Search results
Results from the WOW.Com Content Network
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]
In the southern region also, the Collectorate of Customs, Central Excise and Sales Tax, Hyderabad was established in 1967 subsequent to the bifurcation of the Collectorate of Central Excise, Karachi. The jurisdiction of Hyderabad Customs Collectorate comprises the whole of Sindh, excluding Karachi, Multan, and Bahawalpur.
The taxation system in Pakistan encompasses both direct and indirect taxes, which contribute significantly to the nation’s revenue. Taxation in Pakistan is a complex system of more than 70 unique taxes administered by at least 37 agencies of the Government of Pakistan. [1]
The IRS was established to manage domestic taxation in Pakistan, which includes the administration of Sales Tax, Income Tax, and Federal Excise Duty. This initiative was a pivotal part of a larger undertaking aimed at enhancing tax administration and boosting revenue collection within the country.
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 ...
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.
Karachi is now Pakistan's premier industrial and financial centre. The city has a formal economy estimated to be worth $190 billion as of 2021, which is the largest in the country. [36] [37] Karachi collects 35% of Pakistan's tax revenue, [38] and generates approximately 25% of Pakistan's entire GDP.
Federal Tax Ombudsman (Pakistan) وفاقی ٹیکس محتسب پاکستان Department overview; Formed: 2000 () Type: Tax Ombudsman: Headquarters: Federal Tax Ombudsman Secretariat 5A, Constitution Avenue, Islamabad, Capital Territory, Pakistan. 44000: Department executives