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Sohail Sarfraz

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Benami Act will be made operational this week

Federal Board of Revenue (FBR) Monday announced that Benami Act will be made operational this week, empowering the government to confiscate all properties and bank accounts registered with a fictitious person. This was disclosed by FBR Member Inland Reven
Published 05 Feb, 2019 12:00am
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Benami Act will be made operational this week

Federal Board of Revenue (FBR) Monday announced that Benami Act will be made operational this week, empowering the government to confiscate all properties and bank accounts registered with a fictitious person. This was disclosed by FBR Member Inland Reven
Published 05 Feb, 2019 12:00am
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Foreign bank accounts: FBR likely to issue notices anytime soon

The Federal Board of Revenue (FBR) is in the process of establishing exact ownership of 160,000 foreign bank accounts purportedly owned by Pakistani nationals abroad through Organisation for Economic Co-operation and Development (OECD), it is learnt. Sour
Published 03 Feb, 2019 12:00am
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Foreign bank accounts: FBR likely to issue notices anytime soon

The Federal Board of Revenue (FBR) is in the process of establishing exact ownership of 160,000 foreign bank accounts purportedly owned by Pakistani nationals abroad through Organisation for Economic Co-operation and Development (OECD), it is learnt. Sour
Published 03 Feb, 2019 12:00am
Print

Foreign bank accounts: FBR likely to issue notices anytime soon

The Federal Board of Revenue (FBR) is in the process of establishing exact ownership of 160,000 foreign bank accounts purportedly owned by Pakistani nationals abroad through Organisation for Economic Co-operation and Development (OECD), it is learnt. Sour
Published 03 Feb, 2019 12:00am
Print

SECP directed to expedite steps to reduce over regulations

Securities and Exchange Policy Board Friday directed Securities and Exchange Commission of Pakistan (SECP) to expedite process of implementation of measures to reduce over-regulations as well as fee charged by the commission substantially.
Published 02 Feb, 2019 12:00am
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FBR issues new procedure for mobile devices imported illegally

The Federal Board of Revenue (FBR) has issued a new procedure for registration of mobile devices brought into Pakistan by international travellers and imported illegally through informal channels by local traders. The FBR has issued separate procedures fo
Published 30 Jan, 2019 12:00am
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Orders passed by president reversed by high courts

Office of the President of Pakistan has been accused of directing the Federal Board of Revenue (FBR) employees of filing further appeals and defend cases in higher judicial forums where orders passed by the President as appellate authority under Federal T
Published 28 Jan, 2019 12:00am
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Can non-filers purchase imported vehicles?

Tax experts have questioned whether the non-filers of income tax returns are now eligible to purchase imported vehicles, irrespective of engine capacity after amendment introduced in the Finance Supplementary (Second Amendment) Bill, 2019.
Published 27 Jan, 2019 12:00am
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Can non-filers purchase imported vehicles?

Tax experts have questioned whether the non-filers of income tax returns are now eligible to purchase imported vehicles, irrespective of engine capacity after amendment introduced in the Finance Supplementary (Second Amendment) Bill, 2019.
Published 27 Jan, 2019 12:00am
Print

Can non-filers purchase imported vehicles?

Tax experts have questioned whether the non-filers of income tax returns are now eligible to purchase imported vehicles, irrespective of engine capacity after amendment introduced in the Finance Supplementary (Second Amendment) Bill, 2019.
Published 27 Jan, 2019 12:00am
Print

Offshore assets: Amendment not amnesty scheme: Azhar

Minister of State on Revenue Hammad Azhar said Thursday that the amendment made in the Income Tax Ordinance 2001 through Finance Supplementary (Second Amendment) Bill, 2019 relating to the provisional assessment of offshore assets discovered is not an amn
Published 25 Jan, 2019 12:00am
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Offshore assets: Amendment not amnesty scheme: Azhar

Minister of State on Revenue Hammad Azhar said Thursday that the amendment made in the Income Tax Ordinance 2001 through Finance Supplementary (Second Amendment) Bill, 2019 relating to the provisional assessment of offshore assets discovered is not an amn
Published 25 Jan, 2019 12:00am
Print

Offshore assets: Amendment not amnesty scheme: Azhar

Minister of State on Revenue Hammad Azhar said Thursday that the amendment made in the Income Tax Ordinance 2001 through Finance Supplementary (Second Amendment) Bill, 2019 relating to the provisional assessment of offshore assets discovered is not an amn
Published 25 Jan, 2019 12:00am