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Sohail Sarfraz

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Import stage: FBR to revise valuation rulings: Shabbar

The Federal Board of Revenue (FBR) has decided to improve the valuation of imported goods through revised valuation rulings to increase revenue collection at import stage during September 2019. Sources are optimistic that the FBR will cross one trillion r
Updated 03 Sep, 2019 06:55am
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Yarn dealers liable to pay 0.1 percent minimum tax: ATIR

The Appellate Tribunal Inland Revenue, Karachi, has held that the registered yarn dealers are liable to pay minimum tax at the rate of 0.1 percent of their turnover instead of standard rate of minimum tax of one percent. It is learnt that a registered yar
Published 03 Sep, 2019 12:00am
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Yarn dealers liable to pay 0.1 percent minimum tax: ATIR

The Appellate Tribunal Inland Revenue, Karachi, has held that the registered yarn dealers are liable to pay minimum tax at the rate of 0.1 percent of their turnover instead of standard rate of minimum tax of one percent. It is learnt that a registered yar
Published 03 Sep, 2019 12:00am
Print

Import stage: FBR to revise valuation rulings: Shabbar

The Federal Board of Revenue (FBR) has decided to improve the valuation of imported goods through revised valuation rulings to increase revenue collection at import stage during September 2019. Sources are optimistic that the FBR will cross one trillion r
Published 03 Sep, 2019 12:00am
Print

Yarn dealers liable to pay 0.1 percent minimum tax: ATIR

The Appellate Tribunal Inland Revenue, Karachi, has held that the registered yarn dealers are liable to pay minimum tax at the rate of 0.1 percent of their turnover instead of standard rate of minimum tax of one percent. It is learnt that a registered yar
Published 03 Sep, 2019 12:00am
Print

Appellate Bench upholds SECP order against telecom companies

An Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has upheld an SECP order, issued against a telecom company, which imposed an aggregated fine of Rs 1,500,000 on the company/CEO and also directed company to stop payment of th
Published 02 Sep, 2019 12:00am
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Raw tea to be assessed on basis of average retail price: FBR

To facilitate tea manufacturers of famous brands, the Federal Board of Revenue (FBR) has exempted tea manufacturers from fixation of retail price of imported raw tea for the purpose of calculation of sales tax. The FBR has issued Sales Tax General Order n
Published 31 Aug, 2019 12:00am
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Raw tea to be assessed on basis of average retail price: FBR

To facilitate tea manufacturers of famous brands, the Federal Board of Revenue (FBR) has exempted tea manufacturers from fixation of retail price of imported raw tea for the purpose of calculation of sales tax. The FBR has issued Sales Tax General Order n
Published 31 Aug, 2019 12:00am