Tax

Mobile card tax suspension to cost national exchequer Rs123 bn

Mobile card tax suspension to cost national exchequer Rs123 bn

ISLAMABAD ;Supreme Court’s order pertaining to suspension of tax charges on mobile card will be applicable from today (Thursday) as users will be able to charge full amount on mobile top-up. According to sources of telecom industry, tax exemption for the mobile users will be applicable on all phone calls including prepaid, postpaid cards and […]

FBR suspends Shell Pakistan registration over tax evasion

FBR suspends Shell Pakistan registration over tax evasion

Karachi: Federal Board of Revenue’s (FBR) larger tax unit on Thursday suspended registration of Shell Pakistan for tax evasion of Rs 3 billion, After the cancellation of the registration, Shell Pakistan cannot do any business in the country. Shell Pakistan committed Rs 3 billion tax fraud to evade tax. According to FBR, Shell Pakistan was […]

FBR hands over Sharifs, Dar’s 20-year tax data to NAB

FBR hands over Sharifs, Dar’s 20-year tax data to NAB

News Desk The Federal Board of Revenue (FBR) has submitted former PM Nawaz Sharif, his family and Finance Minister Ishaq Dar’s last 20 years’ tax return data to the National Accountability Bureau (NAB). The graft watchdog has also acquired the details of bank accounts of the Sharif family from the State Bank of Pakistan and […]

Pakistan, OECD sign Multilateral Convention on Mutual Administrative Assistance in Tax Matters

Pakistan, OECD sign Multilateral Convention on Mutual Administrative Assistance in Tax Matters

Paris, September 14, 2016: Pakistan became a signatory today to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Senator Mohammad Ishaq Dar, Minister for Finance, Revenue and Economic Affairs signed the Convention along with Mr. Angel Gurria, Secretary General of the Organization for Economic Cooperation and Development (OECD) in a dignified ceremony […]