The Pakistani Rupee (PKR) experienced a decline of six paisas against the US Dollar (USD) in early trading on Monday within the Interbank Foreign Exchange Market. The exchange rate now stands at Rs138.91 for one US Dollar.
The Federal Board of Revenue (FBR) in Pakistan has granted the Commissioner Inland Revenue the authority to issue assessment orders against a tax return on the very date it is filed.
The Directorate of Intelligence and Investigation – Customs, Rawalpindi, has officially declared a public auction of confiscated vehicles scheduled for January 23, 2019.
The Federal Board of Revenue (FBR) in Pakistan has announced the issuance of an updated rate card for withholding tax for Tax Year 2019, incorporating amendments introduced through the Finance Supplementary Act of 2018.
The Sindh Excise Department’s ongoing road checking campaign against defaulting vehicles is set to persist until January 15, 2019, in an effort to enforce tax compliance.
Karachi: Pakistan Customs has issued a statement clarifying the assessment and clearance process for Mazda Titan Trucks. According to the circular issued by the Model Customs Collectorate of Appraisement – West, these trucks will be evaluated and cleared based on values prescribed in accordance with the manufacturer’s suggested retail price or any applicable valuation ruling. […]
The Federal Board of Revenue (FBR) in Pakistan is now scrutinizing the source of foreign remittances when the inward transfer exceeds Rs10 million to a recipient in a year.
ISLAMABAD: The government is planning to a complete Value Added Tax (VAT) regime under its medium-term fiscal framework, aiming to make significant changes in taxation, according to sources.
KARACHI: The government is reportedly considering the abolition of the advance tax on the sale and purchase of shares in the capital market, a move prompted by the Pakistan Stock Exchange (PSX) and Pakistan Stockbrokers Association’s demands.
KARACHI: The value added sector, represented by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA), has reached out to Finance Minister Asad Umar, urging the government to grant tax credit for equity investment to business individuals and Associations of Persons (AOPs).