News
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Two amnesty schemes likely in budget
ISLAMABAD (June 04 2005): The Central Board of Revenue (CBR) will announce an amnesty scheme for the business community in…
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ICAP submits budget proposals
KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) has suggested to Central Board of Revenue (CBR) that in order…
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Proposal to cut in CED on beverages rejected
ISLAMABAD (May 09 2005): The Central Board of Revenue (CBR) has turned down a proposal of beverage industry to reduce…
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Sales tax recovery drive against sugar mills launched
ISLAMABAD (May 09 2005): Central Board of Revenue (CBR) Chairman M Abdullah Yusuf has directed the sales tax department to…
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CBR to abolish outdated laws
ISLAMABAD (May 08 2005): To abolish old and redundant tax laws, the Central Board of Revenue (CBR) will withdraw the…
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SAFA conference concludes in Karachi
KARACHI, May 7: The two-day conference of South Asian Federation of Accountants (SAFA) concluded at a local hotel on Saturday.…
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Drive against defaulting textile suppliers launched
KARACHI (May 06 2005): The Sales Tax Collectorate has launched a drive against 7000 textile suppliers in Karachi, for not…
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Duty on import of construction industry tools slashed
ISLAMABAD (May 06 2005): The Central Board of Revenue (CBR) has slashed customs duty on the import of tools and…
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Zero sales tax to be charged on 12 textile raw materials
ISLAMABAD (May 06 2005): The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on…
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Income tax exemption for Micro Finance Banks demanded
KARACHI: First Micro Finance Bank (FMFB) has suggested waving off income tax on profit of Micro Finance Banks (MFBs) in…
