Karachi, June 16, 2023 – The Directorate of Intelligence and Investigation (I&I) of Inland Revenue (IR) in Karachi has made a significant breakthrough in the fight against the mafia involved in fake and flying invoice scams.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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FBR Takes Action Against Sputnik Shoes Outlets in Karachi for Tax Evasion
Karachi, June 16, 2023: The Federal Board of Revenue (FBR) has taken strict measures against Sputnik Shoes by sealing their outlets in Karachi due to their persistent tax evasion over the years.
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Active Taxpayers List in Pakistan: Unlocking Benefits for Taxpayers and the Economy
In a significant move to promote tax compliance and strengthen the country’s revenue base, Pakistan has implemented an Active Taxpayers List (ATL) system.
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Highlights of Amendments To Income Tax Introduced Through Finance Bill 2023
Following are the highlights of income tax amendments proposed through Finance Bill, 2023. These highlights are prepared by experts of KPMG Taseer Hadi & Co. Chartered Accountants.
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Pakistan Customs to Auction Confiscated Smuggled High-Speed Diesel Oil
Multan, Pakistan – Pakistan Customs has recently announced its plans to auction a significant quantity of confiscated smuggled high-speed diesel (HSD) oil on June 19, 2023.
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PSW Joins Global E-Commerce Alliance to Expand Global Outreach
Karachi, June 15, 2023: Pakistan Single Window (PSW) has achieved a significant milestone by becoming an Associate Member of the Pan-Asian E-Commerce Alliance (PAA).
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Immunity to Bring Dollars into Pakistan May Lead to Misuse, Experts Warn
In a recent development, concerns have been raised by experts regarding the proposed immunity in the Finance Bill, 2023, which allows individuals to bring dollars into Pakistan.
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NCCPL Set to Collect Capital Gain Tax on June 21
Karachi, June 14, 2023 – The National Clearing Company of Pakistan Limited (NCCPL) has announced its plan to collect capital gain tax (CGT) for the month of May 2023 on June 21.
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FBR Announces Tax Collection Schedule for Eid Holidays
Islamabad: The Federal Board of Revenue (FBR) has released a schedule for the collection of duty and taxes during the upcoming Eid holidays, expected to occur later this month.
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Tax Experts Explain Reintroduction of Tax on Bonus Shares through Finance Bill, 2023
Tax experts at A F Ferguson have provided insights into the reintroduction of tax on bonus shares through the Finance Bill of 2023.
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