Pakistan Revenue
KARACHI: Model Customs Collectorate (MCC) Preventive has announced public auction of confiscated vehicles on March 19, 2019 to be held at State Warehouse, Ghasbandar, East Wharf, Karachi. The following vehicles will be presented for auction: 01. Mitsubishi Pajero Jeep, GS-200, Model 1994, Chassis No. Reg. GS-2000/V46-4034794 02. Lexus Car, Model 2006, 3450CC, Chassis No. JTHBG963905034702 […]
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KARACHI: Federal Board of Revenue (FBR) is increasing its capacity to handle large size data of tax evaders, FBR chairman said in a meeting with members of Karachi Chambers of Commerce and Industry (KCCI).
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KARACHI: The equity market gained 545 points on Monday following positive comments came from the finance minister at an even. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,852 points as against 38,307 points showing an increase of 545 points. Analysts at Arif Habib Limited said that the market opened on a […]
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KARACHI: The rupee ended down by 11 paisas against dollar on Monday owing to high demand for import and corporate payments. The rupee closed at Rs139.39 to the dollar from last Friday’s close of Rs139.28 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs139.30 and Rs139.40. The […]
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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday said that the tax authorities have assured of not to conduct raids and harass taxpayers. Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Dr. Mirza Ikhtair Baig Sr. Vice President FPCCI, Vice Presidents FPCCI, Mr. […]
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KARACHI: The Pak Rupee weakened against dollar by 13 paisas in mid-day trading on Monday owing to higher demand for import and corporate payments. The US dollar is being traded at Rs139.41 in interbank foreign exchange market. Currency experts said that the demand pressure was due to market opened after two weekly holidays. They said […]
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KARACHI: Federal Board of Revenue (FBR) has updated advance tax rates on marriages and functions through latest amendment to Income Tax Ordinance, 2001.The national assembly recently approved Finance Supplementary (Second Amendment) Act, 2019 and advance tax rate for functions and gathering has been updated.The advance tax is collected under following section of the Ordinance.Section 236D: […]
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The Pakistan Yarn Merchants Association (PYMA) has officially rejected the new valuation ruling for polyester filament yarn (PFY) issued by the customs authorities, terming it as “unjust” and not reflective of the current global market prices.
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KARACHI: A large number of taxpayers may file their annual income tax returns while taking advantage of date extension up to March 31, 2019, tax manager said. The Federal Board of Revenue (FBR) recently extended the last date for filing income tax return for tax year 2018 up to March 31, 2018, which was December […]
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KARACHI: Adjustable advance tax is applicable for filers and non-filers of income tax return on sales and purchase of immovable properties to be collected at the time of transaction. According to updated Income Tax Ordinance, 2001 issued by Federal Board of Revenue (FBR) the tax shall be collected under Section 236C and Section 236K of […]
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