Restoration of multiple years audit to burden taxpayers

KARACHI: Business community has criticized the government for eliminating condition of conducting audit once in three-year period. Overseas Investors Chamber of Commerce and Industry (OICCI) highlighted anomalies in the Finance Bill 2020,... Read more »

Tax credit allowed for hiring fresh graduates

KARACHI: In order to generate employment in the country, the government allowed tax credit to employers for hiring fresh graduates from July 01, 2019. Read more »

Finance Bill 2019: tax officials granted powers to enter premises for gold, prize bonds; KCCI opposes

KARACHI: The Finance Bill 2019 has proposed discretionary powers to Commissioner Inland Revenue to enter and search any premises for undeclared gold and prize bonds. Read more »

Tax slabs increased for rental income from properties

KARACHI: The government has revised tax slabs for rental income from property to eight from five. Read more »

Prime Minister assures business community of considering sales tax zero rating

KARACHI: Prime Minister Imran Khan has assured business community of considering restoration of sales tax zero rating for export sector. Read more »

List of transactions not to attract 100 percent increased withholding tax

KARACHI: The Finance Bill 2019 has proposed a new schedule related to compliance with 100 percent increased withholding tax rates to persons not appearing on Active Taxpayers List (ATL). Read more »

Customs duty concessions allowed on 1650 raw materials

KARACHI: The government has allowed customs duty concessions on import of 1650 raw materials through Finance Bill 2019. Read more »

FPCCI may opt harsh decisions against proposed budgetary measures

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on has announced to take harsh decision against duty and tax measures proposed through Finance Bill, 2019. Read more »

Law proposed to end corruption in Pakistan Customs

KARACHI: The government has decided to take stern action against officials of Pakistan Customs, who are involved in corruption or corrupt practices. Read more »

Businessmen taken onboard to remove anomalies in Finance Bill 2019

ISLAMABAD: Federal Board of Revenue (FBR) has constituted an anomaly committee comprising members from business community to give their input in removing irritants in the Finance Bill, 2019. Read more »