Peshawar, June 7, 2023 – The Directorate of Intelligence and Investigation-Customs in Peshawar organized a significant event on June 7, 2023, at Azakhel, District Nowshera, where a massive quantity of confiscated goods was destroyed.
(more…)Author: Mrs. Anjum Shahnawaz
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Massive Tax Evasion Unveiled: Rs956 Billion Lost in Five Key Sectors of Pakistan
Islamabad, June 7, 2023: An international research body, Ipsos, has uncovered a staggering amount of Rs956 billion annual in tax evasion within five key sectors of Pakistan. The report shed light on tax evasion occurring in the real estate, tea, cigarette, tires and oil lubricants, and pharmaceutical industries.
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Food Companies Fined SAR 4,000 for Providing Substandard Meals to Pakistani Pilgrims
MAKKAH MUKARMA, Jun 07, 2023: Two catering companies responsible for providing meals to Pakistani pilgrims in Makkah Mukarma have been fined 4,000 Riyals for failing to meet food quality standards and neglecting their duty to provide satisfactory meals to the intending pilgrims performing Hajj under the Government scheme.
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Pakistan Budget FY24: Key Taxation Measures Likely Through Finance Bill 2023
Pakistan is set to present its budget for the fiscal year 2023-2024, and experts have highlighted key taxation measures that may be included in the Finance Bill 2023. Here are the anticipated taxation measures as outlined by Insight Securities:
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PM Shehbaz Sharif Directs Mega Incentives for IT Sector in Budget 2023-24
ISLAMABAD: Prime Minister Shehbaz Sharif has issued directives to include substantial incentives for Pakistan’s Information Technology (IT) sector in the fiscal budget for 2023-24, aiming to bolster the country’s IT exports.
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FBR Releases Draft Rules for Real-Time Tracking and Monitoring of Cargo
Islamabad, June 6, 2023: The Federal Board of Revenue (FBR) Tuesday recently released draft rules for the tracking and monitoring of various types of cargo.
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Utility Stores Implements Massive Reduction in Oil and Ghee Prices from June 7
Islamabad, June 6, 2023: In a bid to provide significant relief to consumers ahead of the announcement of the Budget 2023-2024, the Utility Stores Corporation (USC) has announced a massive reduction in the prices of edible oil and ghee, effective from June 7, 2023.
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FBR Urged to Ensure Strict Return Filing Compliance Among Professional Body Members
The Federal Board of Revenue (FBR) has received recommendations to strengthen the enforcement of income tax return filing by members of professional bodies.
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FBR to Scrutinize Taxpayers for Nil Payment, Targets Underreporting
The Federal Board of Revenue (FBR) is considering implementing special measures to examine taxpayers who filed their annual returns without making any tax payments.
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RRMC Recommends Simplified Sales Tax Return for Enhanced Compliance
The Revenue and Reform Mobilization Commission (RRMC) has proposed a simplified sales tax return system to bolster compliance among taxpayers.
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