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RTO-1 Cracks Down on PoS Violations: 3 Outlets Shut Down
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The Federal Board of Revenue’s Regional Tax Office-1 (RTO-1) has intensified efforts against non-compliance with the Point of Sale (PoS) regulations, resulting in the closure of three establishments on Friday for failing to integrate their systems with FBR’s PoS Invoicing System. According to an official statement obtained here, RTO-1 personnel initiated operations at Stadium…
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Top 10 Essentials: Understanding Rwanda’s Groundbreaking Health Services Bill
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The Parliament is currently examining a fresh healthcare services bill designed to revise Rwanda’s health laws, which were last updated in 1998. This potential legislation includes modifications focused on enhancing accessibility, protecting patients’ rights, and overseeing contemporary medical procedures. ALSO READ: Surrogacy and IVF: Five crimes and their punishments under the updated healthcare legislation…
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DRI Sues Construction Firm for Tax Evasion: $15 Million Lawsuit Unveiled
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On May 8, Nepal’s Department of Revenue Investigation (DRI) initiated legal action against a construction firm, seeking approximately Rs 1.2 billion as compensation for alleged tax fraud. The Directorate of Revenue Intelligence (DRI) submitted a petition valued at Rs 1.2 billion to the High Court in Patan against Dhruba Construction Pvt Ltd, a firm…
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Dredging Champions Earn Praise From MPs: An International Edition Exclusive
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…during flood management initiatives in Accra Dredge Masters Limited, a part of the Jospong Group, has received significant acclaim from the Parliamentary Select Committee on Works and Housing for its continuous dredging activities in Accra’s Odaw River and Korle Lagoon. On Tuesday, May 6, 2025, during an inspection visit in Accra, the Committee Chairperson,…
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GMOs: Kenya Set to Lead in Regional Biotech with New Molecular Lab
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By Duncan Mboyah Kenya is constructing a regional reference molecular laboratory to help Eastern African countries in handling and using Genetically Modified Organisms (GMOs). Dr. Kipronoh Ronoh, Principal Secretary, State Department for Agriculture in the Ministry of Agriculture and Livestock Development, said that the laboratory will be used to supervise the transfer of GMOs…
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Tax Officials Seal Electronics Store Over Point-of-Sale Violation
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While conducting a continuous operation aimed at enforcing Point-of-Sale (PoS) compliance, the Regional Tax Office-1 sealed an electronic goods shop located on Abdullah Haroon Road in Karachi on Thursday. According to officials, this decision came after discovering that the sales receipts generated by the establishment had not been synchronized with FBR’s PoS billing framework.…
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Sindh Cracks Down on Restaurants Evading Taxes by Refusing Card Payments
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The Sindh government has resolved to implement stringent measures against eateries, shopping centers, cafes, and biryani outlets that decline to accept debit/credit card transactions from customers. To enforce this, the Sindh Consumer Protection Authority within the Bureau of Supply Prices has initiated actions by serving warnings to notable restaurants in Clifton such as Karachi…
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Govt Temporarily Suspends Precious Metals Export Rules for 60 Days to Restructure Jewelry Sector – International Edition
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On May 7, the Pakistani government took an important step by suspending SRO 760(I)/2013, which serves as the regulatory guideline for importing and exporting valuable metals, jewels, and stones. This suspension went into effect right away and will last for two months. As stated in an official announcement made on Wednesday, the “Order Concerning…
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Finance Bill 2025: Goods Shifting from Zero-Rated to Tax-Exempt Status
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President William Ruto’s cabinet has endorsed the Finance Bill 2025, designed to generate revenue for the fiscal year 2025/26. The bill suggested modifications to taxation policies, encompassing an alteration to the Value Added Tax (VAT) Act. The amended VAT Act aims to shift certain products, such as raw materials used in pharmaceutical production, from…
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President Orders Prosecution of Lalu Prasad Yadav in Land-For-Job Money Laundering Scandal
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New Delhi [India], May 8 (ANI): President Droupadi Murmu has approved the authorization for prosecuting RJD leader and ex-Railway Minister. Lalu Prasad Yadav In relation to the suspected money-laundering case involving Land-for-Jobs within Indian Railways, top sources reported this on Thursday. The President has approved the permission as per Section 197(1) of the Criminal…