Author Archives: Faisal

Limiting tax exemption proposed to check double benefit

ISLAMABAD: Federal Board of Revenue (FBR) has been recommended to limit exemption under income tax laws in order to put a check upon claim of double benefit.

FBR may introduce taxpayers’ card for reducing refunds

ISLAMABAD: Federal Board of Revenue (FBR) may introduce taxpayers’ smart card for broadening of tax base and reduction of refunds.

Inland Revenue offices to remain open on April 28

ISLAMABAD: The offices of Inland Revenue will remain open on Saturday April 28 for collecting duty and taxes, said a notification issued by the Federal Board of Revenue (FBR) on Wednesday.

Economic Survey 2017/2018 to be launched on April 26

ISLAMABAD: The economic survey for the fiscal year 2017/2018 is scheduled to be announced on Thursday April 26 to highlight the economic progress of the country during the outgoing fiscal year.

Rs80 billion tax relief for salaried persons in budget

ISLAMABAD: The government will announce a tax relief of Rs80 billion for salaried persons in budget 2018/2019.

MCC Gwadar announces auction of confiscated vehicle on April 25

KARACHI: Model Customs Collectorate (MCC) Gwadar has announced auction of confiscated vehicles to be held on April 25, 2018 at Custom House, Gwadar.

Lahore Customs Intelligence announces auction of confiscated vehicle on April 25

ISLAMABAD: Directorate of Customs Intelligence and Investigation, Lahore has announced auction of confiscated vehicles to be held on April 25, 2018 at State Warehouse.

Sindh implements law to tax renting immovable properties

KARACHI: Sindh government has implemented the changes to sales tax on renting of immovable property through amendment to Sindh Sales Tax on Services Act, 2011.

Traders allowed uploading documents during review proceedings

KARACHI: Traders have been allowed to upload supporting documents on online WeBOC customs clearance system during review proceedings.

Massive increase in FED on cigarettes on the cards

ISLAMABAD: Federal Board of Revenue (FBR) is considering a massive increase in federal excise duty on sales of cigarettes in the budget 2018/2019 as measures taken in the last budget were resulted in decline of FED during first nine months of current fiscal year.