Buyers, sellers jointly responsible for payment of unpaid tax

KARACHI: Federal Board of Revenue (FBR) has held responsible buyers and sellers in a supply chain where payment of tax is not deposited into the national kitty. Read more »

FBR explains chargeability of tax on income from property

KARACHI: The rent received or receivable by a person during a tax year is chargeable to tax under head of income from property. Read more »

Customs empowered to stop vessel departure till payment of dues

KARACHI: Pakistan Customs has been empowered to refuse clearance of vessel until payment of dues including port dues and other charges and penalties. Read more »