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 Suspension period: tax officials eligible for special allowance Equipment import: FBR rejects film industry demand for duty waiver SECP disapproves restructuring move of KSE board by members 60 states to lobby UN for currency transaction tax ST exemptions cover most important sectors: FBR briefs RCG Tax exemption to PIA: RRA-KLTU row ends Ghulam Ali Pasha acting Sindh chief secretary 'Agility' ready to sell PaCCS to FBR Sugar price skyrocketing: FBR gets nothing in form of sales tax Some sugar mills of Punjab: audit detects cases of ST short, non-payment Flood tax on imports and income likely Amending tax return for bonus applicability: FBR receives suggestions from CA firms FBR collects Rs 87 billion till August 30 Over 3,000 customs rebate cases pending in Peshawar Income statements and returns date extended to September 30 ST target may be reduced CGT on stock exchanges: new rules to clarify certain concepts China exempts consumption tax for some fuel oil in 2010 SECP comes to Karachi Stock Exchange’s rescue Profit after tax of Service Industries increases FBR collects Rs 84 billion till August 28 World Bank review mission to visit FBR from September 14-28 Multinational companies, others: distributors reluctant to pay one percent turnover tax Keeping filter rod production record: FBR decision widely hailed Proposal to impose ‘flood surcharge’ shelved US issues proposals on foreign bank tax reporting ANP, economists oppose proposed imposition of flood surcharge FBR reviews progress on accession to international customs conventions Taxpayers' record: external auditors asked to rely on e-data FBR seeks documents from oil marketing companies Two new RTOs set up to collect WHT, broaden tax base Distributors propose reduction in income tax to 0.1 percent Payments from USAID under FARA: Wapda seeks exemption from customs duty Collection of ST on services: new formula on the anvil FBR finalises modalities for capital gains tax Buyers/suppliers invoices summaries: manufacturers distributors to provide details Capital Gains Tax Draft Rules: KSE to send suggestions to FBR in a day or two Obtaining phytosanitary certificates: FBR to provide online connectivity to Minfa IR Appellate Tribunal: Eight 'Accountant Members' appointed Less than 1.5 percent of population file tax returns: FBR informs Finance Ministry Steel pipe manufacturers approach FBR: Customs notices for recovery Hajj tour operators told to pay Rs 1,600 income tax per pilgrim Centre, Sindh yet to resolve GST issue: Bengali Only Rs 59 billion revenue collected so far in August Duty-free clearance relief goods No agreement on GST introduction from October 1 ‘Gains on sale or redemption of investment units liable to CGT’ To raise money for flood victims: government should reallocate Rs 15.9 billion workers fund Cigarette makers to compile filter rods production and sales data Income tax return to be filed on old form Duty-free imports: FBR Customs Wing seeks to outsource study Imported as waste paper scrap: Rs 5.29 million worth aluminium foil seized Imported relief goods: authorities directed to ensure clearance To broaden tax net, encourage compliance: RCG starts collecting data of various sectors FBR appointment CDA decides to increase property and water tax Discussions on draft CGT rules: FBR-KSE meeting on Thursday FBR may reduce CGT target Supplies by some potential sectors: three percent sales tax deduction proposed 14.5 percent rise in tax collection Expeditors Refund System: exporters not claiming refund due to misconceptions Taxes exemption on goods supplied to donors, NGOs AOPs, individuals: FBR decides to withdraw income tax return forms Replacement of Agility's PaCCS: FBR starts evaluating world's reputed clearance systems 30 steel-pipe makers issued show-cause notices Duty on CKD kits may be slashed: government may allow four-year old cars' import Improving WHT collection: FBR presents new plan to Finance Ministry Fulfilment of objectives FTAs: FBR starts evaluation exercise Karachi LTU asked to initiate audit of 100 manufacturing units: financial irregularities detected Six percent WHT on services to create problems for taxpayers Duty exemptions on 700 items being reviewed Filing income tax returns: confusion persists as deadline nears Pakistan Customs Tariff headings: duty relief on non-eligible items to go Transit Transport Agreement not yet ratified by Iran government Greece turns to home videos to curb tax evasion France mulls VAT hikes on telecom services Approved Finance Act, 2010 Commentaries on changes made in Income Tax, Sales Tax and Federal Excise Laws have been uploaded and available in Commentary section of Budget 2010.
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Finance Bill, 2010
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Provincial Budget 2010-2011 - Updates
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