Daily Archives: January 3, 2018

WCO celebrates 30th anniversary of Harmonized System

KARACHI: World Customs Organization (WCO) has celebrated 30th anniversary of the Harmonized System (HS) – a multipurpose nomenclature for trade –which came into effect on January 01, 1988.

45pc taxpayers file returns for tax year 2016 after deadline expiry

KARACHI: The higher rate of withholding tax on non-filers has yielded results as around 45 percent income tax returns for tax year 2016 filed after expiry of deadline.

Sales tax on services exempted on marriage halls on plot size up to 800 square yards

KARACHI: The Marriage halls and laws are exempted from 13 percent sales tax that are located on plot measuring 800 square yards or less, according to tariff issued by Sindh Revenue Board (SRB).

NAB starts internal accountability

ISLAMABAD: The National Accountability Bureau (NAB) has started its own accountability through annual evaluation and performance review at the head office and regional office level.

SECP directs CFOs to authenticate company’s financial statements to avoid penalties

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has found many Chief Financial Officers (CFOs) in violation of mandatory requirement of authenticating financial statements of their corporate entities, which are listed on the stock exchange.