Author Archives: Ali

MCC Islamabad auctions confiscated vehicles on June 23

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KARACHI: Model Customs Collectorate (MCC) Islamabad has announced public auction of confiscated/surrendered vehicles scheduled for June 23, 2016 at State Warehouse of the Collectorate.

SRB expands sales tax exemption for K-IV water project

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KARACHI: Sindh Revenue Board (SRB) has expanded the scope of exemption from sales tax and allowed contractors tax free services to Karachi Water and Sewerage Board (KW&SB) for the construction of mega water project i.e. K-IV.

FBR nominates 22 BS-19 customs officers for mandatory course

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KARACHI: The Federal Board of Revenue (FBR) has nominated 22 BS-19 officers of Pakistan Customs Service (PCS) for 20th Senior Management Course, which is mandatory training for promotion.

FBR directs BS-20 & 21 officers to nominate for lookafter charge during leave

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KARACHI: Federal Board of Revenue (FBR) has directed BS-20 and BS-21 officers of Pakistan Customs Service (PCS) and Inland Revenue Service (IRS) to nominate officials for lookafter charge while submitting leave application.

FBR asked to display monthly pending refunds position on website

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KARACHI: The Federal Board of Revenue (FBR) has been advised to display data of unpaid refunds on its official website to show the clear picture on outstanding liabilities.

Idea of paying refunds through bonds dropped: Dr. Irshad

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KARACHI: The Federal Board of Revenue (FBR) will release all refund claims by July 2016 through cheques as plan of bonds has been dropped, a top official of FBR said.

May CPI down on 7-month low food inflation

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KARACHI: The headline inflation i.e. Consumer Price Index (CPI) inflation for the month of May 2016 stood at 3.2 percent Year on Year (YoY) as against 4.2 percent in the previous month and May 2016 inflation of 3.2 percent, Pakistan Bureau of Statistics (PBS) said on Wednesday.

FBR plans self processing sales tax, federal excise returns to eliminate input mismatch

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KARACHI: The Federal Board of Revenue (FBR) has planned to launch a new automated system for self processing of sales tax and federal excise returns, which will enable the taxpayers to remove mismatch in their inputs before filing returns.

Customs preventive inspectors promoted to superintendent post

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KARACHI: The Federal Board of Revenue (FBR) on Thursday promoted nine inspectors of preventive service of Model Customs Collectorate (Preventive), Karachi to the post of Superintendent Preventive Service (BS-16) with immediate effect and until further orders.

Tax Proposals 2016/2017: Two percent tax on registration of property by non-filers recommended

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended two percent withholding tax on non-filers at the time of registration of property.