Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Customs Classification Centre has determined the tariff classification of PV/PU materials (artificial leather) manufactured by M/s ATS Synthetics and M/s AHN Synthetics under PCT Code 39.21. The tariff…
ISLAMABAD: Shahid Hussain Asad has been assigned look-after charge of chairman of Federal Board of Revenue as Tariq Bajwa is on leave till August 14, 2014. In a notification issued…
KARACHI: The State Bank of Pakistan (SBP) on Saturday identified major risk to fiscal deficit target of 4.9 percent in the current fiscal year is from the revenue side as…
KARACHI: The Federal Board of Revenue (FBR) has said that all the resident persons belonging to any association or trade body are required to file income tax returns. Through the…
KARACHI: The Federal Board of Revenue (FBR) on Friday notified large-scale reshuffling of officers of Grade-20 in Inland Revenue Service (IRS). According to details, Jehanzeb Mahmood has been posted as…
KARACHI: The Federal Board of Revenue (FBR) has notified large scale transfers and postings of Grade-20 officers in Pakistan Customs Service. According to details, Junaid Akram has been posted as…
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued explanation to Finance Act 2014 regarding amendments to newly introduced alternative corporate tax under Section 113C to Income Tax Ordinance.…
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued explanation to Finance Act 2014 regarding amendments to taxation of bonus shares. Relevant sections: clause (29) of Section 2, Section…
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued explanation to Finance Act 2014 regarding amendments to taxation on capital gains on disposal of securities. Relevant sections: Section 37A,…
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued explanation to Finance Act 2014 regarding amendments in mutual funds taxation regime. Relevant sections: clause (6lA) of Section 2, clause…
KARACHI: Pakistan Customs Drug Enforcement Cell (DEC), Jinnah International Airport Unit, Karachi has recovered and seized about one-kilogram light brown heroin powder concealed inside of two velvet car seat covers.…
KARACHI: Pakistan Customs has announced auction of leftover lots of cargo, vehicles and precious stones at SWH, Custom House, Karachi on July 21 at 10:00 AM. Under provisional schedule, leftover…
KARACHI: Karachi Tax Bar Association (KTBA) has praised the Federal Board of Revenue (FBR) for achieving unrealistic target for the fiscal year 2013/2014 and for issuing early the draft income…
KARACHI: The MCC Appraisement West has started clearing the fabric consignments as the Customs could not develop a consensus to challenge the Sindh High Court decision in the Supreme Court.…
KARACHI: The Federal Tax Ombudsman (FTO) has rejected a review petition filed by a taxpayer seeking relief in the case of differential amount deducted by customs authorities from post dated…
KARACHI: The Federal Tax Ombudsman (FTO) has rejected a review petition filed by Federal Board of Revenue (FBR) in a case of delayed refunds on which the tax department objected…
KARACHI: The government has decided to present amendment to anti-money laundering act in the parliament by September 2014 to prevent tax evasion in the country. In this regard, to ensure…
KARACHI: The Federal Board of Revenue (FBR) is bound to provide revenue data collected by customs and Inland Revenue separately to International Monetary Fund (IMF) within seven days of each…
KARACHI: Clearing agents have urged the governor of State Bank of Pakistan (SBP) and the president of National Bank of Pakistan (NBP) to make operational five branches as announced recently…
KARACHI: The State Bank of Pakistan (SBP) has said that there is urgent need to clampdown on corruption and leakages in the tax collection machinery for increasing the tax to…