Pakistan Customs, Tax, Shipping & Business News Resource
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…
KARACHI: The Federal Board of Revenue (FBR) has warned all the officers/officials of the Division to seek prior NOC/approval from the Establishment Division before applying for employment with international organizations.…
KARACHI: The Ministry of Finance (Revenue Division) has rationalize the sales tax on import and supply of mobile phones or satellite phones and shifted part burden of collecting sales tax…
KARACHI: The Revenue Division Ministry of Finance has lifter the condition of NTN holder to buy a motor directly from the manufacturer/assembler in Pakistan. The local assemblers/manufacturers of motor cars…
KARACHI: All the customs clearing agents have been advised to get freight memo from the importer and the same should be added in Freight on Board (FOB) value to ascertain…
KARACHI: The Federal Board of Revenue (FBR) has notified that in pursuance of Establishment Division notification No.31/02/2013-E-1, Ansar Javed, a BS-22 officer of Inland Revenue Services (IRS) has assumed the…
KARACHI: The law and order situation and security threats arising due to the long-march and sit-in episode of Dr. Tahir-ul-Qadri resulted in an approximately 50 percent decline in the revenue…
KARACHI: The Federal Board of Revenue (FBR) has notified that the income of Joint Ventures (JVs)/Association of Persons (AoP) in which one partner is a non-resident company, is neither exempt…
KARACHI: The roads linking the Custom House and Karachi Port were blocked by some miscreants on Wednesday in protest against Supreme Court of Pakistan order to arrest Prime Minister in…
KARACHI: The disparity between the revenues of telecom companies particularly the cellular service providers and deposit of withholding tax has compelled the Federal Board of Revenue (FBR) to consider assessment…
KARACHI: The Model Customs Collectorate has made it compulsory that all Goods Declarations (GD) submitted in the relevant appraising group for assessment/clearance shall be accompanied with original copy of the…