Auction of confiscated vehicles to be held on August 20 at ASO Headquarters

KARACHI: Model Customs Collectorate (MCC) Preventive has announced auction of confiscated vehicles on August 20, 2019 at Anti-Smuggling Organization (ASO) Headquarters, NMB Wharf, Ghass Bandar, East Wharf, Karachi. Read more »

Commerce ministry issues clarification to ban on Indian imports

ISLAMABAD: The ministry of commerce has issued clarification regarding ban on imports from India and said that letter of credit (LC) or bill of lading (BL) issued prior August 09, 2019 shall... Read more »

Non-ATL commission agents to pay up to 24 percent withholding tax

ISLAMABAD: Federal Board of Revenue (FBR) has said that commission agents not appearing on Active Taxpayers List (ATL) shall pay 24 percent withholding tax during tax year 2019/2020 effective from July 01,... Read more »

FBR starts verifying imported goods in spot checking of markets, shopping plazas

ISLAMABAD: Federal Board of Revenue (FBR) has decided to launch mega crackdown against smuggled goods and in this regard joint teams of the revenue body will visit markets and shopping plazas in... Read more »

Karachi traders criticize FBR for not including in consultative committee

KARACHI: Traders’ associations of Karachi have criticized Federal Board of Revenue (FBR) for not including representatives of small traders and shopkeepers from the commercial hub of the country in newly constituted committee... Read more »

FBR constitutes consultative committee for fixed tax scheme

ISLAMABAD: The chairman of Federal Board of Revenue (FBR) on Friday constituted a committee to finalize fixed tax scheme and simplified tax procedure for traders. Read more »

FBR further extends date for filing sales tax, FE returns

ISLAMABAD: Federal Board of Revenue (FBR) on Friday extended the last date for filing sales tax and federal excise (FE) return for the tax period of July 2019. Read more »

FBR posts six IR officials to FATF Cell

ISLAMABAD: Federal Board of Revenue (FBR) has appointed six officials of Inland Revenue to Financial Action Task Force (FATF) Cell. Read more »

FTO directs FBR, FIA to launch inquiry in misuse of gold, jewellery import

ISLAMABAD: Federal Tax Ombudsman (FTO) in a suo moto case directed tax authorities and investigation agency to launch inquiry against officials, department and traders involved in misuse of gold import and other... Read more »

Customs Intelligence Peshawar announces auction of motor vehicles on August 20

ISLAMABAD: Directorate of Intelligence and Investigation (Customs), Federal Board of Revenue (FBR), Peshawar has announced auction of confiscated vehicles on August 20, 2019. Read more »

FBR issues withholding tax rate on purchase of air tickets for tax year 2019/2020

KARACHI: Federal Board of Revenue (FBR) has issued adjustable withholding tax rate on purchase of international air ticket effective for Tax Year 2019/2020. Read more »

Withholding tax rates for foreign fund transfers through debt, credit cards

ISLAMABAD: Federal Board of Revenue (FBR) has issued withholding tax card for tax year 2020, effective from July 1, 2019 and notified 2 percent advance tax to be collected on gross amount... Read more »