ISLAMABAD: Federal Board of Revenue (FBR) on Monday invited applications to appoint advocates to strengthen its legal team. The FBR said that it had subordinate offices all over the country, and was in the process of evolving a smart legal team for its sub-ordinate offices to plead the departmental cases of Inland Revenue before various […]
KARACHI: The Customs Collectorate, Sukkur has announced auction of Toyota and Suzuki cars to be held on November 25, 2022 at state warehouse of the Collectorate. The Collectorate will present following cars for the auction: READ MORE: Pakistan car imports surge by 108pc as restriction eases 01. Suzuki Kie Car, bearing Registration No. Without Number, […]
Karachi: The Collectorate of Customs in Hyderabad has revealed plans to conduct an auction of non-duty paid (NDP) vehicles on November 24, 2022.
ISLAMABAD: Pakistan has established a directorate for detection of nuclear material and radiation at customs stations. In this regard Federal Board of Revenue (FBR) issued SRO 2047(I)/2022 to notify functions, jurisdiction and powers of the Directorate General of National Nuclear Detection Architecture (NNDA). READ MORE: FBR gathers dual nationality information of customs officials The Directorate-General […]
Islamabad: The Federal Board of Revenue (FBR) has embarked on the task of gathering information regarding the dual nationality status of customs officials in various grades from BS-1 to BS-21.
KARACHI: Taxpayers have not been provided to declare exempt purchases in sales tax return form at IRIS, which resulted in issuance of huge number of show cause notices regarding apportionment of input tax in relation to taxable and exempt sales in the return. Karachi Tax Bar Association (KTBA) on Thursday highlighted this important issue by […]
KARACHI: Federal Board of Revenue (FBR) on Wednesday notified draft rules to amend Baggage Rules for lowering cash limit for outbound passengers. The FBR issued SRO 2043(I)/2022 to make amendments in the Baggage Rules, 2006. The cash limit has been lowered to $5,000 per person per visit from $10,000. READ MORE: SBP limits cash up […]
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday halted the issuance of prizes through computerized balloting of invoices issued by point of sale (POS) of Tier-1 retailers. The FBR suspended the draw that was to be held on November 15, 2022. The prize scheme was continuously held since its first draw on January 15, 2022. […]
A tax has been imposed on persons receiving dividends in Pakistan. The tax has been levied under Section 5 of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2022 after incorporating changes made through Finance Act, 2022. The following is text […]
Super tax is a special levy that is imposed on certain classes of taxpayers on their income in Pakistan. The collection of super tax has been made under Income Tax Ordinance, 2001. Through Section 4B of the Income Tax Ordinance, 2001, super tax for rehabilitation of temporarily displaced persons was introduced through Finance Act, 2015. […]