Mar 23

Customs Intelligence Lahore announces auction of vehicles on March 27

ISLAMABAD: Directorate of Intelligence and Investigation, Customs, Federal Board of Revenue (FBR), Lahore announced auction of confiscated vehicles to be held on March 27, 2019. Following vehicles will be presented for the auction: 01. Mercedes Benz Car E-240, Model 1997, Reg. No. LE-190/ICT, Chassis No. WDB2100352A502971 02. Toyota Progress Car 2927CC, Model 1999, Reg. No. […]

by Mrs. Anjum Shahnawaz

FBR holds awareness sessions for online payment of duty, taxes

Mar 23

Taxation

FBR holds awareness sessions for online payment of duty, taxes

In a proactive step towards modernizing tax procedures and enhancing ease of doing business, the Federal Board of Revenue (FBR) organized informative sessions in Karachi and Lahore for the business community and tax consultants.

by Faisal Shahnawaz

Mar 23

Stock & Commodity

Weekly Review: Equity market likely to display mixed trend

KARACHI: The equity market likely to display a mixed trend next week showing a range-bound behavior, analysts said. Analysts at Arif Habib Limited said that concerns of an expected hike in the upcoming monetary policy statement may keep investors on the back seat. However, valuations across the index have opened up to an enticing level […]

by Faisal Shahnawaz

Advance tax on dealers, commission agents

Mar 23

Exclusive, Taxation

Advance tax on dealers, commission agents

KARACHI: Every market committee has been required to collect advance tax from dealers, commission agents under income tax laws. The Federal Board of Revenue (FBR) recently updated Income Tax Ordinance, 2001 under which advance tax is collectable from dealers, commission agents and arhatis under Section 236J. Section 236J: Advance tax on dealers, commission agents and […]

by Faisal Shahnawaz

MCC Appraisement West announces auction of vehicles on March 25

Mar 23

Pakistan Customs, Taxation

MCC Appraisement West announces auction of vehicles on March 25

KARACHI: Model Customs Collectorate (MCC) Appraisement (West) Karachi announced auction of vehicles laying at Al-Hamd International Cargo Terminal to be held on March 25, 2019. Following vehicles will be offered for the auction: S. No. Description Model Capacity 1 Used Mitsubishi Car 2009 – 2 Used Mitsubishi Mini Cab 2013 – 3 Used Nissan Clipper […]

by Faisal Shahnawaz

SBP directs banks to ensure OTC tax collection by March 27

Mar 23

Money & Banking, Taxation

SBP directs banks to ensure OTC tax collection by March 27

KARACHI: State Bank of Pakistan (SBP) on Friday directed all commercial banks to ensure receiving payment of duty and taxes through over the counter (OTC) channel. The SBP said that the finance department through circular on July 17, 2018 made it mandatory for banks to enable their Over-the-Counter (OTC) Channel for collection of taxes and […]

by Faisal Shahnawaz