FBR frames conditions to NPOs for obtaining exemption certificate, rebate
KARACHI: The Federal Board of Revenue (FBR) has framed multiple conditions for non-profit organizations (NPOs) in order to get exemption certificate and rebate under new regime of tax credit in…
Punjab Revenue Authority asks companies to submit annual audited accounts
KARACHI: Punjab Revenue Authority (PRA) has asked the taxpayers in corporate sector to submit annual audited accounts alongwith tax payments’ propriety certificate from the auditors. “This is a mandatory requirement…
Valuation revised for Chinese origin malleable iron pipe fittings
KARACHI: Pakistan Customs has determined the customs values of Chinese origin malleable iron pipe fittings up to 0.96 per kg for the collection of duty and tax. On Tuesday, Directorate…
Online Netherlands’ Fellowship Program no more valid, FBR informs
KARACHI: The Federal Board of Revenue (FBR) has informed its officials that the Netherlands government will no more accept online fellowship program. The FBR said that Dutch Embassy had informed…
KTBA suggests changes to income tax return form
KARACHI: Karachi Tax Bar Association (KTBA) has sent suggestions and proposals for income tax returns 2014 that is uploaded on web portal of the Federal Board of Revenue (FBR). The…
Auction for vehicles, goods to be held on September 10
KARACHI: Directorate General of Intelligence and Investigation-FBR has announced auction for confiscated vehicles and goods at CPF Bond Warehouse Rasheedabad, SWH on September 10, 2014. On Monday, a notification said…
Assistant collectors join training and research directorate
KARACHI: The Federal Board of Revenue (FBR) on Monday said that after completion of Common Training Programme (CTP), the following Assistant Collector (Probationers) BS-17 of Pakistan Customs Service (41stCTP), have…
FIR lodged against President Vehari Chamber for mis-declaration
KARACHI: The R&D section of MCC Appraisement East has lodged an FIR against one Mohammad Asif s/o Nadirullah of Sundus Fertilizers and Chemicals Pakistan (Pvt) Limited for evading tax and…
List of nominated BS-19 officers for 16th Senior Management Course
KARACHI: The 16th Senior Management Course (SMC) is commencing from September 8, 2014 to January 23rd, 2015 for BS-19 officers at National Management College (NMC), Lahore and National Institute of…
FBR assigns additional charges to IRS officers (BS-19-20)
KARACHI: The Federal Board of Revenue (FBR) has assigned the additional charges to Inland Revenue Service (IRS) Officers of Bs-19-20 with immediate effect till the posting of regular incumbents, a…
Import of electric meter components; Adjudication refers matter to Classification Center for decision
KARACHI: The Collector Adjudication has observed that there is no single policy for the classification of certain goods creating difficulties for importers and agents and increasing chances of abuse of…
Telenor clarifies Rs33.037 million duty demand
KARACHI: M/s. Telenor has clarified news item posted on Customnews.pk dated August 31, 2014 headlined “Duty demand of Rs33.037 million created against M/s Telenor”. In a statement, Telenor Pakistan said…
Valuation fixed for contact lenses (without power)
KARACHI: Pakistan Customs has determined the customs values for contact lenses of without power up to $3 per pair for collection of duty and taxes. On Wednesday, Directorate General of…
FBR assigns additional charges to IRS officers
KARACHI: Federal Board of Revenue (FBR) on Tuesday assigned the additional charges to Inland Revenue Service (IRS) Officers of BS-20 with immediate effect till the posting of regular incumbents. The…
Senior Management Course (SMC) begins from September 06
KARACHI: The Senior Management Course (SMC) for the promotion of Grade-19 Customs Officers into Grade-20 is starting from September 06, 2014 simultaneously in Karachi and Lahore. The Course would last…
FBR asked to decide freight charges are payable on auction of goods or not
KARACHI: Federal Tax Ombudsman (FTO) has asked the Federal Board of Revenue (FBR) to examine and decided whether or not freight charges are involved in inter-port transport of goods, transshipped…
Appellate Tribunal imposes penalty on customs agent, importers over mis-declaration; smuggling of contraband goods reported
KARACHI: Customs Appellate Tribunal has imposed penalty on customs house agent and unscrupulous persons (importers) who involved in smuggling of high tariff contraband items, while filing GD it is mis-declared…
Auction for vehicles, goods to be held on September 1st
KARACHI: Directorate of Intelligence and Investigation- FBR has announced auction of confiscated vehicles and goods at CPF Bond Warehouse Rasheedabad, SWH on September 1, 2014. On Thursday, a notification said…
FBR extends date for filing income tax returns, statements by one month
ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for filing income tax return and statement for the tax year 2014 by one month considering ongoing political confrontation…