Pakistan Customs, Tax, Shipping & Business News Resource
In a move aimed at promoting the growth of the Information Technology (IT) and IT-enabled Services (ITeS) sectors, the government has announced a significant measure to support exporters. The government…
KARACHI: The government has withdrawn duty and tax exemption available on machinery and equipment if imported by textile industrial units. Vide SRO 478(I)/2016, government has rescinded SRO 809(I)/2009. SRO 809(I)/2009…
KARACHI: The Federal Board of Revenue (FBR) has notified special exemption allowed to growers of agricultural produce. Representatives of flour mills and trade bodies have raised the issue of income…
KARACHI: The Federal Board of Revenue (FBR) has limited Customs duty exemption to such LED/SMD lights only where the operable voltage does not exceed 60 volts. MCC Islamabad had sought…
ISLAMABAD: The Federal Board of Revenue (FBR) has defended the issuance of Statutory Regulatory Orders (SROs) stating that there is no irregularity or transgression of powers by the board in…
KARACHI: The Collectorate of Customs Adjudication-I has penalized M/s Green Star Social Marketing Pakistan for availing undue benefit of exemption from whole of the sales tax and income tax under…
KARACHI: Directorate General of Intelligence & Investigation of Federal Board of Revenue (I&I FBR) has issued intelligence alerts for tackling tax/duty evasions, misusing of exemptions and safeguarding the government revenue,…
KARACHI: The Federal Board of Revenue (FBR) has decided to recover Rs807 million as concealed amount of duty and taxes including additional surcharge on import of three tugs acquired by…
KARACHI: The Federal Government has increased the limit of deduction allowed in the value of vehicles to arrive at the taxable amount in case of vehicles imported duty-free by a…
KARACHI: The Ministry of Finance, Revenue and Economic Affairs has exempted coal mining machinery, equipment, spares including vehicles for site imported for Thar coal field from customs duty and sales…
KARACHI: Pakistan Customs has registered a First Information Report (FIR) against an importer of prime quality of hot rolled steel plates for defrauding the national exchequer to the tune of…
KARACHI: Customs authorities have advised the ministry of commerce to impose age restriction on import of specialized vehicles after gross misuse has been witnessed in import of sprinkler lorries and…