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 [...]
FBR issues draft amendments on Capital Gains Tax
LAHORE, The Federal Board of Revenue (FBR) has issued draft amendments in the Income Tax Rules pertaining to the treatment of Capital Gain Tax (CGT).
According to the draft rules, for the purpose of calculating CGT, the cost of acquisition of [...]
Sindh Revenue Board collect Sales Tax on taxable services from July 1, 2011
Karachi, Sindh Revenue Board (SRB) will now collect Sales Tax on taxable services from July 1, 2011 in respect of services provided, rendered, initiated and consumed in Sindh province as per law.
The taxable services groups as shown in the Second [...]
PLGMEA welcomes Sales Tax exemption
Karachi, Chairman of Pakistan Leather Garments Manufactures & Exporters Association (PLGMEA) Ijaz Khan has welcomed the continuation of Sales Tax exemption on raw material purchases of registered persons of five export Sectors.
According [...]
APTMA proposes energy tax
LAHORE, Chairman All Pakistan Textile Mills Association (APTMA) Gohar Ejaz has proposed a special energy tax by the textile industry to meet energy shortage in the country. He was addressing a press conference at the APTMA Punjab office here [...]
Highlights of tax
ISLAMABAD, Jun 3: Following are the highlights of tax measures announced by Finance Minister Dr. Hafeez Shaikh the government in the National Budget for the financial year 2011-12.
INCOME TAX
— The basic exemption limit on incomes is [...]
Salient features of sales tax and Federal Excise
ISLAMABAD, Jun 3: Following are the salient features of sales tax and Federal Excise Budgetary measures for fiscal year 2011-12 .
The budgetary measures pertaining to Sales Tax & Federal Excise Duty are primarily aimed at:
–Reduction [...]
