Pakistan accuses pharmaceutical companies of malpractice

June 29, 2010

The Federal Board of Revenue (FBR) in Pakistan believes pharmaceutical companies have used transfer pricing to evade Rp500 million ($5.8 million) in taxes.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

More from across our site

LONDON, UK - January 24th 2019: HMRC, Her Majesty's Revenue and

HMRC reports £32bn tax gap for FY 2020-21

But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.

Leanna Reeves, June 27, 2022

EY’s ‘Project Everest’ could boost business but not the brand

EY’s plan to separate its auditing and consulting businesses might lessen scrutiny from global regulators, but the brand identity could suffer, say sources.

Danish Mehboob, June 27, 2022

Row of microphones, flags, papers and other on long table in conference hall

Businesses call on G7 leaders for meaningful carbon taxes

Multinationals are asking world leaders to put a scale on carbon pricing to tackle climate change at the 48th G7 summit in Germany, from June 26 to 28.

Danish Mehboob, June 27, 2022

Budapest city skyline at Hungalian Parliament and Danube River,

Hungary rejects plan for 15% corporation tax rate

The state secretary told the French press that the country continues to oppose pillar two’s global minimum tax rate following an Ecofin meeting last week.

Leanna Reeves, June 24, 2022

This week in tax: Biden’s energy tax holiday runs out of gas?

This week the Biden administration has run into opposition over a proposal for a federal gas tax holiday, while the European Parliament has approved a plan for an EU carbon border mechanism.

Josh White, June 24, 2022

Women in Business Law Awards EMEA 2022: winners revealed

12th annual awards announce winners

John Harrison, June 24, 2022

Microsoft makes the case for better tax data management

Businesses need to improve on data management to ensure tax departments become much more integrated, according to Microsoft’s chief digital officer at a KPMG event.

Josh White, June 23, 2022

Companies must prepare for TP risks as US Libor deadline looms

Businesses must ensure any alternative benchmark rate is included in their TP studies and approved by tax authorities, as Libor for the US ends in exactly a year.

Leanna Reeves, June 23, 2022

Businesses left vulnerlable_VAT planning.jpg

Businesses left vulnerable by lack of strong VAT planning

Tax directors warn that a lack of adequate planning for VAT rule changes could leave businesses exposed to regulatory errors and costly fines.

Siqalane Taho, June 22, 2022

Companies urged to pause Northern Ireland supply chain changes

Tax professionals have urged suppliers of goods from Great Britain to Northern Ireland to pause any plans to restructure their supply chains following the NI Protocol Bill.

Siqalane Taho, June 22, 2022

Pakistan accuses pharmaceutical companies of malpractice

The Federal Board of Revenue (FBR) in Pakistan believes pharmaceutical companies have used transfer pricing to evade Rp500 million ($5.8 million) in taxes.

Unlock this article.

Tags

More from across our site