News
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Parmalat sues former auditors Deloitte and Grant Thornton for $10 Billion
Parmalat sued its former auditors, Deloitte & Touche and Grant Thornton, on Wednesday, claiming damages of at least $10 billion…
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Drawback on footwear reduced
ISLAMABAD (August 18 2004): The Central Board of Revenue (CBR) has reduced duty drawback on export of leather and synthetic…
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BDO partner suspended for standards neglect
An auditor in an Australian chartered accountants firm has been suspended for twelve months after ignoring important audit standards, the…
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No 'special tax year' for cotton-textile sector
ISLAMABAD (August 17 2004): On persistent demand of cotton ginners and cotton textile companies, the Central Board of Revenue (CBR)…
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CBR to issue amended rules for CARE implementation
ISLAMABAD (August 15 2004): The Central Board of Revenue (CBR) has decided to issue amended rules and notifications for the…
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Foreign investors approach CBR for advance ruling
ISLAMABAD (August 17 2004): Six foreign investors have approached Central Board of Revenue (CBR) for obtaining 'advance ruling' on income…
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Sales tax collectors asked to ensure correct payment
ISLAMABAD (August 06 2004): The Central Board of Revenue (CBR) has directed all the collectors of sales tax to monitor…
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Retailers may pay sales tax at 10 percent value-addition
ISLAMABAD (August 10 2004): The Central Board of Revenue (CBR) announced here on Monday that retailers have been given the…
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Employers allowed tax adjustments in salaries
ISLAMABAD (August 10 2004): To facilitate salaried class, the Central Board of Revenue (CBR) has allowed employers to make adjustment…
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CBR outlines use of goods declaration copy
ISLAMABAD (August 10 2004): The Central Board of Revenue (CBR) has announced that goods declaration (GD) copy for importer/exporter could…