Handset Imports: Blacked Out
Latest central bank data show that the country’s mobile phone imports have crashed by an even bigger magnitude than previously anticipated amid import restrictions. Handset imports in the [...]
Importers get One-Time Facilitation
The Federal Government has decided to waive all demurrage and port charges of around 8000 containers stranded at the country’s ports. This was announced the Federal Minister for [...]
Rs300bn New Taxation Measures
The Federal Board of Revenue (FBR) has drafted proposals of new taxation measures of nearly Rs300 billion to be enforced through the promulgation of the Tax Laws Amendments [...]
Govt Decides To Waive Demurrage
The Federal Government has decided to waive all demurrage and port charges of around 8000 containers stranded at the country’s ports. This was announced the Federal Minister for [...]
Pakistan Set To Meet Tough IMF Conditions
Pakistan is set to meet tough conditions set by the International Monetary Fund (IMF) to continue loan program under Extended Fund Facility (EFF). This was hinted by Minister [...]
FBR Creates New Office For Appeals
The Federal Board of Revenue (FBR) has created a new office of Commissioner Inland Revenue (Appeals-V), Islamabad, to expedite cases of appeals filed by the Islamabad-based big corporate [...]
84pc Of Total Customs Duty
Karachi, the port city of Pakistan, has contributed over 84 per cent of customs duty collected at national level during fiscal year 2021-2022, official documents revealed. The collection [...]
FBR Withdraws Tax Audit Notices
Federal Board of Revenue (FBR) has withdrawn tax audit notices to taxpayers, who were selected for audit once in last four years. Hyder Ali Dharejo, Chief Commissioner, Regional [...]
Civil Servants To Share Information
Federal Board of Revenue (FBR) has been empowered to share information of civil servants with commercial banks in Pakistan. In this regard, the FBR issued SRO 80(I)/2022 on February 01, [...]
Pakistan Customs Resolves
Pakistan Customs has resolved the classification of aluminum waste and scrap of auto parts in a reference sent by Collectorate of Customs Appraisement, Port Muhammad Bin Qasim, Karachi. [...]
Duty Free Imports Jump By 62.5pc
Duty free imports have jumped by 62.5 per cent on an annual basis, much higher growth comparing dutiable imports, Federal Board of Revenue (FBR) said in a report [...]
Under EFS Facilitation Of Exporters
The Federal Board of Revenue (FBR) has developed and launched various modules for facilitation of exporters under Export Facilitation Scheme (EFS). Export modules were rolled out at [...]
Inflation In December
Taxpayers filing annual tax returns after due date may not get status of active taxpayers until payment of surcharge to the Federal Board of Revenue (FBR). A taxpayer [...]
Late Filers May Not Get Active Taxpayer Status
Taxpayers filing annual tax returns after due date may not get status of active taxpayers until payment of surcharge to the Federal Board of Revenue (FBR). A taxpayer [...]
File Annual Tax Return After Due Date
Taxpayers still can file annual tax return for tax year 2022 after expiry of last date in order to avoid harsh action, including imprisonment, for violating the tax [...]
