Sindh allows property registrations; issues SOPs

KARACHI: The Sindh government has allowed registration of properties from Monday May 04, 2020 with certain restriction to ensure compliance of lockdown to prevent spread of coronavirus. The provincial government has permitted... Read more »

Withholding tax rate should be increased to 10 percent for immovable property purchase by non-filer

KARACHI: The withholding tax rate should be enhanced to 10 percent for non-filer purchaser of immovable property in the budget 2020/2021. Pakistan Business Council (PBC) in its budget proposals 2020/2021 recommended to... Read more »

Massive under-invoicing by commercial importers destroying domestic industry: PBC

KARACHI: Pakistan Business Council (PBC) has said that massive under-invoicing especially by commercial Importers is destroying domestic industry. In its budget proposals for fiscal year 2020/2021, the PBC said that across the... Read more »

One percent sales tax proposed on every stage of supply chain

KARACHI: Business community has proposed imposing one percent sales tax on every stage of supply chain of five export oriented sector without input adjustment. Federation of Pakistan Chambers of Commerce and Industry... Read more »

FPCCI suggests introducing taxpayers’ bill of rights

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended introducing taxpayers’ bill of rights in the forthcoming budget. The apex trade body in its proposals for budget 2020/2021, said... Read more »