Karachi, Pakistan – Unilever Pakistan has announced its decision to appeal a hefty Rs 60 million fine imposed by the Competition Commission of Pakistan (CCP). The fine, which stems from allegations of misleading advertising claims, specifically targets the marketing of Unilever’s Lifebuoy soap and hand wash products in Pakistan.
(more…)Author: Shahnawaz Akhter
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FBR Debunks Rumors of Taxing Arshad Nadeem’s Prize Money
Islamabad, August 11, 2024: The Federal Board of Revenue (FBR) has decisively quashed rumors swirling on social media about the alleged taxation of the prize money awarded to Arshad Nadeem, Pakistan’s golden athlete and the gold medalist at the Paris Olympics 2024.
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SHC Upholds FBR’s Transfer Orders: IRS Officers’ Plea Rejected
Karachi, August 10, 2024 – The Sindh High Court (SHC) has delivered a significant ruling by dismissing the petition of 12 senior officials from the Inland Revenue Service (IRS), who had challenged their recent transfers to the Federal Board of Revenue’s (FBR) administrative pool.
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Pakistan Customs Tightens Green Channel Security
Karachi, August 10, 2024 – Pakistan Customs has announced a significant update regarding the Green Channel facility at airports across the country. Authorities now have the right to randomly select passengers using the Green Channel for additional checks, aiming to prevent the misuse of this facility.
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Pakistan Stocks Set to Maintain Positive Trajectory Next Week
Karachi, August 10, 2024 – Pakistan stocks is expected to continue its upward momentum in the upcoming week starting August 12, 2024, as per analysts at Arif Habib Limited.
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Entrustment Scheme: Pakistan Exempts Sales Tax on Gold Imports
Karachi, August 10, 2024 – Pakistan has granted a sales tax exemption on the import of gold under the entrustment scheme. The Federal Board of Revenue (FBR) announced the tax exemption, which has been introduced through the Finance Act, 2024. The exemption is part of broader changes made to the Sixth Schedule of the Sales Tax Act, 1990.
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FBR Doubles Sales Tax on Imported Computers and Laptops
Karachi, August 10, 2024 – The Federal Board of Revenue (FBR) has announced a significant increase in the sales tax rate on imported computers and laptops for the tax year 2024-25.
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CCP Slaps Rs60M Fine on Unilever Pakistan for Misleading Ads
KARACHI: August 10, 2024 — The Competition Commission of Pakistan (CCP) has imposed a substantial fine of PKR 60 million on Unilever Pakistan for broadcasting deceptive claims in television commercials for its hygiene and cleansing products, namely ‘Lifebuoy (Care and Protect) Soap’ and ‘Lifebuoy Hand Wash.’
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FBR Mandates Sales Tax Registration for Key Business Sectors
Karachi, August 9, 2024 – In a move aimed at tightening tax compliance, the Federal Board of Revenue (FBR) has announced a mandate requiring several categories of individuals and businesses to obtain mandatory sales tax registration.
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FTO Assures Industrialists of Swift Justice in Tax Matters
Karachi, August 9, 2024 – The Federal Tax Ombudsman (FTO), Dr. Asif Mahmood Jah, has pledged prompt action on taxpayer complaints, vowing to deliver justice within 4-6 weeks. Addressing the SITE Association of Industry during his recent visit,
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