A representative image showing the FBR logo at its headquarters in Islamabad. — Website/FBR file Declarations of imported goods will be assigned to the CAU according to the new system. Introduction of incentive-based performance management for greater efficiency. Move to bring a major change in the work and overall culture of the Customs Service. ISLAMABAD, … Read more
Representative image showing a person using a calculator for tax purposes. — AFP/File Banks face higher taxes under the revised ADR formula. The end-of-year ADR could move to calculating the annual average. The exclusion of certain advances could increase the tax obligations of banks. Analysts said on Monday that the committee formed by Prime Minister … Read more
A general view of the Burj Khalifa and the skyline of downtown Dubai, United Arab Emirates, June 12, 2021. — Reuters DMTT is part of the OECD Global Minimum Corporate Tax Agreement. The United Arab Emirates is considering introducing corporate tax incentives. The incentive would provide a refundable tax credit of up to 50%. DUBAI: … Read more