been increased to eight years and for constructed properties it has been…
KARACHI: The Federal Board of Revenue (FBR) has explained the penalties to be imposed on offshore tax evader; such person shall pay a penalty of Rs100,000 or an amount equal…