News
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Lancer Corp. auditor KPMG quits during SEC probe
The accounting firm that audits the books at Lancer Corp. has quit and plans to withdraw three years' worth of…
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Revenue Board to assess withholding tax on imported goods
ISLAMABAD (January 30 2004): The Central Board of Revenue (CBR) would assess withholding tax on the imported goods on the…
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IPPs can file sales tax returns up to 25th of every month
ISLAMABAD (January 30 2004): Fulfilling a major demand of independent power producers (IPPs), the government has extended date of filing…
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50 new services to be brought into GST net
ISLAMABAD (January 31 2004): Taking into account suggestions/identification of all four provinces, the federal government is preparing a list of…
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Sales Tax Refund Rules 2004: Revenue Board seeks business community views
ISLAMABAD (January 31 2004): The CBR will circulate new Sales Tax Refund Rules-2004, to all federations of chambers of commerce…
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AGP wing to check 85 percent audited units
KARACHI (February 02 2004): The Revenue Receipt Audit (RRA) wing of the Auditor-General of Pakistan will check audit of 85…
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Firms with excessive sales tax refund claims to be audited
ISLAMABAD (February 29 2004): The Central Board of Revenue (CBR) has decided to conduct audit of registered people with low…
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Section 73 of Sales Tax Act in abeyance till June 30
KARACHI (February 29 2004): The provisions of Section 73 of Sales Tax Act 1990 will remain in abeyance till June…
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Banks and DFIs told to sign fidelity declarations
KARACHI (January 30 2004): State Bank has observed that most of the banks and development financial institutions were not following…
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SBP terminates FCEF facility
KARACHI (January 30 2004): The State Bank on Thursday terminated the facility of Foreign Currency Export Finance (FCEF) with immediate…