May 19

Pakistan Customs announces auction of fresh lot vehicles on May 22 at West Wharf Karachi

KARACHI: Model Customs Collectorate (MCC) Appraisement (West) has announced auction of fresh lot of vehicles to be held on May 22, 2019 at West Wharf Karachi. Following vehicles will be presented for auction: 01. Suzuki Spacia Car, Chassis No. MK42S-147136, Model 2016 02. Nissan Safari Van, Chassis No. DR64V-801926, Model 2014 03. Honda Vezel Hybrid, […]

by Faisal Shahnawaz

PTBA recommends retaining alternative corporate tax or minimum tax

May 19

2019-2020, Budget, Taxation

PTBA recommends retaining alternative corporate tax or minimum tax

KARACHI: Pakistan Tax Bar Association (PTBA) has recommended the tax authorities to retain either Alternative Corporate Tax (ACT) or minimum tax, as existence of both regimes is inappropriate. In its tax proposals for budget 201.9/2020, the PTBA said that the introduction of ACT, via the Finance Act, 2014, placed an additional burden on the corporate […]

by Faisal Shahnawaz

FBR advised to stop treating taxpayers unfairly

May 19

2019-2020, Budget, Taxation

FBR advised to stop treating taxpayers unfairly

KARACHI: Federal Board of Revenue (FBR) has been urged to stop unfair treatment of compliant taxpayers. The taxpayers should be rewarded instead of harassing them for being compliant. Institute of Chartered Accountants of Pakistan (ICAP) in its tax proposals for budget 2019/2020, said that at present, existing tax payers are confronted with complex laws and […]

by Faisal Shahnawaz

Customs announces auction of luxury vehicles on May 21

May 19

Pakistan Customs, Taxation

Customs announces auction of luxury vehicles on May 21

ISLAMABAD: Pakistan Customs announced public auction of luxury vehicles lying at Prime Minister House to be held on May 21, 2019 at State Warehouse, Islamabad Dry Port. Following vehicles will be presented for auction: 01. BMWX5 Jeep, Model 2016 (armored), Chassis No. WBAKR6209G0M99712 02. BMWX5 Jeep, Model 2016 (armored), Chassis No. WBAKR620200M9904 03. BMWX5 Jeep, […]

by Faisal Shahnawaz