Finance
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Reduced rate of income tax to be deducted
ISLAMABAD (November 16 2005): The Central Board of Revenue (CBR) has announced that exporters would deduct the reduced rate of…
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Sales tax exemption period extended
ISLAMABAD (November 13 2005): The Central Board of Revenue (CBR) has given three months' extension to avail sales tax exemption…
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Customs Intelligence Directorate seeks more powers
ISLAMABAD (November 13 2005): Directorate General of Intelligence and Investigation, Customs and Excise, has sought more autonomy and powers from…
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CITs told to expedite refund claims
ISLAMABAD (November 11 2005): A Commissioner of Income Tax (CIT) has faced strict departmental action for creating hurdles in the…
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RCITs directed to ascertain withholding tax impact on cash withdrawals
ISLAMABAD (November 11 2005): The Central Board of Revenue (CBR) has directed all the Regional Commissioners of Income Tax (RCITs)…
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SBP wants CBR to follow Indian example: Sales tax on services sector
ISLAMABAD (November 10 2005): In India, sales tax from services has grown geometrically with 35 times increase since 1995, while…
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Independent assessment of unregistered retailers soon
ISLAMABAD (November 10 2005): The Central Board of Revenue (CBR) has decided to conduct “independent assessment” of unregistered retailers of…
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CBR to seek growth data from beverage firms head offices
ISLAMABAD (November 09 2005): The Central Board of Revenue (CBR) has decided to approach the head offices of the international…
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No sales tax return filing at bank without online service
ISLAMABAD (November 09 2005): The Central Board of Revenue (CBR) has decided to withdraw the facility of filing of sales…
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CBR clarifies Zero-rated sales tax facility
ISLAMABAD (September 19 2005): The facility of zero-rating of sales tax for five export sectors have encouraged the unregistered industrial…
