Finance
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New system for sales tax collection from food, drink suppliers
ISLAMABAD (June 11 2005): The Central Board of Revenue (CBR) has issued special procedure for collection of sales tax on…
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Special procedure for issuance of electronic sales tax invoices
ISLAMABAD (June 10 2005): To facilitate the business community, the Central Board of Revenue (CBR) has issued special procedure for…
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Remittance transaction: SBP directive to franchisees
KARACHI (June 10 2005): The State Bank of Pakistan in a circular on Thursday clarified that all franchisees, who have…
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CBR unveils concept of vehicle detention
ISLAMABAD (June 10 2005): The Central Board of Revenue (CBR) has empowered the Directorate General of Intelligence and Investigation, Customs…
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Record maintenance period for audit reduced
ISLAMABAD (June 10 2005): The Central Board of Revenue (CBR) has reduced the time period of record maintenance from 5…
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Cabinet disallows withholding tax on cars and CED on bank fees
ISLAMABAD (June 08 2005): The Cabinet did not approve 6 percent withholding tax on locally manufactured cars and 7.5 percent…
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Adjudication collectorates to be abolished
ISLAMABAD (June 08 2005): Central Board of Revenue (CBR) chairman Abdullah Yousuf said that the CBR has decided to abolish…
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Budget 2005-06: Capital gains exemption, tax cut boon for capital market
KARACHI (June 07 2005): The government's decision to allow tax exemption to insurance sector, abolition of customs duty on imports…
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Budget 2005-06: Income tax rates reduced for salaried class
ISLAMABAD (June 07 2005): The Federal Government has reduced the income tax for salaried persons where the income chargeable under…
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Budget 2005-06: Duty on 1,870 items reduced, 16 enhanced
ISLAMABAD (June 07 2005): The government has reduced customs duty on the import of 1,870 items and duty on 16…
