News
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Jewellers exempted from past sales tax liabilities
ISLAMABAD (June 04 2004): The Central Board of Revenue (CBR) has given exemption of past sales tax liabilities, ie, prior…
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Sales Tax registration and de-registration to be carried out through TFCs
ISLAMABAD (May 31 2004): The sales tax registration and de-registration will be carried out through Taxpayer Education and Facilitation Centres…
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Contravention cases period to be reckoned from installation
ISLAMABAD (May 30 2004): The Central Board of Revenue (CBR) has announced that contravention cases would not be framed against…
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Dispute Resolution Complex to handle only tax adjudication cases
ISLAMABAD (May 31 2004): The Dispute Resolution Complex, Karachi, will exclusively deal with all the adjudication cases of customs, sales…
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Tax Ombudsman rules CBR circular as void
ISLAMABAD (June 01 2004): The Federal Tax Ombudsman, Justice Saleem Akhtar, has decreed that a circular of CBR regarding new…
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Transparent accounting, auditing systems vital for corporate governance: ICAB President
A positive approach towards ensuring transparency in accounting, auditing and reporting systems, and amending the Companies Act are crucial factors…
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India introduces online tax accounting system
India's finance ministry has introduced an online system for tax payments that are being collected by the Reserve Bank of…
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£150m bonanza for Shell auditors
Accountants who failed to spot Shell's massive overbooking of reserves were paid more than £150m in the past five years…
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State Bank allows market to increase PIB yields
KARACHI (May 29 2004): The State Bank of Pakistan has finally relented and allowed the market forces to determine the…
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SBP issues Master Circular for SLR
KARACHI (May 29 2004): The State Bank on Friday issued Master Circular containing consolidated instructions about Statutory Liquidity Requirement. In…
