Business & Finance - Taxation

SEZs: incentive package may include tax relief, foreign ownership

SEZs: incentive package may include tax relief, foreign ownership

The incentive package for the Special Economic Zones (SEZs) may include corporate income tax/turnover tax exemption, 100 percent foreign ownership, no minimum investment requirement, and...

FBR designates Naveed Illahi as PD ‘PCSP 2019-24’

FBR designates Naveed Illahi as PD ‘PCSP 2019-24’

Federal Board of Revenue (FBR) has designated Naveed Illahi, Secretary Customs, as Project Director of 'Pakistan Customs Strategic Plan 2019-2024' (PCSP 2019-24) with immediate effect....

FBR establishes RSTMC to identify fake and flying invoices

FBR establishes RSTMC to identify fake and flying invoices

Federal Board of Revenue (FBR) has established Regional Sales Tax Monitoring Cell (RSTMC) to identify the cases involved in fake and flying invoices, fake transactions...

US imposes tariffs on EU goods

US imposes tariffs on EU goods

The United States imposed tariffs on a record $7.5-billion worth of European Union goods on Friday, earning a swift threat of retaliation by the EU....

Lebanon to tax calls on messaging apps

Lebanon to tax calls on messaging apps

Lebanon on Thursday announced a new tax on internet calls made through messaging applications, a move meant to boost the cash-strapped state's revenues but which...

Documentation a must for economic growth: IT commissioner

Documentation a must for economic growth: IT commissioner

Commissioner Income Tax Asim Majid Khan has said that documentation is a must for economic growth and cooperation of business community is of utmost importance. He...

Urdu website of FBR inaugurated

Urdu website of FBR inaugurated

Chairman Federal Board of Revenue (FBR) Syed Muhammad Shabbar Zaidi has inaugurated the Urdu website of the FBR. The Urdu version of website has been...

MCC Quetta breaks revenue collection record in 1Q20

MCC Quetta breaks revenue collection record in 1Q20

Model Custom MCC collectorate (Appraisement) broke all revenue collection record by collecting Rs6.716 billion during first fiscal quarter of financial year 2019-20. According to revenue...

ATIR benches not fully functional: Billions of rupees stuck in appeals against FBR

ATIR benches not fully functional: Billions of rupees stuck in appeals against FBR

The government revenue to the tune of billions of rupees is stuck up in appeals filed by taxpayers against the Federal Board of Revenue (FBR)...

DGABI’s ability to combat benami menace has come into question

DGABI’s ability to combat benami menace has come into question

Since its establishment three months ago, Directorate General Anti-Benami Initiative (DGABI) has filed only one reference against benami property out of 183 investigations, according to...

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