Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The revenues of Pakistan Customs shrank after the government linked import of used cars with payment of duty/tax with foreign exchange, which resulted in delayed issue of Customs rebate…
RAWALPINDI: Chief Commissioner Inland Revenue, RTO, Rawalpindi has assured a visiting delegation of Rawalpindi Islamabad Tax Bar Association (RITBA) that honest tax payers would not be harassed while tax evaders…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda has stressed that keeping in view the complications in the revised form this year, the previous form should…
ISLAMABAD: A full bench of Supreme Court of Pakistan dismissed appeals filed by Lahore based Husnain Cotex Limited, Ghulam Rasool and Co. Pvt Ltd and Sarwar & Company (Pvt) Ltd…
KARACHI: Federal Tax Ombudsman (FTO) Abdul Rauf Chaudhry has said that the number of FTO offices has successfully been raised to nine by setting up four more offices in numerous…
KARACHI: Taxpayers are facing severe in respect of the Tax Year 2017 i.e year ending June 30, 2017. Karachi Tax Bar Association in a letter to chief commissioners of Regional…
KARACHI: The Karachi Tax Bar Association (KTBA) has approached the Federal Board of Revenue (FBR) to extend the due date of filing monthly withholding tax statements for the months of…
KARACHI: A larger bench of Appellate Tribunal Inland Revenue Karachi has barred the tax officers from forwarding unlimited enquiries to the taxpayers under section 122(5A) of the Income Tax Ordinance,…
KARACHI: Haroon Akhtar Minister of State on Finance has said the Voluntary Tax Compliance Scheme (VTCS) addresses all the concerns of the traders adding this was the right opportunity for…
ISLAMABAD: Federal Board of Revenue (FBR) has realized Rs.1664 billion revenues upto February 15 against the collections of Rs.1404 billion taxes in the same period of last fiscal year, showing…
KARACHI: FBR’s IT wing, Pakistan Revenue Automation Limited (PRAL) has not been able to fix the bugs in the system due to which a large number of taxpayers are unable…
KARACHI:- Karachi Tax Bar Association (KTBA) has raised a number of issues relating to difficulties faced by tax payers in filing Monthly Statement with chairman FBR seeking resolution of the…
KARACHI: The Federal Board of Revenue (FBR) and business leaders have agreed on devising a simplified performa for the new taxpayers. Through the Finance Act 2015, a new section 236P…