Daily Archives: May 20, 2018

No recovery from taxpayers until ADRC decision

KARACHI: Finance Act 2018 has granted stay against recovery till decision in a dispute where Alternate Dispute Resolution Committee (ADRC) is formed.

10pc tax imposed on gain on disposal of assets outside Pakistan

KARACHI: A 10 percent rate of tax has been introduced on gain on disposal of assets outside Pakistan.
The finance bill had proposed 15 percent rate of tax but in the final the rate has been reduced to 10 percent.

MCC Preventive announces auction of vehicles on May 22

KARACHI: Model Customs Collectorate (MCC) Preventive has announced auction of confiscated vehicles on May 22, 2018 to be held at State Wareouse-III, Kemari, behind KPT Fire Brigade Stations/Masjid Rehmat Opposite PICT Gate, Kemari Karachi.