Federal Board of Revenue (FBR) has decided to review its decision of imposing Rs. 1000 tax on smartphones which it enforced in the first week of April 2013. According to latest reports, a meeting between FBR officials and representatives of mobile … [Read more...]
The Federal Tax Ombudsman (FTO) has taken notice of the Federal Excise Duty (FED) and Sales Tax (ST) being charged on prepaid cards by the telecom operators. FTO has issued orders to the Federal Board of Revenue (FBR), the Inland Revenue Service … [Read more...]
The Securities and Exchange Commission of Pakistan (SECP) has created an online eServices filing facility in order to manage the documents more easily and efficiently. SECP has further ordered to all the listed companies to file returns, … [Read more...]
The government should encourage Federal Board of Revenue (FBR) Pakistan to generate revenue from more legal means on luxury items instead of pointing all its guns at the auction of 3G spectrum. One of the most lucrative and tax evasive business is … [Read more...]
In a strange move, Federal Board of Revenue has decided to tax Google and all its advertising activities in Pakistan as revealed by FBR's fan page on Facebook. In this regard, the officials of FBR has been tasked to figure out the way to access … [Read more...]
The telecom sector has released a joint statement refuting recent reports issued in the media that have supported the NAB's allegations of non-deposit of Sales Tax on interconnection charges over the last five years. The statement was issued … [Read more...]
Followed by Indian Telecommunication corruption scandals, Pakistani telecom sector seems to be experiencing similar situation where everyone appears to be involved in order to safeguard each other's interest. Last week, Senator Zahid Khan had … [Read more...]
Collectively, five cellular operators in Pakistan are collecting some Rs. 42 billion per month in the form monthly billing and pre-paid card balance on average that becomes Rs. 504 billion for the year 2010-11. The revenue includes prepaid as well as … [Read more...]
