News
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CIRC turns down fresh valuation request
LAHORE, Aug 1: The Corporate and Industrial Restructuring Corporation (CIRC) is said to have refused to carry out fresh valuation…
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People enrolled prior to July 1, 2000 entitled to exemption from sales and additional taxes
ISLAMABAD (July 31 2003) : People registered/enrolled before July 1, 2000 would be entitled to exemption from the entire amount…
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SRO 372 amended: 30 pharma items get duty relief
ISLAMABAD (July 31 2003) : To attract investment in pharmaceutical industry, the Central Board of Revenue (CBR) has allowed concessionary…
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KPMG UK’s fraud barometer shows record level of fraud
More fraud cases have been recorded in the first half of 2003, than the whole of 2002. Fraud cases reached…
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DTT implicated in $1 billion suit
The bankruptcy trustee for United Companies Financial Corp., a mortgage lender and a darling of Wall Street that collapsed in…
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Customs collectors seek Revenue Board clarification in Duty and Tax Remission for Export rules
ISLAMABAD (July 30 2003) : The collectors of customs have raised ambiguities in the amended Duty and Tax Remission for…
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CBR to waive condition for sales tax refund claims: Garment-makers assured
KARACHI (July 30 2003) : The Central Board of Revenue (CBR) has agreed to withdraw the condition of submitting proof…
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Redrafted SRO 507 to exclude all 'trading items': taxpayers' grievances to be removed
ISLAMABAD (July 30 2003) : To give a major relief to the business community, the Central Board of Revenue (CBR)…
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New IIA chapter in Oman to promote professional auditing
The Institute of Internal Auditors (IIA) has formed its Oman chapter under the sponsorship of Oman Air. Oman Air aims…
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Oversight Board Proposes Rules for Auditors
The accounting industry's oversight board in USA yesterday proposed new rules for investigating and punishing auditors, and some members of…
