In a bid to streamline tax compliance and enhance transparency, the Federal Board of Revenue (FBR) has re-emphasized the statutory requirement for taxpayers to retain records for a period of six years.
Twelfth Schedule of Income Tax Ordinance, 2001 has explained the category of taxpayers for income tax on imports. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Twelfth Schedule of Income Tax Ordinance, 2001: PCT CODE DESCRIPTION (1) (2) […]
State Bank of Pakistan
KARACHI: Pakistani workers living abroad have sent $2.52 billion as remittances to their homeland in the month of October 2021, State Bank of Pakistan (SBP) said on Sunday. The SBP said that the workers’ remittances continued their strong streak as inflows recorded $2.5 billion in October 2021, up 10.2 percent (y/y) and only marginally lower […]
KARACHI: Directorate of Transit Trade, Pakistan Customs will auction a huge number of old and used 22 Toyota Corolla cars on November 15, 2021 at Pakistan International Container Terminal, Karachi Port Trust (East Whart). The directorate to offer auction of following motor cars: 01. OLD AND USED TOYOTA COROLLA CAR, LEFT HAND DRIVE, CHASSIS/VIN# JT2AE94K4L3352743, […]