Monthly Archives: March 2018

FBR advised prior information to taxpayers in recovery through freezing bank accounts

KARACHI: Federal Board of Revenue (FBR) has been advised to inform taxpayers and banks prior to making recovery through freezing accounts.

ICAP suggests measure to resolve exemption certificate issue at import stage

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) has proposed solution to resolve problems in obtaining exemption certificates at import stage for raw material and capital goods.

FBR urged to provide relief in tax treatment of professionals

KARACHI: Federal Board of Revenue (FBR) has been urged to provide relief for taxing the income of professionals and bring at par with the tax treatment of business individuals or salary income.

FBR withdraws zero rate sales tax facility from 22 textile units

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn sales tax zero rated facility on supply of electricity allowed to 22 textile units with immediate effect.

FBR promotes nine officials to BS-16 Assistant Private Secretary

ISLAMABAD: Federal Board of Revenue (FBR) has promoted nine officials to the post of Assistant Private Secretary (BS-16) from the post of Steno typists (BS-14) on regular basis with immediate effect.

FBR promotes 17 officials to BS-16 Office Superintendent

ISLAMABAD: Federal Board of Revenue (FBR) on Friday promoted 17 officials as Office Superintendent Inland Revenue (BS-16) from the post of Supervisors/Head Clerks (BS-14) on regular basis with immediate effect.

SBP maintains key policy rate at 6pc on high prospects of achieving 11-year higher growth rate

KARACHI: State Bank of Pakistan (SBP) has maintained key policy rate unchanged at 6 percent on high prospects of achieving 11-year higher grate during the current fiscal year.

MCC Preventive to auction vehicles on April 03

KARACHI: Model Customs Collectorate (Preventive) Customs has announced public auction of vehicles to be held on April 03, 2018 at State Warehouse-III behind KPT Fire Brigade Station Karachi.

SRB restores sales tax registration of 13 taxpayers

KARACHI: Sindh Revenue Board (SRB) has restored sales tax registration of 13 taxpayers, who were suspended for non-compliance of payment and filing monthly returns.

Separate division for tax audit recommended

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) has recommended a separate division for tax audit in order to plan and execute the work of audit.