Tax

FBR to monitor banking transactions that exceed the advertised income to ensure tax compliance – Trendy Blogger

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FBR to monitor banking transactions that exceed the advertised income to ensure tax compliance – Trendy Blogger

Islamabad: The federal government decided to intensify the audit of individuals who participate in financial transactions that exceed their declared income, with the Federal Revenue Council leadership (FBR) initiative. FBR Malik Amjed Zubair Tiwana President of the Permanent Committee of the National Finance Association, headed by Syriaed Qamar, told banks that the banks will help … Read more

PTA urges consumers to verify the state of mobile phone tax before purchase – Trendy Blogger

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PTA urges consumers to verify the state of mobile phone tax before purchase – Trendy Blogger

The Pakistani Communications Authority (PTA) advised consumers to verify the tax payment status of mobile devices before purchase to ensure compliance with the Federal Revenue Council regulations (FBR) and avoid potential service disturbances. The consultant, which was issued on Friday, stressed that mobile devices must be registered under the appropriate computerized national identity card (CNIC) … Read more

PTBA FBR urges to create a fully -energy tax office in GWADAR – Trendy Blogger

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PTBA FBR urges to create a fully -energy tax office in GWADAR – Trendy Blogger

The Pakistani Lawyers Association (PTBA) has called on the Federal Revenue Council (FBR) to establish a fully operating tax office in Gawadr, noting the increasing economic importance of the city and the need to improve the mechanisms of tax compliance. Fazal Fazraz, a senior sales tax expert, confirmed that PTBA representatives discussed the matter with … Read more

FBR ends the demand for a sales tax worth 18.21 billion rupees against MILAT tractors – Trendy Blogger

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FBR ends the demand for a sales tax worth 18.21 billion rupees against MILAT tractors – Trendy Blogger

The Federal Revenue Council ended the demand for a sales tax worth 18.21 billion rupees against Millat Tractors LTD after an investigation began to see the presidential directives. According to the details, the case is related to the investigation by FBR in the alleged evasion of sales tax by MILAT tractors under Benami laws. The … Read more

Volkswagen India is paid to cancel the “massive tax demand” on “$ 1.4 billion” – Trendy Blogger

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Volkswagen India is paid to cancel the “massive tax demand” on “$ 1.4 billion” – Trendy Blogger

New Delhi: Volkswagen filed a lawsuit against the Indian authorities to cancel the 1.4 billion dollars tax demand, on the pretext that I “ask” contradicts the tax rules for importing auto parts and will hinder the company’s action plans, the court papers appear. The Volkswagen Volkswagen India unit also told the Mumbai’s Supreme Court that … Read more

Punjab section to suspend vehicle records on an unpaid symbolic tax – Trendy Blogger

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Punjab section to suspend vehicle records on an unpaid symbolic tax – Trendy Blogger

The consumption and tax tax department has increased its suppression of the defaulters on the distinctive symbol tax, as General Manager Omar Sher Sherathha requested the suspension of vehicle records for those who fail to comply. According to media reports, Chatta has directed the seizure teams to reservations from the main stumbling vehicles and impose … Read more

LVMH The United States considers production a batch with a tax uncertainty in France – Trendy Blogger

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LVMH The United States considers production a batch with a tax uncertainty in France – Trendy Blogger

LVMH CEO has said in increasing its productive capacity in the United States. The company, which is mainly produced in France, runs three Louis Vuitton workshops and some jewelry making sites in the United States in the United States Arnault, the main shareholder in LVMH, said that the American authorities encourage more investment and that … Read more

Punjab unveils property tax reforms; Exemptions were provided for affordable housing – Trendy Blogger

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Punjab unveils property tax reforms; Exemptions were provided for affordable housing – Trendy Blogger

The Punjab Excise and Excise Department has unveiled significant reforms in the property tax system, aimed at enhancing transparency and uniformity, after Cabinet approval. Director General of Excise and Excise Omar Sher Shertha said the reforms include property tax assessments based on District Collector (DC) scale values ​​and exemptions for residential properties up to Rs … Read more

OCAC seeks to urgently intervene the Prime Minister on sales tax exemption and OMC marginalization issues – Trendy Blogger

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OCAC seeks to urgently intervene the Prime Minister on sales tax exemption and OMC marginalization issues – Trendy Blogger

Islamabad: The Consultative Council of Oil Companies (OCAC) urged Prime Minister Shahbaz Sharif to address two decisive issues that affect the oil sector in Pakistan: canceling the exemption from sales tax on petroleum products and delayed review of the margins of oil marketing companies (OMCS). OCAC stressed the urgent necessity to resolve these challenges to … Read more

Punjab expands property tax to include housing societies outside urban areas – Trendy Blogger

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Punjab unveils property tax reforms; Exemptions were provided for affordable housing – Trendy Blogger

Islamabad: Punjab has expanded its property tax collection system to include residential communities outside urban centres, marking the first time taxes have been imposed on such areas, according to tax department officials. Under the new framework, residents of government-approved housing societies will be required to pay property tax based on metropolitan rates. The Excise Tax … Read more