Category Archives: Exclusive
KARACHI: Federal Board of Revenue (FBR) is compiling data of commercial importers for conducting audit of their imports and sales into the local markets.
KARACHI: The implementation of export form – a joint initiative of Pakistan Customs and State Bank of Pakistan (SBP) – has curtailed exports of rice by 63 percent since November 2015 to August 2016.
ISLAMABAD: The Federal Board of Revenue (FBR) has filed 253 cases regarding prosecution for tax crimes during July 01, 2015 to June 30, 2016, according to official documents.
KARACHI: The Federal Board of Revenue (FBR) has collected 5.6 million financial transactions up to June 30, 2016 from various sources for detecting new taxpayers.
ISLAMABAD: Federal Board of Revenue (FBR) is examining the proposals of revising downward the valuation tables of immovable properties for industrial land, sources said on Saturday.
KARACHI: Federal Board of Revenue (FBR) is considering to withdraw the provisions of withholding sales tax for registered persons following the implementation of new sales tax and federal excise returns.
Agreement between federal, provincial revenue authorities on sales tax input adjustment comes to an end
KARACHI: An agreement between federal and provincial revenue authorities has comes to an end after the implementation of Finance Act, 2016 which disallows sales tax input adjustment, tax experts at Karachi Tax Bar Association said on Wednesday.
ISLAMABAD: A presidential order has amended income tax laws related to transaction of immovable properties with effect from July 31. While the amendment made through Finance Act, 2016 will not be applicable to Section 68 of Income Tax Ordinance, 2001.
ISLAMABAD: The business community after conclusion of talks on valuation of immovable properties have claimed the government agreed to provide amnesty from declaring source of investment in immovable property purchased before July 01, 2016.
FBR, business community close to end deadlock over immovable property valuation; meet again on July 28
ISLAMABAD: Federal Board of Revenue and representatives of business community will meet again on July 28 (Thursday) to end deadlock over issue of immovable property valuation as meeting held on Wednesday without reaching an agreement.