News stories for Sohail Sarfraz

Sohail Sarfraz

Business & Finance

Tax appeals: ATIR rules provide for separate procedure: bench

A full bench of the Appellate Tribunal Inland Revenue (ATIR) Islamabad has highlighted that Appellate Tribunal Inland Revenue Rules, 2010 have vividly provided separate procedure for filing and hearing of main appeal as well as filing and disposal of stay

Published 19 Jan, 2020 12:00am

FBR can adopt Indian taxmen's pattern

Federal Board of Revenue (FBR) and Directorate of Intelligence and Investigation Inland Revenue (IR) can alert it's field formations to check sales tax frauds by jewellers community on the pattern of multi-million tax evasion committed by a racket of jewe

Published 19 Jan, 2020 12:00am

Business & Finance

'FBR chief should be from Customs or IRS'

One of the Federal Board of Revenue's (FBR) committees on restructuring of the Board has recommended that the FBR chairman should be from Pakistan Customs or Inland Revenue Service (IRS). The Islamabad-based consultative committee has finalized its recomm

Published 18 Jan, 2020 12:00am

Business & Finance

Most of Islamabad shops selling smuggled goods: RTO survey

A survey conducted by Regional Tax Office (RTO) Islamabad along with customs department revealed that most of the outlets/shops in the federal capital are involved in selling smuggled goods under the cover of imported items and they are directed to displa

Published 18 Jan, 2020 12:00am

New tax laws: FBR explains GST/FED-related amendments

The government has imposed penalties and punitive actions for not printing retail price with sales tax on retail items and bringing exempted goods from "tax-exempt areas" of Azad Jammu and Kashmir, Gilgit-Baltistan and erstwhile tribal areas into tariff a

Published 18 Jan, 2020 12:00am

Unregistered persons: FBR unveils STGO regarding supply curbs

The Federal Board of Revenue (FBR) Thursday conveyed to entire manufacturing sectors/industries that the threshold limit of supplies made by manufactures to unregistered persons of Rs 10 million per month/Rs100 million per year under Tax Laws (Second Amen

Published 17 Jan, 2020 12:00am

PM to announce concessions on January 20: Traders to begin complying with CNIC condition from February 1?

As the government has accepted traders' demands and Prime Minister Imran Khan is scheduled to formally announce concessions at the traders' convention to be held on January 20, traders would comply with the condition of CNIC from February 1, 2020.

Published 16 Jan, 2020 12:00am

Customers' assets: Brokers must meet AML, CFT requirement: SECP

The Securities and Exchange Commission of Pakistan (SECP) Tuesday conveyed to the brokers' community that the new brokers' regime aims to ensure that custody of customers' assets is only allowed to brokers with sufficient capacity to meet the requisite le

Published 15 Jan, 2020 12:00am

FBR explains how importers can supply items to markets

Federal Board of Revenue (FBR) on Tuesday allowed importers to freely supply imported retail items in the domestic markets in cases where importers have intimated the commissioners about undertakings to print the retail price within 10 days of release/cle

Published 15 Jan, 2020 12:00am

Business & Finance

July-December revenue collection: RTO Islamabad registers 32 percent growth

Regional Tax Office (RTO), Islamabad has registered growth of 32 percent in collection of Inland Revenue Taxes during July-December (2019-20) with major focus on market survey of the federal capital, registration of retailers and other trading sectors, en