FBR launches campaign to make tax amnesty scheme a success
KARACHI: The Voluntary Tax Compliance Scheme (VTCS) is applicable for both non-filers and filers and those who have already filed the tax returns can revise their filing on payment of…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Voluntary Tax Compliance Scheme (VTCS) is applicable for both non-filers and filers and those who have already filed the tax returns can revise their filing on payment of…
KARACHI: The Revenue Division has notified transfers and postings of BS-20 and BS-19 officers of Pakistan Customs Service (PCS). The BS-20 officers moved include Wasif Ali Memon moved to the…
KARACHI: The Federal Board of Revenue has (FBR) has notified draft procedures for selection of conduct of income tax audit. According to the proposed amendments in the Income Tax Rules,…
KARACHI: Model Collectorate of Customs (MCC) Quetta has seized smuggled goods worth over Rs20 million from a cargo train coming from Chaman. Pakistan Railways runs this cargo train once a…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Anwar Hussain on Wednesday ordered respondents including Pakistan Telecommunication Authority, Deputy Attorney…
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh (SHC) on Tuesday reserved order in a suit filed by Popular Spinning Mills against Director, Assistant Director of Directorate of…
KARACHI: Pakistan Customs celebrated the World Customs Day across the country under the umbrella of World Customs Organization (WCO) on January 26, 2016. A huge quantity of contrabands goods and…
KARACHI: The Customs House Appraisement Association has resorted to strike and all online clearance has stopped. Appraisement staff is protesting against the Chief Collector, Collector Appraisement West and the Federal…
KARACHI: The Federal Board of Revenue has restored the performance allowance of 20 Customs and 14 IRS officials of BS-16. FBR had discontinued performance allowance, which equals 100 percent of…
KARACHI: The Federal Board of Revenue (FBR) has updated the Active Taxpayers List for the tax-year 2014 and names appearing on the list will be entitled to all benefits available…
KARACHI: Revenue Division vide SRO 31(I)/2016 has amended Income Tax Rules, 2002 authorizing FBR to form Special Audit Panels. The panel will conduct an audit, including a forensic audit, of…
KARACHI: The authorities of Pakistan Customs (Adjudication) were restrained from taking coercive action against clearing agents who were show caused in Afghan Transit pilferage case of 2011. Faheem Shah Advocate…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Anwar Hussain on Thursday disposed of two identical petitions filed by Fayyaz…
KARACHI: Prime Minister Nawaz Sharif utilizing his discretionary powers has approved promotion of two BS-21 officers of Pakistan Customs Service (PCS) into BS-22. These officers include Chairman Federal Board of…
KARACHI: In case of dispute over valuation of imported consignment, “it is mandated upon the authority (Custom authorities) defined under section 81 are bound to allow the clearance of the…
KARACHI: The National Tariff Commission (NTC) has imposed a definitive anti-dumping duty at 16.97 percent on import of Sorbitol from India for a period of five years. Federal Board of…
KARACHI: Several irregularities in the allotment and occupation of Federal Board of Revenue (FBR) residential flats/bungalows have come to the surface, which warrant prompt action. The residential flats for Customs…
KARACHI: The Customs Appellate Tribunal, bench I comprising Muhammad Nadeem Qureshi, Member Judicial (I) and Muhammad Yahya, Member Technical (I) deciding an appeal filed by Asif Textile Trading held that…
KARACHI: Directorate General Custom Intelligence & Investigation-FBR Anti-Smuggling, Karachi during the first six months of financial year 2015-16, (July to December), has seized huge quantity of various smuggled items valuing…
KARACHI: Four accused in Afghan Reverse Cargo Pilferage were admitted to protective bail against a solvent surety of rupees 2 million each. The accused Bilal, Shahid, Ali Shah and Waseem…