January 28, 2022

Pkrevenue.com

Pakistan Revenue

Author: Anjum Shah

Etisalat ranked as world’s strongest telecom brand
Jan 27
IT & Telecom, World

Etisalat ranked as world’s strongest telecom brand

ISLAMABAD: Etisalat has been ranked as the world’s strongest telecom brand and is the first in the Middle East and Africa (MEA) region to achieve this milestone recognition by Brand Finance, the world’s leading brand valuation authority. With a telecom portfolio of well over $12.5 billion, Etisalat not only retained its AAA brand rating but […]

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Services tax on forex companies under provincial ambit
Jan 27
Taxation, Top stories

Services tax on forex companies under provincial ambit

ISLAMABAD: The Federal Board of Revenue (FBR) has said that the tax collection provided by foreign exchange companies on services is under the jurisdiction of provinces. “Services provided by foreign exchange dealers in provinces are not chargeable to Federal Excise under Federal Excise Act, 2005,” the FBR said in a clarification issued on a news […]

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DG Customs Valuation powers strengthened
Jan 26
Pakistan Customs, Taxation, Top stories

DG Customs Valuation powers strengthened

ISLAMABAD: The powers of Director General Customs Valuation have been strengthened through amendments made through Finance (Supplementary) Act, 2022. The powers of Customs Collector to determine customs valuation have been withdrawn through Finance (Supplementary) Act, 2022. Sources in Federal Board of Revenue (FBR) on Tuesday said that through the Finance (Supplementary) Act, 2022 amendment had […]

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Jazz Digital Park inaugurated in Islamabad
Jan 25
IT & Telecom

Jazz Digital Park inaugurated in Islamabad

VEON Group CEO, Kaan Terzioğlu on Monday inaugurated the Jazz Digital Park (JDP) that was established with an investment of over $8 million. Located in Islamabad, JDP will accelerate the country’s digital transformation ambition by significantly improving the existing level of IT services being provided to various sectors. READ MORE: Jazz’s investment in Pakistan crosses […]

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FBR collects mobile phone tax, PTA clarifies
Jan 24
IT & Telecom, Taxation

FBR collects mobile phone tax, PTA clarifies

ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Monday clarified that the applicable duty and taxes on mobile devices and handsets were only collected by the Federal Board of Revenue (FBR). READ MORE: FBR increases income tax to 15% on cellular services In the wake of recent increase in taxes/duties for the registration of cellular mobile devices […]

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FBR further extends date for filing sales tax return
Jan 24
Taxation

FBR further extends date for filing sales tax return

ISLAMABAD: Federal Board of Revenue (FBR) on Monday further extended the last date for filing sales tax and federal excise return for the month of December 2021 up to January 28, 2022. The FBR issued an office order to further extend the date of payment and filing of sales tax and federal excise return for […]

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Stocks fall 94 points amid policy announcement
Jan 24
Stock & Commodity

Stocks fall 94 points amid policy announcement

KARACHI: Pakistan stocks fell by 94 points on Monday amid announcement of monetary policy. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,924 points as against last Friday’s closing of 45,018 points, showing a decrease of 94.37 points. Analysts at Arif Habib Limited said that range bound session was witnessed today due […]

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