Pakistan Customs, Tax, Shipping & Business News Resource
Islamabad: The Pakistani government is expected to propose a reduction in the Super Tax in the upcoming federal budget for the fiscal year 2025-26, as part of broader tax reforms…
KARACHI: A five member larger bench of Supreme Court of Pakistan decided a host of Civil Appeals, Civil Review Petitions while re-affirming judgment by three member apex court bench in…
ISLAMABAD: The federal government is considering imposing a 5% sales tax on ride-hailing platforms such as InDrive, Careem, and Uber in Islamabad as part of the upcoming 2025-26 budget. This…
ISLAMABAD: The Supreme Court of Pakistan has reserved its judgment in a landmark case that could redefine the jurisdiction of customs authorities in recovering sales tax and income tax after…
KARACHI: A custom appellate bench of High Court of Sindh (SHC) allowed a Special Custom Reference Application (524 of 2022) filed by Gadoon Textile Mills Limited, Karachi challenging the powers…
KARACHI: Customs Directorate of Post Clearance Audit have filed a criminal case against a Karachi-based business, M/s Suleman Industries, for allegedly evading Rs. 218.4 million ($790,000) in taxes by falsely…
KARACHI: Customs authorities have filed charges against two companies and their proprietors for allegedly engaging in a multi-billion rupee money laundering scheme involving the over-invoicing of imported solar panels, officials…
KARACHI: The prima facie attempt to deceive the Appellate bench of High Court of Sindh headed by Acting Chief Justice Muhammad Junaid Ghaffar landed Mr. Zahid MAsood, Chief Commissioner IRS,…
KARACHI: Sheeraz Ahmed, an accused arrested in Rupees 290 Billion sales tax fraud case was admitted to bail by Justice Adnan Iqbal Choudhry of High Court of Sindh (SHC). Umer…
KARACHI: Notices were issued for a date in office by a custom appellate bench of High Court of Sindh in a Special Custom Reference Application (SCRA) filed by Directorate of…
KARACHI: A Special Custom Reference Application filed by Pakistan Customs against an order passed by Custom Appellate Tribunal pertaining to jurisdiction of Pakistan Custom for enforcing recovery of short levied…
Karachi: The Directorate of Internal Audit-Inland Revenue in Karachi has submitted an interim challan in a significant tax fraud case involving Al-Junaid Impex. The firm, operating as a domestic “shell”…
KARACHI: Annoyed by the issuance of Hearing Notices issued in a matter which stoods settled by the Supreme Court of Pakistan, an appellate bench of High Court of Sindh, ordered…
KARACHI: A Tax Appellate bench of High Court of Sindh dismissed a petition filed by Al-Ghazi Tractors Limited as being not maintainable. The petitioner company sought declaration regarding legality of…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf has advised the government to put the import of recycled plastic under any description in the negative list…
KARACHI: The Federal Board of Revenue (FBR), the revenue division of the government of Pakistan, has announced a one percent increase in the sales tax (further tax) on unregistered persons…
KARACHI: Sindh High Court has set aside the order of Customs Appellate Tribunal in the case of fraudulent import of electric buses, and advised Customs Collectorate to assess the imported…
FEDERAL BUDGET PROPOSALS 2023-24: KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions were needed to avoid further downslide of economy while the decision-makers…
KARACHI: After 17 long years, a Special Sales Tax Reference Application was decided in favor of Mehran Sugar Mills Limited by a Sindh High Court Tax Appellate bench headed by…
KARACHI: A custom appellate bench of High Court of Sindh dismissed two bail application filed by an accused Custom Consultant Asad Iqbal Shaikh. The accused was represented by Aslam Bhutta…