Uniform tax rate suggested on rental income

KARACHI: The tax rate on rental income should be made uniform for individual, Association of Persons (AOPs) and company at 15 percent. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in... Read more »

FBR suggested to abolish tax refund culture

KARACHI: Federal Board of Revenue (FBR) has been suggested to abolish tax refund culture and bring down sales tax at five percent. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in... Read more »

FPCCI suggests measures to boost exports

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to boost exports of the country. The apex trade body in its proposals for budget 2020/2021 suggested measures to... Read more »

FPCCI suggests measures to broaden tax base, improving tax to GDP ratio

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to broaden tax base and improving tax to GDP ratio. The apex trade body in its proposals for fiscal... Read more »

FBR extends time limit for filing goods declaration

KARACHI: Federal Board of Revenue (FBR) has extended time limit for filing goods declaration in order to facilitate trade considering problems faced during lockdown. The FBR on Monday issued a notification for... Read more »

Curtailing powers of tax officers in recovery, entering premises suggested

KARACHI: Business community has suggested curtailing powers of tax officers while invoking provisions of sales tax laws. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its proposals for budget 2020/2021... Read more »

One percent sales tax proposed on every stage of supply chain

KARACHI: Business community has proposed imposing one percent sales tax on every stage of supply chain of five export oriented sector without input adjustment. Federation of Pakistan Chambers of Commerce and Industry... Read more »

FPCCI suggests introducing taxpayers’ bill of rights

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended introducing taxpayers’ bill of rights in the forthcoming budget. The apex trade body in its proposals for budget 2020/2021, said... Read more »

Immunity from audit against CNIC condition demanded

KARACHI: The business community has demanded the Federal Board of Revenue (FBR) to give immunity from audit against CNIC condition for tax year 2020. In its budget proposals for fiscal year 2020/2021,... Read more »

FPCCI praises central bank for reducing policy rate to nine percent

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has praised the central bank for reducing policy rate by two percent to nine percent from 11 percent. In a statement issued... Read more »