FBR notifies transfers, postings of 64 BS-18-19 customs officers


ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfers and postings of 64 officers BS-18-19 in Pakistan Customs Service (PCS) with immediate effect and further orders.

Internal Audit cannot issues notices directly to taxpayers: KTBA


KARACHI: Karachi Tax Bar Association (KTBA) has said that Directorate General of Internal Audit cannot directly ask taxpayers to provide information and the same can only be asked from the concerned officers holding jurisdiction.

KCAA to elect office bearers on September 16


KARACHI: The Karachi Customs Agents Association (KCAA) will elect office bearers for the term 2017/2018 in its annual general election to be held on Saturday, September 16, 2017 at KCAA’s Auditorium (Head Office), Karachi.

FBR issues return forms tax year 2017 for individuals, AOPs


ISLAMABAD: Federal Board of Revenue (FBR) has issued return forms tax year 2017 for individuals and Association of Persons (AOPs). The FBR in this regard issued SRO 819(I)/2017 on Thursday making it mandatory for salaried class and other taxpayers to make compliance on the due date.

Almost all refunds transferred to taxpayers’ bank account: FBR


ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said that almost all the refund amount recently announced by the finance minister has been credited to taxpayers’ bank account.

FBR promotes 57 IRS officers to BS-19


ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified promotions of 57 officers of Inland Revenue Service (IRS) from BS-18 to BS-19 on regular basis in their group with immediate effect.

FBR notifies withholding tax rates for goods transports vehicles


KARACHI: Federal Board of Revenue (FBR) has notified different withholding tax rates for goods transport vehicles to be paid by filers and non-filers of income tax return.

IR senior officer awarded ‘removal from service’ for corruption


ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday imposed major penalty upon Muhammad Mustafa Kamal, BS-19 officer of Inland Revenue Service, presently posted as Additional Commissioner-IR, Regional Tax Office III, Karachi on the charges of inefficiency, misconduct and corruption.

Customs intelligence recovers Rs166.16 million worth smuggled goods, three vehicles


KARACHI: Directorate General of Intelligence and Investigation, Customs, Karachi has recovered smuggled goods worth Rs166.16 million and seized three vehicles in an action against a bonded carrier.

FDI sharply increases by 162.8pc in July 2017


KARACHI: Foreign Direct Investment (FDI) has registered massive growth of 162.8 percent in July 2017 to $222.6 million as compared with $84.7 million in the same month of last year, according to foreign investment data released by State Bank of Pakistan (SBP) on Wednesday.