News
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No withdrawing of cases on plea for ADR process: CBR
ISLAMABAD (November 22 2005): In response to applications filed by taxpayers to take up their cases through Alternative Dispute Resolution…
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Reforms aims at raising tax-GDP ratio: Chairman CBR
KARACHI (November 22 2005): The Government wants a quantum jump in tax-to-GDP ratio by restructuring the tax policies, Chairman, Central…
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CBR not to sell confiscated POL items in open market
ISLAMABAD (November 21 2005): The Central Board of Revenue (CBR) has decided not to sell the confiscated petroleum products particularly…
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CBR allows duty-free import of 'PU leather'
ISLAMABAD (November 20 2005): The Central Board of Revenue (CBR) has restored duties- and taxes-free import of 'PU leather' (PCT…
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Freight subsidy scheme to be revised from January
ISLAMABAD (November 19 2005): The government has revamped the scheme for freight subsidy, being launched from January next year, by…
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PCAOB Has Harsh Words for PwC, E&Y Audits
Washington (Nov. 18, 2005) – The Public Company Accounting Oversight Board has released critical inspection reports for the audits of…
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SECP to evolve code of conduct for corporate sector service providers
KARACHI (November 17 2005): The Securities and Exchange Commission of Pakistan (SECP) will develop codes of conduct for service providers…
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Deloitte says study reveals missed cost savings from offshoring
Deloitte has said that a study conducted by the company revealed that financial services companies are capturing less than one-third…
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Retrospective tax recovery condition withdrawn
ISLAMABAD (November 15 2005): Fulfilling a major demand of foreign investors and corporate companies, the Central Board of Revenue (CBR)…
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Reduced rate of income tax to be deducted
ISLAMABAD (November 16 2005): The Central Board of Revenue (CBR) has announced that exporters would deduct the reduced rate of…