ECC allows withholding tax exemption on dividends to transmission line projects

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ISLAMABAD: The government has allowed exemption from withholding tax on dividends to electricity transmission line projects.

FBR notifies transfer, postings of BS-19-20 IRS officers

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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified transfers and postings of Inland Revenue Service (IRS) officers of BS-19-20 with immediate effect and until further orders.

Pakistan, Netherlands renegotiate avoidance of double taxation treaty

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ISLAMABAD: Pakistan and Netherlands have commenced negotiations on a new avoidance of double taxation agreement between the two countries.

FBR to reward whistleblowers under benami law

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KARACHI: The Federal Board of Revenue (FBR) will give reward to a person, who provides credible information and that is helpful in identification of a benami property or benami transaction.

Sindh governor assures resolving issues between industry, FBR

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KARACHI: Governor Sindh Muhammad Zubair has assured that a meeting between Karachi Chamber of Commerce and Industry (KCCI) and Chairman Federal Board of Revenue (FBR) along with other relevant officials will be called soon at Governor House in order to discuss and resolve the issues being faced by the business and industrial community of Karachi due to massive discretionary powers and constant harassment by FBR officers.

Focus on further improving tax-to-GDP ratio: Dar

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ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Tuesday said that the government was focused on further improving tax-to-GDP ratio and other key macroeconomic indicators.

SBP issues mechanism for 0.3 million tons urea export quota

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KARACHI: State Bank of Pakistan (SBP) on Tuesday issued instructions to banks for processing of allocated export quota of 0.3 million tons of urea.

SBP issues fake email alert

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KARACHI: State Bank of Pakistan (SBP) on Tuesday issued alert against scam email suggesting recipients has received huge sum of foreign currency in their accounts.

SBP directs exchange companies to accept small denomination, soiled dollars

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KARACHI: State Bank of Pakistan (SBP) has directed banks and foreign exchange companies to accept soiled and old currency notes of dollar from their clients.

KCCI demands timely settlement of pending sales tax refunds

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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has demanded the government of timely settle the pending sales tax refund claims in order to save manufacturers-cum-exporters, particularly small exporters from suffering severe liquidity crunch.