Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Directorate of Intelligence and Investigation (Inland Revenue) Karachi has lodged an FIR against a fake unit named Z.A Impex for issuing fake and flying invoices and causing a…
KARACHI: Taxpayers in Pakistan are facing a series of problems due to the non-functioning of the e-portal of the Sindh Revenue Board (SRB), which has been dysfunctional for the last…
KARCHI: The Directorate of Internal Audit-Inland Revenue-FBR Karachi has nominated eight directors of various companies on charges of tax fraud with the Government of Pakistan in the Tamna case. The…
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KARACHI: Federal Board of Revenue (FBR) has revoked the valuation rates of properties for 40 cities and recommended fixing the valuation rates of immovable property in consultation with concerned stakeholders…
KARACHI: The Inland Revenue (IRS) staff have been authorized to attach bank accounts of taxpayers for recovery of outstanding duty and taxes, a notification said. Federal Board of Revenue (FBR)…
KARACHI: Federal Board of Revenue (FBR) has advised that all tax offices will remain open and observe extended working hours till 12:00 midnight on June 30, 2021 to facilitate the…
KARACHI: Federal budget FY22 has proposed to abolish withholding tax (WHT) on cash withdrawal from the banking system and non-cash banking transfers. The federal government in its Federal Budget 2021/22…
KARACHI: The sale of goods through online market place is proposed to be brought into the sales tax net by deeming the online market place as supplier in respect of…
KARACHI: The Federal Board of Revenue (FBR) has notified promotion of 43 Inland Revenue Service (IRS) officers into BS-18 with immediate effect. The promoted IRS officers include: Mr. Azzam-ul-Asad Mazhar…
KARACHI: Chairman Federal Board of Revenue (FBR) has invited proposals and recommendations to achieve tax target for current fiscal year. In a letter to all Chief Commissioners and Commissioners of…
KARACHI: A division bench of High Court of Sindh stayed suspension of exemption certificate issued in favor of Sahara Welfare Trust. The impugned order was passed by Commissioner Inland Revenue…
ISLAMABAD: Federal Board of Revenue (FBR) has announced sales tax exemption on import of 61 medical equipments. Following goods are exempted from whole of sales tax at import stage: Real-time…
KARACHI: A major incentive has been provided in the Federal Budget 2020-21 by prescribing reduced rates for certain imports. A major change has been introduced with respect to rate of…
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…
MianAnjumNisar, President and Zakaria Usman, Convener,Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) urged the FBR to withdraw the discretionary powers vested with the…
KARACHI: The value added textile export sector has reached to the verge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition of…
ISLAMABAD: The Federal Board of Revenue FBR has notified transfers and postings of BS-21 and BS-20 officers of Inland Revenue Service Service (IRS).
ISLAMABAD: Estimating a shortfall of about 16 per cent against the target for the current financial year, the government has decided to facilitate remittances from overseas Pakistanis through tax exemptions…
KARACHI: Federal Board of Revenue has requested taxpayers to provide IBAN for electronic transfer of refunds. According to FBR, it has devised a centralized system of online payment of Sales…