News
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Redundant provisions in ITO 2001 related to dividend tax to be deleted
ISLAMABAD (June 09 2008): The Federal Board of Revenue (FBR) is likely to amend the Income Tax Ordinance 2001 in…
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New sales tax return not workable: Sales Tax Bar Association
KARACHI (June 09 2008): The proposed new sales tax return, being implemented from coming budget, is not workable and could…
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FBR may remove procedural flaws in EOUs and SME rules
ISLAMABAD (June 09 2008): The Federal Board of Revenue (FBR) is likely to remove procedural flaws in the Export-Oriented Units…
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Current tax regime to fetch more revenue than CGT: KSE managing director
KARACHI (June 05 2008): The government's decision to retain the current tax regime for capital markets will contribute more revenue…
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Raise in withholding tax on cash withdrawal likely
ISLAMABAD (June 05 2008): The government is likely to withdraw 'time-bound exemptions,' substantially reduce income tax exemptions; raise withholding tax…
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CGT exemption extended to 2010, no change in CVT
KARACHI (June 04 2008): The government has agreed to extend exemption of Capital Gain Tax (CGT) on listed shares to…
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Helen Brand appointed as New Chief Executive of ACCA
Helen Brand, 43, has been appointed as the new chief executive of ACCA (Association of Chartered Certified Accountants). Currently the…
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ACCA and PTCL join hands to cultivate professional talent
Islamabad – ACCA (Association of Chartered Certified Accountants) Pakistan hosted a ceremony at the Serena Hotel on Wednesday to certify…
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SBP, ICAP to help implement IFAS-2
KARACHI: The State Bank of Pakistan (SBP) on Monday organised a seminar on ‘Murabaha and Ijara Accounting Standards’ to develop…
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No withholding tax deduction for making payments to banking companies
ISLAMABAD (March 01 2008): There is no requirement in the Seventh Schedule (banking schedule) of the Income Tax Ordinance 2001…