Business Recorder reported that the Federal Board of Revenue will apply Section 153 of the Income Tax Ordinance 2001 on the ship breaking industry and recover 3.5% withholding tax on sale of ship plates to steel re-rolling mills recovery of ...
Tags: Federal Board of Revenue, Income Tax Ordinance, withholding tax, steel
Insurance Australia Group (IAG) has sold its UK insurance business following the completion of a strategic review process, in an effort to boost profits at home and also expand its foot print in the Asian market. The sale includes Equity ...
Tags: insurance business, strategic review process, Asian market, tax on sale