Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of 18 officers in the senior cadre i.e. Grade-19 & Grade-20 of Inland Revenue Service (IRS) and Pakistan…
KARACHI: Federal Board of Revenue (FBR) on Tuesday notified further posting and transfers of BS-20 and BS-21 officers of Inland Revenue Services (IRS) and assigned Khawaja Tanveer Ahmed the post…
KARACHI: The Ministry of Finance (Revenue Division) has rationalize the sales tax on import and supply of mobile phones or satellite phones and shifted part burden of collecting sales tax…
KARACHI: The Federal Board of Revenue (FBR) has warned several officers of Inland Revenue Service (IRS) and Pakistan Customs Services (PCS) who are not submitting the declaration of their income,…
KARACHI: Consequent upon the approval of the Prime Minister of Pakistan to the creation of additional posts in Inland Revenue Services (IRS) and Pakistan Customs Services (PCS), the administrative control…
KARACHI: The Federal Board of Revenue (FBR) has notified that in pursuance of Establishment Division notification No.31/02/2013-E-1, Ansar Javed, a BS-22 officer of Inland Revenue Services (IRS) has assumed the…
KARACHI: The Member (Admn) Federal Board of Revenue has imposed a major penalty of ‘Reduction to lower stage in his current time scale equal to three increments’ upon Walayat Khan…
KARACHI: The recovery of billions of rupees in cases of misusing exemption regime has been put at stake as top brass of Federal Board of Revenue (FBR) is sheltering the…
KARACHI: The Federal Board of Revenue (FBR) has accorded major penalty to an Inland Revenue Service (IRS) officer of Grade 16 for inefficiency, misconduct and corruption, the practice termed as…
KARACHI: The Model Customs Collectorate of Appraisement is auctioning polyester printed fabric worth Rs50 million owned by Azad Hafeez Limited to recover part of the duty/taxes to the tune of…
KARACHI: The law and order situation and security threats arising due to the long-march and sit-in episode of Dr. Tahir-ul-Qadri resulted in an approximately 50 percent decline in the revenue…
KARACHI: The Customs Appellate Tribunal has set aside the order in appeal of Collector (Appeals) that established the charge against Coca Cola Beverages Ltd for unlawfully obtaining benefit of SRO…
KARACHI: The Federal Board of Revenue (FBR) has notified that the income of Joint Ventures (JVs)/Association of Persons (AoP) in which one partner is a non-resident company, is neither exempt…
KARACHI: The disparity between the revenues of telecom companies particularly the cellular service providers and deposit of withholding tax has compelled the Federal Board of Revenue (FBR) to consider assessment…
KARACHI: The Supreme Court of Pakistan has admitted Additional Commissioner Inland Revenue (IRS) as the competent authority to issue notice a taxpayer under section 122(5A) of the Income Tax Ordinance…
The tax authorities have exerted further pressure on media to keep their voices shut against the proposed tax amnesty scheme, and threatened to make public portfolios of people who whitened…
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings in Inland Revenue Services (IRS) with immediate effect. According to details, Dr. Aftab Imam (IRS/BS-19) Additional Commissioner Regional…
KARACHI: The tax authorities have adopted a zero-tolerance policy for launching the proposed tax amnesty scheme that even the media has been shushed through, what one might say, unethical move.…
KARACHI: Chairman Federal Board of Revenue (FBR) has linked officials’ promotions and other fringe benefits with meeting the ambitious revenue target and asked them to go all out to increase…
KARACHI: The Federal Board of Revenue (FBR) has authorized Chief Controller, Computer Wing, Income Tax Department to allow genuine corrections on challans’ data as well as collection automation programme data…