Sindh targets to collect Rs76 billion sales tax
KARACHI: Sindh envisages over 24 percent increase in its sales tax on services collection for the year 2016-17 to Rs76.012 billion, which the government intends to collect by streamlining tax…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Sindh envisages over 24 percent increase in its sales tax on services collection for the year 2016-17 to Rs76.012 billion, which the government intends to collect by streamlining tax…
KARACHI: The Federal Board of Revenue (FBR) has notified special exemption allowed to growers of agricultural produce. Representatives of flour mills and trade bodies have raised the issue of income…
KARACHI: Director Customs Valuation Karachi, Dr. Wasif Memon has revised the customs values of stationery vide Valuation Ruling No. 868/2016. It was brought to the notice of Directorate Customs Valuation…
KARACHI: The Director Customs Karachi Dr. Wasif Memon has determined the customs values of school bags, briefcase and laptop bags vide Valuation Ruling No. 867/2016. It was brought to the…
ISLAMABAD: MCC Islamabad is keeping strict vigil on the movement of smuggled and non-duty paid goods as well as on the movement of contrabands. Collector MCC Islamabad Dr. Arslan Subuctageen…
KARACHI: The Ministry of Ports & Shipping has notified guidelines for the implementation of the mandatory amendments to the International Convention for the Safety of Life at Sea (SOLAS), which…
KARACHI: Directorate of Reforms & Automation has prepared a modified module in the WeBOC system, which would automatically mark GDs to Post Clearance Audit (PCA) for audit on the basis…
KARACHI: The Competition Commission of Pakistan (CCP) has advised Sindh Revenue Board (SRB) and Punjab Revenue Authority (PRA) to withdraw the exemptions granted to the informal, non-corporate transporters of goods,…
KARACHI: Collector Customs Adjudication Chaudry Muhammad Javaid has penalized the cartel involved in pilferage of ISAF reverse cargo including hazmat waste. The bonded carrier, clearing agent and freight forwarder have…
KARACHI: The Directorate General of Customs Valuation had dismissed the review petition of footwear importers against the Valuation Ruling No.859/2016. The revision petition noted that the department of customs valuation…
KARACHI: Director Customs Valuation Karachi Dr Wasif Memon has revised the customs values of perfumes, colognes and deodorants vide Valuation Ruling No.866/2016. Customs values of perfumes, eau de perfume, eau…
KARACHI: Member-(IRS-Inland Revenue Service FBR) Dr.Muhammad Irshad inaugurated “Health Scheme for IRS Officers/officials “in Karachi. It is first initiative of its kind in govt public sector of Pakistan. The scheme…
KARACHI: Director Customs Valuation Karachi, Dr. Wasif Memon has revised the Customs values of automotive vehicle and motorcycle bulbs vide Valuation Ruling 865/2016. The customs values of automotive bulbs were…
KARACHI: The Federal Board of Revenue (FBR) has notified the office timings for all the formations of Inland Revenue Service (IRS) and Customs during Ramadan. Working hours on 5-day a…
LAHORE: The staff of Anti Smuggling organization (ASO) Model Customs Collectorate (Preventive) Lahore raided a warehouses and recovered huge quantity of smuggled and non-duty-paid spare parts. Pursuant to information Assistant…
KARACHI: Secretary Policy FBR Raja Vishnu Qavi has said a new fully automated sales tax system is being implemented from July 01, 2016, which would reduce post-filing discrepancies. “We expect…
KARACHI: Collector MCC Appraisement East, Ashad Jawwad has initiated a campaign to recover government revenue to the tune of Rs2.0 billion approximately outstanding against various importers. In order to pursue…
LAHORE: The MCC Preventive Lahore is rigorously pursuing the anti-smuggling campaign and during the month of May 2016 large quantity of smuggled, non-duty paid goods were seized worth Rs28.7 million.…
KARACHI: The much awaited withdrawal of the federal excise duty (FED) on services, which are now subject to provincial sales tax, has been proposed in the Finance Bill 2016. In…
KARACHI: The government has proposed to cap the tax exempted import of raw materials to 110 percent of the quantity imported and consumed in the last tax year. Presently, taxpayers…