Pakistan Revenue
KARACHI: The members of Overseas Investors’ Chamber of Commerce and Industry (OICCI) have invested Rs12 billion on Corporate Social Responsibility (CSR) during fiscal year 2021-2022, said a statement on Thursday.
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KARACHI: Pakistan’s business confidence turned negative owing to highly challenging political and economic situation, according to a survey conducted by Overseas Investors Chamber of Commerce and Industry (OICCI). OICCI, is representative of foreign and multinational companies in Pakistan, announced the results of its comprehensive Business Confidence Index (BCI) Survey – Wave 22, conducted throughout the […]
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KARACHI: Foreign investors at the Overseas Investors Chamber of Commerce and Industry (OICCI) have recommended harsh penalties for Intellectual Property Rights (IPR) violations.
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KARACHI: Foreign investors operating in the country have discussed ongoing economic situation with the State Bank of Pakistan, a statement said on Tuesday. The members of Overseas Investment Chamber of Commerce and Industry (OICCI), the body representing foreign investors and multinational companies in Pakistan, met with Dr. Murtaza Syed, Acting Governor, State Bank of Pakistan […]
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KARACHI: The Federal Board of Revenue (FBR) has been recommended to exempt withholding tax on telecom services to facilitate a large number of population of the country living below poverty line. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2022/2023 urged the FBR to rationalize withholding tax on telecom services. […]
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KARACHI: The Federal Board of Revenue (FBR) has been urged to zero rate sales tax on import of pharmaceutical API and simplification of sales tax refunds. The Overseas Investors Chamber of Commerce and Industry (OICCI) in proposals for budget 2022/2023, informed the tax authorities that the above sales tax amendment enforced through the Finance (Supplementary) […]
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KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended amendments in tax laws related to taxpayers engaged in business of fast moving consumer goods (FMCG). The OICCI in its proposals for budget 2022/2023 presented to Federal Board of Revenue (FBR) recommended certain changes for taxpayers engaged in business of FMCG. READ MORE: FBR […]
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ISLAMABAD: Federal Board of Revenue (FBR) has been urged to review minimum tax regime under Section 113 of Income Tax Ordinance, 2001 of oil refineries and oil marketing companies (OMCs). The Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2022/2023 recommended the FBR that the rate of minimum tax under […]
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KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has identified mismatch in General Sales Tax (GST) rates between supply and sales resulting in excessive sales tax refundable build up. The OICCI in its proposals for budget 2022/2023 submitted to the Federal Board of Revenue (FBR), said that Independent Power Producers (IPPs) revenue mainly comprises […]
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KARACHI: The exploration and production companies are subject to tax rate at 40-50 per cent instead the prevailing rate of 29 per cent, which should be aligned with the tax rate applicable on other sectors. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2022/2023 submitted to the Federal Board of […]
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