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News updates Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people
Deemed income of taxpayer: Tribunal rules out Section 111 interpretation
LAHORE: The Appellate Tribunal Inland Revenue Lahore ruled out the tax department’s interpretation of Section 111 of the Income Tax...
Amid concerns, SCCI demands SRO 351 withdrawal
SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) President Dr Sarfraz Bashir expressed great concern on issuance of SRO 351...
PRV Section of MCC Appraisement-West recovers Rs20.1m
KARACHI: Post Release Verification (PRV) Section of Model Customs Collectorate of Appraisement-West has recovered an amount of Rs 20,124,450 in...
Ahmed Mujtaba Memon resumes charge as Collector Adjudication-II
KARACHI: Collector of the Customs Collectorate of Adjudication-II, Ahmed Mujtaba Memon has resumed charge as Collector, Customs Collectorate of Adjudication-II...
IOCO recommends FBR to change SROs 565,567,575
KARACHI: Input-Output Co-efficient Organization (IOCO) has forwarded recommendations to Federal Board of Revenue regarding change in concessionary regime/exemptions in SROs...
Importers, traders irked by higher valuation, gross weight charges
KARACHI: Pakistan Customs authorities are determined to reduce the massive difference between the revenue collection and the revenue target set...
Zulfiqar Ahmad Malik posted as Collector Appeals
ISLAMABAD: Federal Board of Revenue has announced transfers and postings of Grade 19 and Grade 20 officers of Pakistan Customs...
Pak-China FTA: Leather exports yet to reap benefits
KARACHI: Pakistan is not benefiting from Free Trade Agreement with China, as the leather industry is still paying around 9...
FTO turns down FBR’s review petition
ISLAMABAD: The Federal Tax Ombudsman (FTO) while rejecting the FBR’s review petition against its earlier orders, ruled that the compensation...
Customs violating LHC’s directives
LAHORE: By weighing essential packing in the assessable value of consignments, the Customs Department has been flouting the directives of...
Sugar mills evading tax on steel production
LAHORE:At least 10 sugar mills, which are simultaneously producing steels through their melting units of 5 to 15 million tonnes...
Sost dry port closed down by protestors
GILGIT: While registering their protest, traders of Gilgit-Baltistan have closed down Sost Dry Port for any kind of exports and...
ST on services: SECP proposes amend to FED Act
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amend to the Federal Excise Duty Act, 2005 and...
Boosting oil & gas sector: Cut in minimum turnover tax proposed
ISLAMABAD: The Federal Board of Revenue (FBR) is mulling a budget proposal over, seeking reduction in minimum turnover tax in...
R&D Section of MCC Appraisement-East recovers Rs15.6m
KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate of Appraisement-East has recovered an amount of Rs 15,590,381...
FPCCI urges privatized customs laboratory at Karachi
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Zakaria Usman while lamenting the Pakistan Customs for not...
India asks Pakistan to raise LoC trade protocols items from 21 to 40
LAHORE: Indian Government has requested the Pakistani Government to increase the number of items allowed under the Line of Control...
IMF cuts Pakistan’s tax target by Rs75b
ISLAMABAD: FBR’s tax target has been revised downward from Rs 2,345 billion to Rs 2,270 billion for outgoing fiscal year...
LCCI rejects SRO 351 (I) 2014, demands withdrawal
LAHORE: Lahore Chamber of Commerce and Industry has out rightly rejected SRO 351 (I) 2014 and called for its immediate...
Extension requested for provincial incentive scheme
To, Honourable Chief Minister, Sindh Respected Sir, We feel pleasure to introduce Karachi Tax Bar Association (KTBA) which comprises...
