Monthly Archives: October 2017

SECP issues warning to securities brokers against operating with illegal agents, branch offices

secp

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has issued warning to securities brokers against operating with illegal or unregistered agents and branch offices.

FBR extends last date for filing annual income tax returns up to Nov 15

fbr

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing annual income tax returns up to November 15 from October 31, 2017 for salary persons and business individuals.

FBR releases Rs12.5bn sales tax refunds

fbr

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday released sales tax refunds worth Rs12.5 billion against Refund Payment Orders (RPOs) issued by August 31, 2017.

FBR directs to extend working hours for collection of return, duty & taxes till 12am today

fbr

KARACHI: Federal Board of Revenue’s (FBR’s) all authorized braches which are collecting returns and payments of duties and taxes will observe extending working hours till 12:00 midnight (today) to facilitate taxpayers, notification said.

FBR notifies transfer/postings of IRS officers BS-16-20

fbr

KARACHI: Federal Board of Revenue (FBR) has issued transfer/postings of Inland Revenue Service Officers of BS-16-17-18-19-20 with immediate effects till further orders, notification issued on Monday.

FBR restrains internal audit from sending notices directly to taxpayers

fbr

KARACHI: Federal Board of Revenue (FBR) has amended laws to restrain directorate general of internal audit from issuing notices to taxpayers for providing information including bank information, wealth statement and annual returns.

Tiles and sanitary ware industry threatens to shut down against imposition of regulatory duty

pak_customs1

KARACHI: Mohammad Amin Lasania, Chairman, All Pakistan Tiles and Sanitary Merchants Association has warned the authorities that if regulatory duty and anti-dumping duty are not withdrawn then the industry has no option but to shut down their businesses, which will not only decline the revenue but also cause unemployment of one million people attached to this industry.

FBR urged to extend last date for filing annual return, wealth statement

KTBA

KARACHI: Tax practitioners have urged Federal Board of Revenue (FBR) to extend the last date for filing income tax return that is expiring on October 31, 2017.

Central banks of Pakistan, Philippines sign MoU

State_Bank_of_Pakistan_logo.svg_

KARACHI: Tariq Bajwa, Governor, State Bank and Daniel R. Espiritu, Ambassador of Philippines in Pakistan on behalf of Bangko Sentral NG Pilipinas – the Central Bank of Philippines have signed a Memorandum of Understanding (MoU) on bilateral central banking cooperation in a ceremony held on Friday.

PTBA demands return filing date extension up to Nov 30

PTBA

KARACHI: Pakistan Tax Bar Association (PTBA) has demand the government of extending the last date for filing income tax return and wealth statement for a month i.e. November 30, 2017 in order to increase the number of return filers and facilitate existing taxpayers.