Economic and Finance News
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Textile units sales tax refund claims to be verified
ISLAMABAD (July 25 2005): The Central Board of Revenue (CBR) has decided to issue sales tax refund to textile sector…
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CBR to devise withholding tax agents registration system
ISLAMABAD (July 25 2005): The Central Board of Revenue (CBR) has decided to devise a 'centralized registration system of withholding…
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100 percent waiver on taxes clearance by July 31
ISLAMABAD (July 24 2005): The Central Board of Revenue (CBR) has given 100 percent waiver of fine/additional tax, penal surcharge…
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State Bank guidelines for infrastructure financing
KARACHI (July 24 2005): The State Bank of Pakistan, after consultations with various stockholders, has formulated guidelines for banks and…
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Drive to broaden tax base from August 1
ISLAMABAD (July 23 2005): The Central Board of Revenue (CBR) will shortly launch a countrywide drive to broaden the tax…
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PPL files appeal against collector's decision
LAHORE (July 24 2005): Pakistan Petroleum Limited (PPL) has challenged the decision of the Collector (Adjudication) Hyderabad, declaring company's move…
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Sales tax amnesty extended to July 31
ISLAMABAD (July 23 2005): While giving another opportunity to the taxpayers to clear their outstanding dues, the Central Board of…
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CBR notifies new income tax return forms
ISLAMABAD (July 23 2005): To encourage voluntary compliance by the business community, the Central Board of Revenue (CBR) has notified…
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Fifo to be adopted in sales tax refunds
ISLAMABAD (July 23 2005): The Central Board of Revenue (CBR) has conveyed to the exporters that the policy of 'First…
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Duty-free fabrics import to be stopped
ISLAMABAD (July 21 2005): The Central Board of Revenue (CBR) has decided to amend the ''Temporary Importation Scheme'' to stop…
