Tax

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    VAT must for all port services: NBR

    Jasim Uddin | Updated at 11:12pm on December 30, 2017

    All port authorities of the country would have to deduct value-added tax at the rate of 15 per cent on charges and fees received from...

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    NBR forms committee to resolve dispute with insurance cos

    Jasim Uddin | Updated at 11:53pm on December 29, 2017

    Large taxpayers unit (value-added tax) of the National Board of Revenue has formed a committee to resolve disputes between the tax authority and the insurance...

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    NBR extends old BIN validity till March

    Staff Correspondent | Updated at 11:40pm on December 28, 2017

    The National Board of Revenue on Thursday extended the validity of manually issued 11-digit old business identification numbers (BIN) up to March 31 next year...

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    Gain AEO status by being compliant: NBR

    Staff Correspondent | Updated at 10:21pm on December 27, 2017

    The National Board of Revenue on Wednesday called upon businesses to prepare for gaining authorised economic operators or trusted traders status by being compliant with...

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    Tax offices asked to stop ‘blank order sheet signature’ practice

    Staff Correspondent | Updated at 11:34pm on December 26, 2017

    The National Board of Revenue has instructed its income tax offices not to take any signature from taxpayers and their authorised representatives on blank order...

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    NBR to start pilot AEO scheme with 2 local pharma cos

    Staff Correspondent | Updated at 11:38pm on December 24, 2017

    The National Board of Revenue would recognise two companies from pharmaceuticals sector as trusted traders under its authorised economic operator scheme scheduled to be launched...

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    NGOs must pay VAT on all fees since FY11: NBR

    Staff Correspondent | Updated at 10:49pm on December 23, 2017

    Non-government organisations would have to pay value-added tax on different types of fees including registration, renewal of registration, change of names and amendment of constitutions...

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    NBR may allow old BIN use till February

    Jasim Uddin | Updated at 11:30pm on December 20, 2017

    The National Board of Revenue might allow use of old business identification numbers (BIN) for two more months as many potential traders were yet to...

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    Shortfall in tax collection against target rising every month

    Jasim Uddin | Updated at 10:24pm on December 19, 2017

    Shortfall in revenue collection by the National Board of Revenue is widening every month although the tax officials are chasing to meet the ambitious collection...

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    Creating online income tax returns database in limbo

    Staff Correspondent | Updated at 11:02pm on December 17, 2017

    The process of creating an online database of income tax returns by the National Board of Revenue is facing obstacles as a large number of...

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