Pakistan Customs, Tax, Shipping & Business News Resource
The Sindh High Court (SHC) has set aside the adverse findings and recommendations of the Federal Tax Ombudsman (FTO) against an Additional Commissioner (Audit) of the Federal Board of Revenue…
KARACHI: An old lady and a compliant taxpayer before Tax Ombudsman was burdened with multiple notices for audit for the tax year 2016. She was engaged in textile manufacturing business,…
HUB: An appellate bench of High Court of Balochistan (BHC) allowed a Special Tax Reference Application (STRA) filed by M/s Usman Ltd, Hub, Balochistan impunging and order passed by Appellate…
KARACHI: The Federal Tax Ombudsman has been actively acting upon his words, “I’m not interested in number of complaints, and I’m more interested in the impact of complaints by addressing…
KARACHI: President office upheld the decision of FTO in case of a senior citizen who was being dragged in litiagation and unending tale of misery of FB.Abdul Hamid Khan, an…
Karachi (PR) Mr. Nasir Khan Acting-President of the Federation of Pakistan Chambers of Commerce and Industry has shown his serious concern over the no response and low priority to Business…
KARACHI: The Finance Bill 2019 has proposed enhanced powers for Income Tax Commissioner enabling them to enter and search the premises and confiscate undeclared assets. Section 175 of the Income…
KARACHI: Finance Bill 2018 seeks to impose a restriction that sales tax and federal excise audit of a registered person can be conducted only once in three years. The Bill…
KARACHI: Judical Member Inland Revenue Appellate Tribunal Muhammad Javed Zakaria has stayed the recovery of tax demand against M/s PAIR Investment Company Limited. The company’s representative stated that income tax…
KARACHI: Member Judicial Appellate Tribunal Inland Revenue Muhammad Jawaid Zakarya has stayed the recovery of tax amount and granted a 30-day relief to M/s Awan Trading Co. Pvt Ltd, a…
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: The government has proposed to cap the tax exempted import of raw materials to 110 percent of the quantity imported and consumed in the last tax year. Presently, taxpayers…
KARACHI: Through better and more extensive use of information technology, the Federal Board of Revenue (FBR) has introduced several measures to simplify procedures for paying taxes and to minimize contact…