The Federal Board of Revenue (FBR) has announced major measures for checking the massive misuse of the Export Facilitation Scheme… Read More
FBR Increases Customs Value on Import of Desiccated Coconut
Directorate General of Customs Valuation Karachi has fixed new customs values ($1 per kg to $1.6 per kg) on the… Read More
All Taxpaying Importers Are Now Required to File Monthly Stock Returns
A leading sales tax expert stated that the requirement for the filing of stock statements and production data is extended… Read More
FBR Announces Tax Concessions on Items Imported from 7 Countries
The Federal Board of Revenue (FBR) has announced tariff concessions, from January 2025 on the import of items and finished… Read More
FBR to Cancel Licences of Customs Agents for Misdeclaration and False Statements
The Federal Board of Revenue (FBR) has decided to cancel the licences of customs clearing agents for violations like misdeclaration… Read More
Pakistanis Now Exempt From Tax on Rent and Capital Earned in UK and UAE
In a major development, resident Pakistanis would not be required to pay tax on rental income and capital gains in… Read More
SECP Sets New Performance Benchmarks for Collective Investment Schemes
The Securities and Exchange Commission of Pakistan (SECP) has issued a direction to set standardized performance benchmarks for Asset Management… Read More
FBR Implements Faceless Customs Assessment System at Karachi
Under the Transformation Plan, Federal Board of Revenue has implemented the Faceless Customs Assessment (FCA) System at Karachi. FCA is… Read More
FBR Removes New Baggage Rule on Items Worth Over $1200 From Website After Pressure
The Federal Board of Revenue (FBR) has removed Baggage Rules 2006 amendments from its website after facing back-breaking pressure from… Read More
FTO Orders FBR to Probe Officials For False Statements in Bank Attachment Case
Federal Tax Ombudsman (FTO) has ordered an investigation against Federal Board of Revenue’s (FBR) officers for false/misleading statements while submitting… Read More
SECP Significantly Increases Fees for Company Registration
The Securities and Exchange Commission of Pakistan (SECP) has massively raised fee for submission of documents by different categories of… Read More
FBR Revokes All Powers of Customs Intelligence and Investigations Directorate
The Federal Board of Revenue (FBR) has rescinded all Customs General Orders and instructions or directions pertaining to functions and jurisdiction… Read More
