Auction of confiscated vehicles on Jan 23 by Rawalpindi Customs Intelligence

ISLAMABAD: Directorate of Intelligence and Investigation – Customs, Rawalpindi has announced public auction of confiscated vehicles on January 23, 2019 to be held at State Warehouse, located at Kashmir Highway, Islamabad. Read more »

FBR issues updated withholding tax card for Tax Year 2019

ISLAMABAD: Federal Board of Revenue (FBR) has issued updated rate card of withholding tax for Tax Year 2019 incorporating amendments made through Finance Supplementary Act, 2018. Read more »

Campaign against tax defaulting vehicles to continue till January 15

KARACHI: Sindh Minister for Excise and Taxation & Narcotics Control and Parliamentary Affairs Mukesh Kumar Chawla has warned the owners of the tax defaulting vehicles to pay their due taxes to avoid... Read more »

Mazda Titan Trucks to be assessed for customs values on MSRP

KARACHI: Pakistan Customs has said that Mazda Titan Trucks will be assessed and cleared on the values prescribed as per manufacturer’s suggested retail price or available valuation ruling. Read more »

Inward remittances above Rs10 million per year require to explain source

KARACHI: The source of foreign remittances are now under questioning by Federal Board of Revenue (FBR) if inward transfer is above Rs10 million to a recipient in a year. Read more »

Complete VAT system planned under medium term fiscal framework

ISLAMABAD: The government has decided to eliminate special procedures and reduced rate taxation for moving towards complete Value Added Tax (VAT) regime under medium term fiscal framework, sources told Read more »

Abolishing advance tax on share sale, purchase on the cards

KARACHI: The government is likely to abolish advance tax on sale and purchase of shares in the capital market on the demand of Pakistan Stock Exchange (PSX), sources said on Saturday.  ... Read more »