The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has instructed all banks and non-bank financial institutions to freeze the accounts of Asiatic Marketing Communications Limited, one of the country’s leading advertising firms, according to a recent report by UNB.
The new target has raised eyebrows, given the underwhelming performance in revenue collection so far
The prospect of reduced tax benefits has rattled exporters, already wrestling with shifting global trade dynamics, including fresh US tariffs
The National Board of Revenue (NBR) yesterday said there was no scope to reduce corporate or individual tax rates in the budget for the upcoming fiscal year, a stance that businesses opposed.
In the past two years, the NBR brought down tariffs on 60 items within the bound tariff rates based on the panel's suggestion.
It is second duty cut in 10 days
In a notification issued on Sunday, the NBR said it had slashed the tax at source on the import of ingredients for oncology medicines to 2 percent from 5 percent.
The tax administration issued a notification in this regard yesterday, which was made public today
The National Board of Revenue yesterday revised down the value-added tax and supplementary duty (SD) on nine goods and services, including mobile phone usage, internet services and medicine.
The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has instructed all banks and non-bank financial institutions to freeze the accounts of Asiatic Marketing Communications Limited, one of the country’s leading advertising firms, according to a recent report by UNB.
The new target has raised eyebrows, given the underwhelming performance in revenue collection so far
The prospect of reduced tax benefits has rattled exporters, already wrestling with shifting global trade dynamics, including fresh US tariffs
The National Board of Revenue (NBR) yesterday said there was no scope to reduce corporate or individual tax rates in the budget for the upcoming fiscal year, a stance that businesses opposed.
In the past two years, the NBR brought down tariffs on 60 items within the bound tariff rates based on the panel's suggestion.
It is second duty cut in 10 days
In a notification issued on Sunday, the NBR said it had slashed the tax at source on the import of ingredients for oncology medicines to 2 percent from 5 percent.
The tax administration issued a notification in this regard yesterday, which was made public today
The National Board of Revenue yesterday revised down the value-added tax and supplementary duty (SD) on nine goods and services, including mobile phone usage, internet services and medicine.
NBR said it has slashed VAT on ready-made clothes, restaurants, sweets, non-AC hotels and motor workshops and mostly restored to the previous levels
