Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The business industry has demanded that import duty and sales tax for LED based products (irrespective of applications) should be charged at zero percent and LED is considered much…
KARACHI: The business community has recommended the tax machinery that SRO 670(I)/2013 on sales tax on milk and milk based products which are subjected to zero rating should be retained…
KARACHI: The private sector has urged the government to speed up the process of outstanding refunds within timeframe of 30 days as to ease the condition of doing business and…
KARACHI: The business community has demanded the tax machinery to reduce the sales tax rate to 12.5 percent from current rate of 17 percent and further reduce it to 10…
KARACHI: The business industry has suggested the tax officials to enhance maximum tax rebate on interest paid on housing financing to 1.5 million from RS 750, 000 for the taxpayers.…
KARACHI: The business community has advocated the government to revamp withholding tax rates on import of raw material and capital goods, which should be reduced to one percent from five…
KARACHI: The business industry has demanded the government to reduce minimum tax on turnover to 0.2 percent and exclusion of petroleum levy, till minimum tax not completely eliminated for companies…
KARACHI: The private sector has urged the tax machinery to reduce corporate tax rate to 30 percent in budget 2014-2015 for attracting investments in the sector and to enable country…
KARACHI: The Overseas Investors Chambers of Commerce and industry (OICCI) has advocated that income tax exemption to agricultural sector should be withdrawn as income earners of other sectors are parking…
KARACHI: The business community has proposed an idea that Federal Board of Revenue (FBR) should impose carbon tax on industry for the consumption of fossil fuel (over and above the…
KARACHI: Federal Board of Revenue (FBR) on Monday notified transfers and postings of Inland Revenue Service (IRS) Officers of BS-21 with immediate effect. According to the notification the following officers…
KARACHI: The Federal Board of Revenue (FBR) on Monday issued a promotion list of Inland Revenue Service Officers; who are promoted to BS-21 from BS-20. The following IRS officers are…
KARACHI: The business community has recommended that either Sales Tax Withholding (STWH) rules should be withdrawn for all the taxpayers or to reduce the tax rate to one percent from…
KARACHI: The Pakistan Business Council (PBC) has advocated the government that law of certificate of tax deduction or collection should be restored as it is sufficient evidence to obtain the…
KARACHI: The business industry has recommended the tax machinery to repeal the law of collection of advance tax under section 236G by which manufacturers and commercial importers are collecting 0.1…
KARACHI: The private sector has suggested the government to amend the law of ‘unexplained income and assets’ just to restrict amount of remittances to $25,000 even for investment in industrial…
KARACHI: The business community has proposed an amendment in the law of ‘advance tax paid by the taxpayer’ to slash the advance tax rate to 80 percent from the current…
KARACHI: The industry experts have urged the government to cut the advance tax on imports to one percent from the existing rate of five percent because manufacturers are facing hardships…
KARACHI: The Directorate General of Intelligence and Investigation, Karachi has arrested an official of leading mobile phone company – Q-Mobile – on Wednesday and raids were carried for arrest of…
KARACHI: The private sector has demanded the government to reduce the corporate tax rate to 30 percent from existing 35 percent and further reduce it to 25 percent in next…