Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: An industrial undertaking will not be allowed to claim any expenditure attributable to sales made to such persons who are required to be registered but not registered under the…
KARACHI: A specific process has been laid down for the deemed assessment under section 120 of the Income Tax Ordinance, 2001. The Income Tax Ordinance, 2001 by way of section…
KARACHI: It is expected that the consequences and effect of the pandemic will subside in the following months and Pakistan will be again on the trajectory of growth of 3%…
ISLAMABAD: Adviser to the Prime Minister on Finance Dr Hafeez Shaikh has advised the provinces not to make their budgets on the basis of proposed Rs4.963 trillion tax collection target,…
KARACHI: The establishment division on Friday notified promotion of three senior officials of Federal Board of Revenue (FBR) to BS-22 with immediate effect. According to notification issued by the FBR,…
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to make it mandatory for individuals to file a tax profile for earning taxable income in the next fiscal. The FBR…
KARACHI: There prevails serious mismanagement at Federal Board of Revenue (FBR), as officers are being transferred on weekly basis and without the consultation of senior officers of Customs and Inland…