Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has suggested the tax machinery to bring down the sales tax rate initially to 12.5 percent in upcoming budget…
KARACHI: The business industry has demanded the government to eliminate federal excise duty (FED) on locally manufactured motor vehicles of 1800cc and above those who are falling under HS code…
KARACHI: The business community has proposed an idea that Federal Board of Revenue (FBR) should impose carbon tax on industry for the consumption of fossil fuel (over and above the…
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki has warmly welcomed the Federal Finance Ministry’s decision to settle sales tax refund claims of 26,000 cases…
KARACHI: The Institute of Tender Management is conducting workshops from February 13 to educate the government officials including the staff of Pakistan Customs to educate them about the PPRA rules.…
KARACHI: The Karachi Tax Bar Association (KTBA) on Friday suggested to the Chairman of Federal Board of Revenue (FBR) Tariq Bajwa that immunity must be granted across the board under…
KARACHI: The Federal Board of Revenue (FBR) has been directed by the government to forward certain information regarding tax collection and enforcement measures to International Monetary Fund (IMF) on regular…
KARACHI: Pakistan Custom has increased the valuation of printing ink imported from china by 36 percent for correct assessment and enhanced duty / taxes. In the Valuation Ruling No.634/2014, Directorate…
KARACHI: Establishment Division has issued a list of nominated Officers of Inland Revenue Services (IRS) of BS-18-17 for 17th Mid Career Management Course (MCMC) at National Institute of Management (NIM),…
KARACHI: International Monetary Fund (IMF) on Thursday approved the second tranche $553 million of Extended Fund Facility (EFF) for Pakistan with stress on improving tax administration for eliminating tax loopholes.…
KARACHI: The Federal Board of Revenue (FBR) has selected officers of Inland Revenue Services (IRS) of BS-20 for National Security and War Course at National Defence University starting first week…
KARACHI: Federal Board of Revenue (FBR) said that Pakistan’s financial system has potential to generate more revenue by expanding services. The banking system is making huge profit and bringing more…
KARACHI: Karachi Tax Bar has demanded the Federal Board of Revenue (FBR) to allow filing of income tax returns as its members were unable to filer returns due to slow…
KARACHI: Model Customs Collectorate (MCC) of Preventive, Karachi has seized goods worth Rs35.57 million during first week of November 2013 in the ongoing anti-smuggling drive. The Preventive Collectorate launched the…
Karachi: The real state sector has tremendous potential for revenue generation by incorporating capital gains on immovable property through the enactment of new tax laws with proper documentation and registration…
KARACHI: In order to check improper maintenance of repairs records and alleged misappropriation of public money, the Model Customs Collectorate (MCC) of Appraisement-West has directed all concerned to maintain movement…
KARACHI: Clearing agents have ended the successful strike – launched for an indefinite period – on the second day without approval of their demand as customs authorities threatened them of…
KARACHI: The Chief Collector of Model Customs Collectorate (MCC) Preventive has requested the Federal Board of Revenue (FBR) to allow two check posts to create deterrence against entry of smuggled…
KARACHI: Chairman Federal Board of Revenue (FBR) is scheduled to visit Custom House Karachi on Monday ahead of the visit of Federal Minister for Finance, Ishaq Dar. Ishaq Dar would…
KARACHI: The Directorate General of Customs Valuation has revised the customs values for the import of old and second hand machinery vide Valuation Ruling No. 571/2013. According to details, a…