Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Syed Saeed-uddin Nasir on Thursday adjourned hearing of a number of identical petitions filed…
KARACHI: The Appellate Tribunal Inland Revenue (ATIR) Karachi on Friday granted 30-day stay against the Federal Board of Revenue (FBR) who was struggling to recover an amount of Rs 8.3…
KARACHI: China State Construction Engineering Corporation has imported heavy machinery and equipment worth Rs3.019 billion in August so far after the government announced sales tax, income tax and customs duty…
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. two months (July-August 2016) stood at Rs159.17 billion as against Rs159.547 billion in the same…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Tuesday dismissed three identical Income Tax Reference Applications (ITRAs)…
KARACHI: The Collectorate of Post Clearance Audit (PCA) led by Director Guil Rehman, Deputy Director Rashid Munir filed two contravention reports against Ericsson Pakistan. The importer was accused of mis-declaration.…
KARACHI: The Directorate of Internal Audit – Customs has made an observation that MCC Gwadar short-realized an amount of Rs53.102 million from ship breakers during 2014-15. The Audit Team comprising…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muhammad Iqbal Kalhoro and Justice Khadim Hussain Shaikh on Thursday issued notice for August 02 in a petition…
KARACHI: Adviser to the Prime Minister, Haroon Akhtar has assured the Association of Builders and Developers of Pakistan (ABAD) for resolving the valuers of the State Bank of Pakistan in…
KARACHI: The Karachi Tax Bar Association (KTBA) has approached Federal Board of Revenue (FBR) requesting extension in the deadline for filing of monthly income tax withholding statements and sales tax…
KARACHI: The Finance Act 2016 bars a Commissioner Inland Revenue from serving recovery notice on taxpayer where an appeal has been filed before adjudication. However, this restriction is subject to…
KARACHI: MCC Port Qasim after hectic efforts has recovered Rs1.325 billion from M/s Engro Elengy Terminal (pvt) Ltd, which was outstanding against them as customs duty. According to the details,…
KARACHI: The federal finance ministry has again imposed 4 per cent super tax on banks tax income and rejected all proposals of the Pakistan Banks Association (PBA). In a letter…
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh (SHC) on Thursday dismissed a suit filed by Engro Elengy Terminal against demand of Pakistan Customs for payment of Customs…
KARACHI: Federal Board of Revenue (FBR) has issued Active Taxpayers List (ATL) for the Tax Year 2015. The ATL 2015 contains CNICs/names of individuals/NTNs of companies & Association of Persons…
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs455.37 million in the month of April 2016 by various companies and traders. The Directorate…
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. ten months (July-April 2016) has surged by 14.2 percent to Rs860 billion as against Rs753…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muneeb Akhtar and Justice Abdul Malik Gaddi on Monday allowed an application for restoration of an Income Tax…
KARACHI: Director Post Clearance Audit Karachi Gul Rehman has served Contravention on M/s Pakistan Mobile Communication Ltd to pay in the national exchequer an amount of Rs304.97 million, which was…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Jusitce Munib Akhtar and Justice Abdul malik Gaddi on Thursday issued notices to the Federal Secretary Revenue Division, Chairman…