Tax on mobile phone services reduced
KARACHI: Government of Pakistan has decided to reduce taxe on mobile phone service usage as a reduction of withholding tax and Federal Excise Duty on telecom services is proposed through…
FBR empowered to sign agreements with foreign, international organizations
KARACHI: The Finance Bill 2017 has empowered Federal Board of Revenue (FBR) to enter into mutual legal assistance agreements on customs matters with other foreign and international organizations. The Bill…
Suspension of WeBOC user ID is appeal-able before Chief Collector
KARACHI: The Finance Bill 2017 has given unlimited power to the chief collector of annulling, modifying or confirming the order passed by the collector suspending user ID of an importer…
Declared value to be assess-able value
KARACHI: The value of an imported consignment declared in the goods declaration (GD) or the value mentioned on the invoice retrieved from the consignment will be assess able value if…