News
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CBR issues draft of new income tax forms and certificates
ISLAMABAD (May 28 2003) : To collect complete information from the taxpayers, the Central Board of Revenue (CBR) has circulated…
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Body headed by a chartered accountant to settle sales tax disputes
The Federal government has constituted a dispute resolution committee to remove genuine hardships of businessmen relating to sales tax. The…
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Ban on auditor/suppliers would create management headache for IT directors
A call by members of Parliament in the UK for accountancy firms to be banned from providing expensive IT systems…
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Large Taxpayer Unit to introduce electronic filing system from July 1
The Large Taxpayer Unit (LTU) is to introduce electronic filing system of income statements from July 1 to save time…
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Restaurants allowed power bill as input adjustment
The Central Board of Revenue (CBR) has allowed the registered restaurants to claim input tax adjustment on the electricity consumed…
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Next budget to check withholding tax evasion
The government has decided to take preventive measures in budget 2003-04 to check the illegal withholding tax exemption claims on…
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Tax system to be further simplified
Tax system would be further streamlined by the Central Board of Revenue (CBR) in order to remove ambiguities and simplify…
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ICAP chief's meetings with CAs in various cities
Institute of Chartered Accountants of Pakistan (ICAP) president Khaliq-ur-Rahman, accompanied by executive director Aslam Dossa, recently had a series of…
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Empowerment firm in South Africa sues Deloitte & Touche
Auditing firm Deloitte & Touche said on Monday it would defend a R200-million claim for damages by black empowerment company…
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Port Qasim storage capacity to rise by 30 percent
KARACHI (May 26 2003) : The storage capacity at Port Qasim is to increase by 30 percent as the Ministry…
