1% Withholding Tax on goods imported for zero rated regime: FPCCI
Karachi : Vice President (Elect) & Chairman FPCCI Standing Committee on Liaison with FBR Shakeel Ahmed Dhingra appreciated Shahid Asad Member Inland Revenue, FBR for taking immediate action and issuing clarification to charge withholding [...]
FPCCI says CNIC/NTN Condition under SRO 821(I)/2011 relaxed
Karachi, Shaikh Shakeel Ahmed Dhingra Vice President FPCCI (Elect) & Chairman FPCCI Standing Committee on Liaison with Federal Board of Revenue FBR Thursday said FBR accepting long outstanding demand of FPCCI, has relaxed condition of [...]
Government determined to bring 700,000 evaders into tax net
Islamabad, The government is determined to bring 700,000 evaders into tax net, Finance Minister Dr Abdul Hafeez Shaikh said on Tuesday.
We will go after 700,000 evaders and collect taxes from them as nation cannot progress without tax collection [...]
FBR issues notices to a Tobacco company for tax evasion
ISLAMABAD,The FBR authorities have caught Philip Morris Pakistan Ltd. (formerly Lackson Tobacco Company) for massive tax evasion during the import of one of their imported brands Marlboro by under-invoicing.
According to officials, FBR has levied [...]
FBR extends date for filing of IT Returns / Statements of final taxation
ISLAMABAD, Federal Board of Revenue (FBR) has extended the date of filing of income tax returns along with payment of tax for the Tax Year 2011, says a statement issued here on Tuesday.
The Returns of Total Income/Statements of final taxation [...]
FBR image main hurdle in tax collection, development
ISLAMABAD, The Pakistan Economy Watch (PEW) on Friday said FBR need to win confidence of taxpayers to overcome image problem and tackle menace of low revenue collection.
Taxpayers see FBR with suspicion which is an obstacle in national development; [...]
Karachi Chamber of Commerce demands withdraw unnecessary amendments in Sales Tax, Federal Excise & Income Tax Return Filing
Karachi, Karachi Chamber of Commerce & Industry KCCI President, Mian Abrar Ahmad on visit of Chairman Federal Board of Revenue Salman Siddique at KCCI, demanded to withdraw unnecessary amendments made in Sales Tax, Federal Excise & Income [...]
Seven cities, towns of Gujranwala Division be brought under tax net
SIALKOT, Excise & Taxation Department has announced to bring as many as seven cities and towns of Gujranwala Division including Baddo Malhi, Zafarwal, Alipur Chatta and Qila Ahmadabad under the property tax collection net.
Director E & [...]
Existing income tax laws fails to deliver: PEW
ISLAMABAD, The Pakistan Economy Watch (PEW) on Sunday said that existing income tax laws have failed to deliver therefore country needs new and simple income tax law that is easily comprehensible, business friendly, fair and acceptable to all [...]
Karachi Chamber of Commerce says new Sales Tax, Federal Excise return applicability be deferred
Karachi, Karachi Chamber of Commerce & Industry KCCI Vice President Junaid Esmail Makda in letter to Federal Board of Revenue FBR said applicability of new Sales Tax and Federal Excise return should be deferred.
Notification envisages application [...]
