Thursday, 25 April 2024
Trending
How to Check and Verify Vehicle Ownership | Car Registration Online Check 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 1500 Prize Bond Draw List 15 August 2022 Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online 750 Prize Bond List 2022 | Prize Bond Schedule 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC Prize Bond 750 list 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 Imported LNG prices for gas companies increased Pakistani exporters trying to capture Chinese meat market FBR issued list of business sectors for mandatory income tax integration Tax returns from Karachi city low-income areas surprisingly on top Taxation of gifts in Pakistan FATF awarded another lifeline to Pakistan Which persons require to submit income tax returns ? Staff required/Jobs Alert: Tax Manager, Tax Specialist, Tax Analyst China launches 6G satellite: We are still on 4G Dubai Mall, launched VAT refund kiosks IRS refund status FBR disposed off cases without audit: Notices Issued FBR clarification: good news for overseas Pakistanis for taking exemption from tax on profit on bank deposits FBR launched online module for Greenfield investors status registration State bank issued list of chartered accountants firms for audit of banks Prices of all petroleum products increased: A New Year gift FBR allowed to taxpayers to file settlement application for agreed assessment FBR formed committee to improve Income Tax Return forms Tax audit of Rahat Fateh Ali Khan resumed on information of secret bank accounts Telecom sector tax share increases 129% in FY20: PTA FBR considering proposals to tax benefit to non-resident or overseas Pakistanis Corruption in Pakistan increased more than Afghanistan: Transparency International reveals Sales Tax Relief by Punjab Revenue Authority FBR will launch a track and trace system by July 2021 Income Tax Returns Filing Reached at Top Sales Tax Amendment: FBR to recover arrears through bank account attachment Track and Trace System: Contract signed between FBR and AJCL Naya Pakistan LDA Apartments: Bank of Punjab & LDA Sign Deal State Bank of Pakistan maintains Monetary Policy Rate unchanged at 7pc Soneri Bank declares Rs2,400m profit after tax FBR Exempts Judicial Allowance by Honoring Court Judgment FBR and Provincial Revenue Authorities sign MoU on Single Portal and Return for Sales Tax FATF's condition fulfilled, 15000 and 7500 Prize Bonds to be abolished Chairman FBR Inaugurates Anti-Benami Adjudicating Authority Secretariat Rs. 100 Prize Bond Draw Result & List Dated 17 May 2021 FBR Issues Clarification on Excessive Charge of Duties & Taxes on Mobile Phones Govt called for the National Assembly session on June 11 to present the budget Income Tax Returns Filing for Tax Year 2020 Reaches 2.93m Bad News for Salaried & Retired Employees in Upcoming Budget Government Seeks to Impose tax on Suspicious Gifts transactions among Relatives FBR field offices to remain open till midnight on 30th June
Gabd Gwadar International Transit Point
UPDATES

FBR notifies Gabd (Gwadar) as TIR Border Crossing Point

By

Pakistan became a member of TIR (International Road Transport) Convention in 2017. TIR has 77 contracting parties including China, Afghanistan, Iran, Turkey and all Central Asian Republics (CARs). After becoming member, Pakistan notified sea and land border points as TIR crossings i.e., Sust (Khunjerab) with China, Torkham & Chaman with Afghanistan, Taftan with Iran and Gwadar & Karachi are two sea ports.

Gabd located at 87 Km from Gwadar on Pak-Iran border

In December, 2020 Gabd (Pakistan)-Reemdan (Iran) has been upgraded to international border crossing and now passengers/drivers can cross this border with valid visa. Consequently, FBR has notified Gabd as TIR border crossing point vides SRO. 622(I)/2021 dated 28th May, 2021. Gabd is located at a distance of 87 Km from Gwadar on Pak-Iran border and end point of Coastal Highway (N-10). Gabd is located at a distance of 137 km from Chahbahar Port and this Gabd-Reemdan route will play a vital in connecting the two ports of Gwadar & Chahbahar and thus synergizing their potentials. 

FBR notifies Gabd (Gwadar) as TIR Border Crossing Point
International Transport of Goods under Cover of TIR Carnets

An additional route from Coastal areas of Baluchistan and Sindh to Iran and Turkey & Azerbaijan

Moreover, it provides additional route from Coastal areas of Baluchistan and Sindh to Iran and Turkey & Azerbaijan. In addition to already available route of Taftan-Mirjaveh (Iran). Recently, all stake-holders have focused on the development of TIR regime and TIR operations have gained momentum. In May 2021, one Pakistani vehicle took herbal medicines to Uzbekistan under TIR. While three vehicles, two from Turkmenistan and one Uzbekistan, brought Grey Fabric and cattle hides respectively under TIR. On return these vehicles transported back sports goods from Pakistan. 

See also  Withdrawals of Tax Exemptions and Tax Credits in Finance Act 2021

Vehicles are under inspection for granting of necessary authorizations

Recently, more logistic companies have shown interest in entering TIR operations. After approval of their applications by TIR National Approval Committee; their vehicles are under inspection for granting of necessary authorizations. 

International Transit Route

It will facilitate international transit through simplified and hassle free Customs transit procedures and an international guarantee system. Customs procedure takes place at origin and destination rather than at each border crossing, using a single guarantee.

tax accounting services top tax consultants lahore pakistan
Ads:

Gwadar | Gabd | International Transit Route | TIR Border Crossing Point | CPEC | Customs |

Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: