Pakistan Revenue
ISLAMABAD: Federal Tax Ombudsman (FTO) provided relief to a taxpayer by intervening in a matter where withholding tax certificate was denied to the taxpayer. The Tax Ombudsman’s timely intervention has resolved a genuine taxpayers’ grievance with a withholding company, said a statement issued on Tuesday. READ MORE: FBR imposes $5,000 cash carrying limit for foreign […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday imposed cash carrying limit of $5,000 for travelling abroad. The FBR issued SRO 2201(I)/ 2022 dated December 12, 2022 to make part of law the amendment made to Baggage Rules, 2006. Previously, draft amendments to the rules were introduced through SRO 2043(I)/2022 on November 15, 2022. READ […]
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ISLAMABAD: The total number of registered companies with Securities and Exchange Commission of Pakistan (SECP) increased to 182,598 by end of November 2022, a statement said on Monday. The SECP registered 2,380 new companies in November, 2022, indicating an increase of 10 per cent as compared to corresponding period last year. Total capitalization (paid-up-capital) of […]
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KARACHI: Federal Board of Revenue (FBR) on Monday exempted capital value tax (CVT) on all assets of Reko Diq Mining Company. The FBR issued SRO 2200(I)/2022 to announce that the federal government had exempted all assets of the Reko Diq Mining Company (Private) Limited (formerly) Tethyan Copper Company Pakistan (Private) Limited from the whole of […]
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ISLAMABAD: A major new Ericsson (NASDAQ: ERIC) commissioned study by management consulting firm Analysys Mason highlights the potential economic, consumer and environmental benefits of 5G connectivity in 15 national emerging markets. With regulatory and government support, all fifteen countries could benefit from GDP growth between 0.3 and 0.46 per cent through 2035, with an estimated […]
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ISLAMABAD: Pakistan Customs has announced auction Suzuki and Toyota motor vehicles, which will be held on December 14, 2022 at Sukkur. Following is the list of auction of vehicles lying in State Warehouse, Sukkur to be held on December 14, 2022: 01. Suzuki Kie Car, bearing Registration No. Without Number, Chassis No.HZ22S-675401, Engine No.K6A, Model […]
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KARACHI: Non-filers of income tax return will not be included in the Active Taxpayers List (ATL) 2022, officials in the Federal Board of Revenue (FBR) said. The last date for filing income tax returns for tax year 2022 is December 2022. The date has already been extended twice. The actual last date for filing income […]
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WASHINGTON: The United States and Croatia on Wednesday signed a comprehensive income tax treaty between the two countries, according to an official statement issued by US Department of the Treasury. In a ceremony held at the US Department of State today, Under Secretary of State for Economic Growth, Energy and the Environment Jose W. Fernandez […]
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Recognized as the Oscars of the Asian IT industry, popularly called the APICTA Awards, the 2022 edition is taking place in Islamabad, from December 7-11, 2022. The 21st APICTA Awards of the regional economies are being held in Pakistan for the first time since the inception of the alliance. They are being organized by the […]
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Daraz, a leading online marketplace operating in Pakistan, has brought to the forefront significant issues related to cross-border payments. During a high-level meeting with Finance Minister Ishaq Dar on Wednesday, Ehsan Saya, Managing Director of Daraz, along with a delegation, discussed these operational challenges in detail.
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