Monthly Archives: September 2017

SECP approves US equity index futures contracts

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), having notified the ‘International Equity Index’ as a financial instrument for the purposes of Futures Market Act, 2016, has accorded approval for trading of US equity index futures contracts through the platform of PMEX.

FBR extends last date for filing annual return up to Oct 31

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns by salary persons and business individuals up to October 31, 2017.

FBR enlists taxpayers required to file return for tax year 2017

ISLAMABAD: Federal Board of Revenue (FBR) has issued list of persons/companies required to file their annul tax returns.

FBR steps up outreach in KPK for enhancing return filing

ISLAMABAD: The officials of Federal Board of Revenue (FBR) have met trade, industry and business organizations of Khyber Pakhtunkhwa seeking their help to increase income tax return filing.

Reduced withholding tax rate on non-filers to be extended till Dec 31

ISLAMABAD: The government has decided to continue the imposition of reduced rate of withholding tax on non-cash banking transactions made by non-filers till December 31, 2017.

Tax year 2017 income return filing increases by 230pc

ISLAMABAD: The income tax return filing for tax year 2017 has increased by 230 percent due to awareness campaign launched by Federal Board of Revenue (FBR).

FBR notifies transfers, postings of BS-17-18 Customs officers

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified transfers and posting of BS-17 18 officers of Pakistan Customs Service (PCS) with immediate effect and until further orders.

Tax credit allowed for investment in Sukuk, premium to life insurance

ISLAMABAD: Federal Board of Revenue (FBR) has said that tax credit has been granted on investment made in Sukuks and on payment of premium to a life insurance company.

KTBA asks FBR to announce last date after finalization of return forms

KARACHI: Karachi Tax Bar Association (KTBA) has asked the chairman of Federal Board of Revenue (FBR) to announce the last date for filing income returns tax year 2017 after finalization of return forms.

APTMA rejects proposal of rebate withdrawal on yarn export

KARACHI: All Pakistan Textile Mills Association (APTMA) has strongly opposed the suggestion of Zubair Motiwala, Chairman CAPTA to stop the four-percent rebate on the export of yarn, which is to be provided by the government on the basis of Drawback of Duties, Local Taxes & Levies on Exports.