The apparel exporters may face another blow from the National Board of Revenue (NBR) as it plans to increase its corporate tax rate to up to 20% from the next fiscal year, according to sources.

Link in Comments

#corporatetaxes #apparelexport #NATIONALBOARDOFREVENUE #RMGSector #TBSNews

NBR sources said the revenue authority met with government and private sector representatives on 23 January to explore a feasible approach, forming a committee to develop recommendations within three weeks

Link in Comments

#dutyfreeimport #importexport #NATIONALBOARDOFREVENUE #TBSnews

Currently, these industries pay a 10% tax on their income and a 2% advance income tax (AIT) on the import of machinery, parts, and equipment, which was supposed to remain in effect until 2032

Link in Comments

#TaxHike #motorbike #NATIONALBOARDOFREVENUE #TBSNews

The National Board of Revenue (NBR) plans to introduce a single 15% value added tax (VAT) rate on almost all goods and services in the next fiscal year to comply with an IMF-advised law enacted in 2012, highly-placed officials say.

Link in Comments

#ValueAddedTax #NATIONALBOARDOFREVENUE #TBSNews

Whenever businessmen come to meet him, they always complain about the National Board of Revenue (NBR), said Finance Adviser Salehuddin Ahmed today (10 December).

Link in Comments

#NATIONALBOARDOFREVENUE #businesscomplaints #SalehuddinAhmed #TBSNews