Procedure to get exemption certificate for imported goods
ISLAMABAD – The Federal Board of Revenue (FBR) has established a clear procedure for taxpayers to obtain exemption certificates for the exemption from advance income tax on imported goods.
ISLAMABAD – The Federal Board of Revenue (FBR) has established a clear procedure for taxpayers to obtain exemption certificates for the exemption from advance income tax on imported goods.
ISLAMABAD: The number of return filers may reach near 6.5 million if persons obtained National Tax Number (NTN) make compliance. According to the Federal Board of Revenue (FBR) more than 3.5 million are those NTN holders are not filing income tax return. Under Section 114 of Income Tax Ordinance, 2001 the filing of income tax […]
KARACHI: The stock market witnessed a gain of 514 points on Wednesday as trading activity was seen in energy sector following increase in prices of international crude oil. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,378 points as against 39,863 points showing an increase of 514 points. Analysts at Arif Habib […]
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday exempted whole of sales tax on import of medical instruments and equipments for prevention and treatment of COVID pandemic.
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday urged the tax authorities to expand the list of raw material for purpose of reduced income tax rate at import stage. FPCCI President Mian Anjum Nisar while reacting to SRO 1240(I)/2020 dated November 20, 2020 stated that through this notification a very few […]
KARACHI: Sindh government has fixed minimum wage for unskilled laborers at Rs17,500, a statement said on Wednesday. According to the notification issued by Zahid Hussain Khemtio, Chairman, Minimum Wages Board, the Sindh government has fixed minimum wages of Rs. 17,500 per month for unskilled workers and under the Sindh Minimum Wages Act 2015, all industrial […]
KARACHI: The Pak Rupee gained another 82 paisas against dollar on Wednesday owing to ease in demand for import payment and improved economic indicators. The rupee ended Rs159.27 to the dollar from previous day’s closing of Rs160.09 in interbank foreign exchange market. Currency dealers said that due to second phase of covid pandemic globally and […]
KARACHI: Around 11,174 complaints have been filed against commercial banks during first half of current calendar year, said a report issued by Banking Mohtasib (Ombudsman) Pakistan. The office of banking ombudsman in its half yearly report (January – June 2020) said that due to more public awareness about this institution as an alternate dispute resolution […]