FBR suggested to abolish tax refund culture

KARACHI: Federal Board of Revenue (FBR) has been suggested to abolish tax refund culture and bring down sales tax at five percent. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in... Read more »

FPCCI suggests measures to boost exports

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to boost exports of the country. The apex trade body in its proposals for budget 2020/2021 suggested measures to... Read more »

FBR suggested to issue exempt list of persons not required to pay withholding tax

KARACHI: Federal Board of Revenue (FBR) has been urged to issue a separate list of exempt list of persons who do not require to pay withholding tax as mentioned in Section 100BA... Read more »

FED on locally manufactured vehicles proposed to be withdrawn

KARACHI: Local automobile manufacturers have urged the Federal Board of Revenue (FBR) to withdraw federal excise duty, which will help in rationalizing prices in domestic market. Overseas Investors Chamber of Commerce and... Read more »

Exemption on agriculture income should be withdrawn

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has suggested that exemption on agriculture income should be withdrawn and bring all income into tax net. The OICCI in its proposals for... Read more »

Bearer bonds, certificates should be stopped to prevent tax evasion

KARACHI: The government has been recommended to stop all kind of bearer certificates, bonds and other instruments in order to eliminate parking lots for untaxed funds. Overseas Investors Chamber of Commerce and... Read more »

Return, wealth statement be made mandatory for Rs2 million turnover in banking system

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has suggested that persons having annual turnover of Rs2 million through bank accounts should require filing annual returns and wealth statement. The OICCI... Read more »

Independent appellate recommended to boost taxpayers’ confidence

KARACHI: Business community has recommended to establish an independent tax appellate system in the country to boost taxpayers’ confidence and discourage irrational assessments. Overseas Investors Chamber of Commerce and Industry (OICCI) in... Read more »