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Sharjeel Inam Memon has been made a senior minister and given three ministries portfolios of transport and mass transit, excise, taxation, narcotics and control department. in the government to be formed for the 2024 elections. [citation needed]
The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty. [1] [2]
Mukesh Kumar Chawla (Urdu: مکيش کمار چاولہ; born 27 February 1974) is a Pakistani politician hailing from Jacobabad District presently from DHA, Karachi, Sindh, Pakistan belong to Pakistan Peoples Party Parliamentarians. He was serving as Minister of Excise and Taxation and Member of the Provincial Assembly of Sindh.
The Government of Sindh (Sindhi: حڪومت سنڌ) (Urdu: حکومتِ سندھ) is the provincial government of the province of Sindh, Pakistan.Its powers and structure are set out in the provisions of the 1973 Constitution, in which 30 Districts of 7 Divisions under its authority and jurisdiction.
The tax structure is progressive, aiming to fairly distribute the tax burden across different income groups. Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export of IT services is ...
In the northern part of the country, Customs and Central Excise operations were carried out simultaneously through the Collectorate of Central Excise and Land Customs Lahore. It was the second oldest Collectorate in the country whose jurisdiction spanned the whole of the former West Pakistan, barring Karachi and Balochistan. Custom House Lahore ...
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...