KARACHI: The finance supplementary budget has very nominal impact on revenue collection and it mainly focuses on industrial growth, said a former Member of Federal Board of Revenue (FBR).Read More
ISLAMABAD: Federal Board of Revenue (FBR) on Monday said that the proposals in the Finance Supplementary (Second Amendment) Bill, 2019 to further empower the revenue authority for tightening noose around undisclosed offshore assets.
ISLAMABAD: Federal Board of Revenue (FBR) has asked business community to suggest measures for eliminating tax fraud, fake and flying invoices, plugging loopholes in the tax system.
KARACHI: The new reform package has allowed exemption from collection of withholding tax on cash withdrawals from a bank account maintained in local currency where deposits are made through foreign remittances.
KARACHI: The Finance Supplementary (Second Amendment), 2019 has proposed to determine the valuation of imported mobile phones in US Dollar for collection of levy on smart phones.
ISLAMABAD: The government has identified 135 customs tariff lines for eliminating or reducing customs duty, additional customs duty and regulatory duty for enhancing export and industrial output. In his speech at the national…
KARACHI: The government has proposed changes through Finance Supplementary (Second Amendment) Bill, 2019 to exemptions allowed under sales tax laws to various sectors.
ISLAMABAD: Federal Board of Revenue (FBR) on Friday invited customs related proposals for federal budget 2019/2020.
ISLAMABAD: The proposed Finance Supplementary (Second Amendment) Bill, 2019 or reform package will negatively impact the revenue collection to the tune of Rs6.8 billion, Federal Board of Revenue (FBR) said in a statement.
KARACHI: The government has enhanced Federal Excise Duty (FED) rates up to 30 percent on imported vehicles through Finance Supplementary (Second Amendment) Bill, 2019.
KARACHI: The government has revised the sales tax on mobile phones at the time of import or local supply and sales tax chargeable at the time of registration of IMEI number by Cellular Mobile Operators…
KARACHI: The government will issue promissory notes for payment of sales tax refunds and an annual profit of 10 percent will be given on these financial instruments, sources in Federal Board of Revenue said on…