KARACHI: Transactions made through mobile phone banking recorded a surge of 138 per cent to Rs2.16 trillion during the first quarter (July-September) of the current fiscal year, according to the payment system review issued by the State Bank of Pakistan. The transactions worth Rs908 billion were made during the same quarter of the last fiscal … Read more
KARACHI: The Corporate Tax Office (CTO) Karachi has launched a crackdown against individuals and companies involved in the sales tax evasion, sources said on Thursday. The CTO Karachi is a major revenue collection arm of the Federal Board of Revenue (FBR) and has jurisdiction over corporate retail entities operating under various sectors. In its ongoing … Read more
KARACHI: The Federal Board of Revenue (FBR) has tightened the noose around retailers for mandatory integration of Point of Sale (POS) with the online tax system for online sharing of sales. In this regard, the apex tax body has continued its drive to link big retailers with the online system and it identified another over … Read more
KARACHI: The Federal Board of Revenue (FBR) on Thursday asked the retailers of ceramic and other varieties of tiles to install the Point of Sales (POS) machines to document their sales. A meeting was held at the Regional Tax Office (RTO) Karachi in which senior officials of the tax office and representatives of the All Pakistan … Read more
