April 24, 2024

Pkrevenue.com

Pakistan Revenue

Day: May 10, 2019

Overseas Pakistanis send $17.87 billion in 10 months
May 10
Finance

Overseas Pakistanis send $17.87 billion in 10 months

KARACHI: Overseas Pakistanis have sent remittances worth $17.875 billion during first ten months (July – April) 2018/2019, which is 8.45 percent higher when compared with remittances in the same period of the last fiscal year, State Bank of Pakistan (SBP) said on Friday. Overseas Pakistani workers remitted $17.875 billion in the first ten months (July […]

by
Read More
Younus Dagha assigned additional charge of secretary revenue division
May 10
Taxation

Younus Dagha assigned additional charge of secretary revenue division

ISLAMABAD: The federal government has assigned additional charge of secretary revenue division to Muhammad Younus Dagha, who is already serving as Secretary Finance. A notification issued on Friday by Establishment Division stated that Mohammad Younus Dagha, a BS-22 officer of Pakistan Administrative Service, presently serving as Secretary Finance Division, is assigned additional charge of the […]

by
Read More
No bank account freezing without informing taxpayer: FBR chairman
May 10
Taxation

No bank account freezing without informing taxpayer: FBR chairman

ISLAMABAD: Shabbar Zaidi, the newly appointed chairman of Federal Board of Revenue (FBR), has issued instructions to field formation that bank account will not be frozen without prior information to taxpayers. A directive issued on Friday by the chairman stating: “no bank account attachment unless the taxpayer’s CEO/principal officer/owner is informed at least 24 hours […]

by
Read More
FBR imposes penalty on lady customs officer for inefficiency, misconduct
May 10
Pakistan Customs, Taxation

FBR imposes penalty on lady customs officer for inefficiency, misconduct

ISLAMABAD: Federal Board of Revenue (FBR) has imposed penalty of withholding two annual increments on lady customs official for inefficiency and misconduct. The FBR said that disciplinary proceedings under Government Servants (Efficiency & Discipline) Rules, 1973 were initiated against Ms. Razia Sultana Bhutto, Principal Appraiser (under suspension), Model Customs Collectorate of Appraisement (West), Karachi through […]

by
Read More
Rupee eases in interbank foreign exchange market
May 10
Money & Banking

Rupee eases in interbank foreign exchange market

KARACHI: The Pak Rupee fell by one paisa against dollar on Friday amid sufficient inflows of export receipts and remittances. The rupee ended Rs141.40 to the dollar from previous day’s closing of Rs141.39 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.34 and Rs141.37. The market recorded […]

by
Read More
Imposition of digital tax at 30 percent proposed
May 10
2019-2020, Budget, Taxation

Imposition of digital tax at 30 percent proposed

KARACHI: Federal Board of Revenue (FBR) has been proposed for imposing digital tax at 30 percent in the budget 2019/2020. Chartered Accountants have suggested the imposition of digital tax from next tax year as OECD had started thinking of appropriately taxing the digitalized economy. Institute of Chartered Accountants of Pakistan (ICAP) in its budget proposals […]

by
Read More
PBC presents tax proposals for reducing cost of doing business
May 10
2019-2020, Budget, Trade & Industry

PBC presents tax proposals for reducing cost of doing business

KARACHI: Pakistan Business Council (PBC) has suggested measures for reducing cost of doing business and promoting manufacturing and industrialization. In its tax proposals for budget 20119/2020, the PBC suggested following measures for reducing cost of doing business: Exemption from collection of Withholding tax under section 148 at import stage & exemption for manufacturing concerns under […]

by
Read More