Shops having area more than 1000 sqft declared Tier-1 retailer
KARACHI: A new condition has been added to the existing definition of ‘Tier-1 retailer’ under section 2(43A) ofthe Sales Tax Act, 1990. Now, a retail shop having area more than…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: A new condition has been added to the existing definition of ‘Tier-1 retailer’ under section 2(43A) ofthe Sales Tax Act, 1990. Now, a retail shop having area more than…
QUETTA: Deputy Collector MCC Preventive Quetta Abdul Qudoos Sheikh, who was critically injured by smugglers, has passed away. Police has arrested notorious smuggler Haji Abdul Sadiq Achakzai and his associates…
FAISALABAD: Chairman Federal Bureau of Revenue Shabbar Zaidi has said the reason behind inflation is dollar and middle man. Talking to the media at the FBR regional office on Monday,…
ISLAMABAD: Pakistan has agreed with the IMF to further hike the electricity tariff on quarterly adjustments basis by end of the next month. The IMF has also placed implementation on…
KARACHI: The Inland Revenue has clarified that the rate of sales tax on the supply of prepared food, foodstuff and sweetmeat supplied by restaurants, bakeries, caterers and sweetmeat shops is…
ISLAMABAD: Chairman FBR Syed Muhammad Shabbar Zaidi in his letter to Chairman SECP has requested to ensure correct and transparent submission of financial statements by the companies. In his letter…
QUETTA: Police has arrested notorious smuggler Haji Abdul Sadiq Achakzai and his associates Tofan Khan and Ahmad Shah in connection with murder attempt on Deputy Collector Preventive Abdul Qudoos Sheikh.…
PESHAWAR : MCC Peshawar is unmoved with the strike and protest of Customs clearing agents at Torkham, as the authorities are committed to eradicate smuggling and illicit trade. The trade…
KARACHI: The investigations into the murder attempt on Deputy Collector MCC Preventive Quetta Abdul Qudoos Sheikh are progressing and three notorious smugglers have been identified suspected to be involved in…
KARACHI: Directorate General of Transit Trade has seized 500 containers of sugar, which came from India for onward transit to Afghanistan, as it was found to be expired and unfit…
KARACHI: The government has advised Customs authorities to charge sales tax on imported consumer goods on the basis of retail price, while importers are advised that retail price should be…
KARACHI: Securities and Exchange Commission of Pakistan (SECP) has issued a notification wherein the investigating officers are given sweeping discretionary powers to raid and search any premise without any search…
KARACHI: The Federal Board of Revenue (FBR) has barred FBR officials from indulging in private consultancy and tax practices with immediate effect. FBR noted with concern that certain officials and…
KARACHI: As the last date to avail Amnesty Scheme is over, Federal Board of Revenue (FBR) has started nabbing tax evaders, and a campaign is planned against persons running multiple…
QUETTA: A comprehensive crackdown has been finalized against smugglers and criminals in Baluchistan after some smugglers attempted to kill an officer. Deputy Collector Abdul Qudoos is in critical condition. He…
KARACHI: Finance Act 2019-20 has clarified that maximum penalty on late filing of Goods Declaration (GD) will not exceed Rs100,000. Finance Bill 2019 proposed to reduce the time limit for…
KARACHI: Karachi Tax Bar Association (KTBA) organizes a seminar “Implication of Finance Act 2019”, Federal & Provincial Taxes at a local hotel here on Thursday, July 11 at 2:30 pm.…
KARACHI: The Federal Board of Revenue (FBR) has obtained data of consumers from the power utility companies, and based on this information electricity consumers are being sent notices urging them…
QUETTA: According to the news in the wee hours of Wednesday night the Deputy collector Preventive Quetta Customs Dr. Abdul Qudoos Sheikh along with Inspector Ghulam Hussain Khoso after carrying…
KARACHI: The government on Thursday increased profit margins on all national savings schemes (NSS) by up to 2.3 percent to bring the NSS rates in line with recent hike in…