Pak Customs Business Web Portal
Useful information for businessmen
The federal cabinet on Tuesday approved the Pakistan budget for the year 2014-15, with a total outlay of Rs. 3.945 trillion, and a Public Sector Development Programme allocated at Rs. 525billion. Finance Minister Ishaq Dar told parliament on his budget speech that he aimed to reduce the budget deficit to 4.9 per cent of economic…
Pakistan Budget 2014-15 is now very close to announce. Increase in Govt Employees Salaries in Budget 2014-15 is expected. Please visit https://pakcustoms.com/pakistan-budget/pakistan-budget-2014-2015/ for updates regarding upcoming Pakistan Budget which is expected to announce in the first week of June 2014.
Feb 19, 2014 Federal Board of Revenue has controverted a news item appearing in certain National Dailies. It has been alleged in the news that FBR has indiscriminately sent SMS messages to large number of persons requiring them to file their returns for the last five years. FBR has clarified that the SMS messages has…
The official Spokesman FBR has clarified that the reports appearing in various sections of the Press including daily “The News” and “Jang” regarding non-filing of Income Tax Returns by Hon’able Speaker, National Assembly, Sardar Ayaz Sadiq are not based on facts. It is further stated that Hon’able Speaker, National Assembly, Sardar Ayaz Sadiq has regularly…
It is clarified that the Secretary Finance and the Chairman FBR were summoned by the PAC on 01.01.2014. The FBR did not make any statement before the PAC but only responded to some very specific questions that were asked by the PAC. One of the questions was that whether it is a fact that the…
In connection with the news item published in the national press regarding tax payment by the parliamentarians, the issue was discussed in the PAC meeting today which was attended by the Secretary Finance and Chairman FBR along with his team. The PAC members expressed annoyance on the reports appearing in the press that they are…
The official spokesman of the FBR has clarified that reports circulating in various sections of the Press regarding discrepancies in the tax declarations of the parliamentarians are not released by FBR. Reports have recently surfaced in the Press wherein it has been claimed that the income and tax declared by various Parliamentarians were contradicted by…
FBR has received about 800,000 returns of income/statements till 16-12-2013, which are considerably more than the 711,000 returns/statements received last year. In this way, a positive response to the taxpayer facilitation efforts of the government has been witnessed. The number of returns filed this year will further increase, as an appreciable number of income tax…
Read More “Improvement in filing of Income Tax Returns witnessed” »
Federal Board of Revenue has collected Rs 169 billion during the month of November, 2013 as against Rs 140 billion collected during November 2012, showing an increase of 21 % over the same period during last year. Target for the month of November, 2013 was fixed at Rs 167 billion which has been achieved. Tax…
The salaried individuals are informed that on 25.11.2013 the honourable Supreme Court of Pakistan has suspended the judgment of the honourable Sindh High Court that was announced in C.P NO.D-2342/2013 dated 25.10.2013. The FBR has filed a CPLA before the honourable Supreme Court against the judgment of the Sindh High Court. The effect of the…