ISLAMABAD ( BMZ REPORT ) The Competition Commission of Pakistan (CCP) has issued a Policy Note to the Federal Board of Revenue (FBR) to eliminate discrimination meted out to some market players of the steel industry by imposing different sales tax rate and has recommended that this discrimination be removedRead More →
ISLAMABAD ( MEDIA REPORT ) Tax returns filing witnessed a decline of eight per cent in 2015 from a year ago despite several extensions in the deadline. The number of tax filers reached 690,000 till Jan 2, 2016 as against 750,000 returns filed in the corresponding period last year. OfficialRead More →
ISLAMABAD ( BMZ REPORT ) Recognizing the immense importance of e-Commerce for the economic growth of the country Ms Anusha Rahman, Minister of State for IT and Khurram Dastagir Khan, Minister for Commerce committed to expediting the much needed E-commerce framework at the earliest. The need for a fully committedRead More →
ISLAMABAD ( ABRAR MUSTAFA ) Munawar Iqbal, Chairman Pakistan Computer Association (PCA), presiding over a meeting of the Association in Islamabad, has emphasized the need to rationalize the existing tax structure in the country to generate additional revenue in the government tax next. Meanwhile, the Federal Board of Revenue (FBR)Read More →
ISLAMABAD ( MEDIA ) Demanding the status of industry for the telecom sector, the cellular companies has asked the government to withdraw increased rate of Customs duty on imported machinery and abolish collection of registration on activation of phone sets introduced in the Finance Bill 2014-15. “If the government didRead More →
ISLAMABAD ( MEDIA ) The government has introduced procedural amendments in tax laws through the Finance Bill 2014 to improve tax compliance. Official documents show the government has exempted from income tax the receipt of Pakistan Telecommunication Authority’s (PTA) income regarding the sale of spectrum licences. The News reported. An amendmentRead More →
ISLAMABAD ( ABRAR MUSTAFA ) Pakistan Computer Association (PCA) Thursday held a protest demonstration in Federal capital against the persistent harassment inflicted upon the legitimate commercial importers in computer industry by FBR’s Intelligence & Investigation Wing of Inland Revenue. Pakistan Computer Association (PCA) has said that FBR in this regard hasRead More →
ISLAMABAD ( MEDIA ) The Directorate General of Investigation and Intelligence of Inland Revenue, Federal Board of Revenue Board (FBR), Karachi has arrested accountant Babar Sultan of QMobile for committing tax evasion. The raids were being made to arrest Zeeshan Akhtar, the chief of QMobile. Flare reported on Friday. TheRead More →
ISLAMABAD ( BMZ REPORT ) Pakistan Computer Association has expressed grave concerns over the reported act of harassment by FBR’s Intelligence & Investigation Wing of Inland Revenue, against the entire commercial importers of Information Technology. Pakistan Computer Association (PCA) has said that FBR in this regard has claimed that the agencyRead More →