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Sohail Sarfraz

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PBA seeks reduction in tax rate on banks

Pakistan Banks Association (PBA) has proposed reduction in tax rate on banks from 35 percent to 29 percent, reduced rate of minimum tax of one percent, withdrawal of super tax, compensation on monthly advance tax payment and uniformity in Federal Excise D
Published 01 May, 2020 12:54am
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FBR HQ shut following detection of corona case

The Federal Board of Revenue (FBR) headquarters building here was closed on Wednesday after a coronavirus positive case was detected among one of its officials. However, an official told BR that the building has not been sealed. Sanitization work will con
Published 30 Apr, 2020 12:07am
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Full-fledged functioning of NTC may take some time

The full-fledged functioning of the National Tax Council (NTC) may take some time due to the partial lockdown, and outbreak of the coronavirus, as the council has the mandate for harmonization of the GST on both goods and services among Center and the pro
Published 28 Apr, 2020 11:42pm
Business

FBR arm seizes Rs 887 million smuggled goods in March-April 24

In line with the vision of Prime Minister Imran Khan to curb the menace of smuggling, the Federal Board of Revenue (FBR) Customs Region (North) seized goods worth Rs887 million during the period March-April 24, 2020, which is 333 million (60 percent) more
Published 28 Apr, 2020 12:54am
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SMEs: Special tax incentives likely

The government is expected to grant special tax incentives to the small and medium enterprises in coming budget (2020-21) to facilitate estimated 5.2 million enterprises affected due to Coronavirus outbreak and partial lock down.
Updated 26 Apr, 2020 05:08am
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Commissioners told to justify deferment of refund claims

The Federal Board of Revenue (FBR) Friday expressed serious displeasure over the deferment of genuine sales tax refund claims of exporters by field formations and directed the chief commissioners to give explainable reasons with evidence to justify deferm
Published 25 Apr, 2020 06:43am
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Organic Meat Co allowed to publish details of IPO share

The Securities and Exchange Commission of Pakistan (SECP) has approved the application of M/s Organic Meat Company Limited to issue, circulate and publish the prospectus for initial public offering (IPO) of company's shares in the stock exchange.
Published 24 Apr, 2020 02:52am