ISLAMABAD: The Federal Board of Revenue (FBR) has issued income tax audit notices to 11 advertising agencies.
According to the sources, the system-generated audit notices were issued to the selected taxpayers for audit of taxes for the year 2014 under new audit policy 2015.
Sources added that these taxpayers were selected through electronic ballot system for audit. Sources further added that advertising agencies will have to provide all the necessary documents and details about expenses and taxes payed for the said year.
Imported phones taxed at 54%, locally assembled devices at 25%, NA committee told
ISLAMABAD: The National Assembly Standing Committee on Finance has raised concerns over the high tax burden on mobile phones and...
