Massive increase in penalty amount on the cards for violating tax laws

KARACHI: Tax authorities are considering to recommend massive rise in monetary penalty for violating general provisions of income tax laws. According to sources in Federal Board of Revenue (FBR), the Large Taxpayers... Read more »

KCCI wants end lockdown, deploy army for SOP enforcement

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Wednesday urged the government to lift lockdown completely and allow all type of businesses to restart their activities. Siraj Kassam Teli, Chairman Businessmen... Read more »

Sindh proposed to exempt sales tax on export of services

KARACHI: Sindh Revenue Board (SRB) has been proposed to exempt sales tax on export of services. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2020/2021 presented to... Read more »

Withholding sales tax should be exempted on services rendered to registered persons

KARACHI: Sindh Revenue Board (SRB) has been proposed to exempt sales tax withholding in case a registered person renders services to another registered person. Withholding of sales tax from registered sales tax... Read more »