Business & Finance - Taxation

Karachi RTO sheds light on e-filing of IT returns

Karachi RTO sheds light on e-filing of IT returns

The Federal Board of Revenue (FBR) is poised to give maximum facilitation to small traders in order to resolve their grievances. Speaking at a training workshop...

Tax-related issues: FBR to hold weekly meetings with exporters, ministries’ representatives

Tax-related issues: FBR to hold weekly meetings with exporters, ministries’ representatives

The Federal Board of Revenue (FBR) has decided to hold weekly meetings with exporters and representatives of ministries of commerce, industries and textile to resolve...

FBR wing raids unregistered RO plants in Faisalabad

FBR wing raids unregistered RO plants in Faisalabad

The Directorate of Intelligence & Investigation (IR) Faisalabad Tuesday conducted raids on the manufacturing/business premises of two unregistered units engaged in manufacturing and sale of...

Imported containers: APCAA angry over restriction of recording weight

Imported containers: APCAA angry over restriction of recording weight

All Pakistan Customs Agents Association (APCAA) has expressed resentment over the restriction of recording weight for all types of imported containers imposed by Directorate Risk...

Tax paid against exempted agriculture income: FBR must implement IT-based solution to verify claims: President

Tax paid against exempted agriculture income: FBR must implement IT-based solution to verify claims: President

President Arif Alvi has directed the Federal Board of Revenue (FBR) to implement an IT-based solution whereby all claims of tax paid by FBR's taxpayers...

Illegal gold trade: President confirms FTO advice for inquiry

Illegal gold trade: President confirms FTO advice for inquiry

President Arif Alvi has confirmed the recommendation of Federal Tax Ombudsman (FTO) that the Federal Board of Revenue (FBR) and Federal Investigation Agency (FIA) will...

Saudi Arabia’s new 100 percent shisha tax sparks fury

Saudi Arabia’s new 100 percent shisha tax sparks fury

A decision to impose a 100 percent tax on bills at restaurants that serve shisha has ignited criticism on social media in Saudi Arabia, where...

China seeks WTO okay for $2.4bn tariffs on US goods

China seeks WTO okay for $2.4bn tariffs on US goods

China will ask the World Trade Organization for permission to impose tariffs on $2.4 billion worth of US goods as compensation in a dispute that...

FBR Inland Revenue: MLI sessions held for capacity building of IRS officers

FBR Inland Revenue: MLI sessions held for capacity building of IRS officers

Mutual Learning Initiative (MLI) has been started by Aftab Imam, Chief Commissioner Inland Revenue, Corporate Regional Tax Office, Karachi, for capacity building of Inland Revenue...

Imported containers: Recording of weight declared mandatory

Imported containers: Recording of weight declared mandatory

Directorate of Risk Management (DRM) of Pakistan Customs has declared recording of weight for all types of imported containers mandatory by terminal operators and off...