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Taxation

Treasury’s role ends: FBR to make refund payments out of its own pocket

August 23, 2019

All sales tax refunds due from July 1, 2019 would be paid from the current revenue stream of the Federal Board of Revenue and the Treasury would not b...

Taxation

FBR field offices told to ensure basic facilities to taxpayers

August 23, 2019

The Federal Board of Revenue has issued a circular wherein the directions of Chairman FBR have been conveyed to all the field offices of Customs and I...

Taxation

FBR specifies conditions for foreign companies operating in country

August 21, 2019

Federal Board of Revenue (FBR) Tuesday specified conditions to determine how a foreign company operating in Pakistan is considered as a Controlled For...

Taxation

Over 600 Pakistanis having $7-8 billion traced: FBR chief

August 9, 2019

The government has said that it has got access to the data of over 600 Pakistanis who have $ 7-8 billion in their accounts through automatic exchange ...

Taxation

‘FBR, other depts learning from best practices of Korea’

August 8, 2019

Several government departments including Federal Board of Revenue (FBR) have conveyed to the Korean International Cooperation Agency (KOICA) that the ...

Taxation

FBR chief for intensify operation against Smugglers

August 6, 2019

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi directed Customs Intelligence on Monday to intensify operations against smugglers, warehouses st...

Uncategorized

China vows to strike back at US tariffs threat

August 3, 2019

The trade war between the United States and China escalated on Friday as Beijing threatened to unleash “countermeasures” against US plans ...

Taxation

SRB extends date for e-deposit of SST, e-returns

August 3, 2019

Sindh Revenue Board (SRB) has extended the date for e-deposit of Sindh Sales Tax and e-filing of tax return for the tax period of July, 2019. Accordin...

Taxation

Royalty chargeable to 15pc tax: FBR

August 1, 2019

The Federal Board of Revenue (FBR) has said that every person paying royalty to a resident person would be required to deduct tax at the rate of 15 pe...

Taxation

Commissioner enjoys powers to conduct banks’ audit: FBR

July 31, 2019

The Federal Board of Revenue (FBR) has clarified that the Commissioner has the power to conduct audit of banks under Section 177 of the Income Tax Ord...

Taxation

Non-appearance in ATL: Persons to be subjected to 100pc increased rate of tax

July 31, 2019

The Federal Board of Revenue (FBR) has said that persons whose names are not appearing in the Active Taxpayer List (ATL) will be subjected to 100 perc...

Taxation

Tax year 2018: FBR receives 2.1 million income tax returns so far

July 29, 2019

The Federal Board of Revenue (FBR) has so far received historic number of 2.1 million income tax returns for the tax year 2018. According to a tweet o...

Taxation

100,000 non-filers to be issued notices

July 29, 2019

Federal Board of Revenue (FBR) chairman Shabbar Zaidi has said the board will send notices to around 100,000 non-filers who own a house bigger than 50...

Taxation

FBR unveils ‘FASTER’ for five export sectors

July 26, 2019

The Federal Board of Revenue (FBR) Thursday finalised Fully Automated Sales Tax e-Refund (FASTER) procedure for five export-oriented sectors to prompt...

Taxation

KTBA urges FBR to accept first biannual WHT statement for 4-months

July 26, 2019

Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to accept first biannual withholding tax statement for three/four ...

Uncategorized

Jubilant Imran promises ruthless accountability

July 25, 2019

KARACHI / WASHINGTON: On the first anniversary of 2018 general elections, Prime Minister Imran Khan has vowed to carry out ruthless accountability of ...

Taxation

Tax office allows inadmissible input tax of Rs 51.9 million

July 25, 2019

The Karachi tax office is said to have allowed inadmissible input tax of Rs 51.9 million claimed by an importer through fake invoices.According to sou...

Taxation

20 cities: Values of immovable properties revised upward

July 24, 2019

The Federal Board of Revenue (FBR) on late Tuesday night upward revised values of immovable properties in 20 cities of the country to bring them in li...

Taxation

Government urged to harmonize labour taxes

July 24, 2019

The Lahore Chamber of Commerce and Industry has urged the government to harmonize/unified labour taxes to facilitate the business community. While tal...

Taxation

Benami accounts: FBR asks banks to furnish details in 15 days

July 23, 2019

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Monday asked all the heads of banks to collect details of ‘Benami’ accountholders in...

Taxation

FBR urged to revise automated system for GST registration

July 23, 2019

The Federal Board of Revenue (FBR) has been requested to revise the new automated system for sales tax registration to expedite the process of sales t...

Taxation

CNIC mandatory for purchases over Rs50,000

July 23, 2019

ISLAMABAD: The Federal Board of Revenue has notified provisions making it mandatory for ordinary citizens to show Computer National Identity Card in c...

Taxation

Minister hails court’s decision on PRA

July 22, 2019

Provincial Finance Minister Makhdoom Hashim Jawan Bakht on Friday welcomed the decision of a court on Punjab Revenue Authority (PRA) and said that the...

Taxation

FBR identifies ‘non-filers’

July 22, 2019

Federal Board of Revenue (FBR) has identified over 2600 non-filers in a major bank and over 1900 in Sui Southern Gas Company (SSGC). Sources said that...

Taxation

1,650 officials redeployed to meet challenging revenue target

July 19, 2019

The Federal Board of Revenue (FBR) Customs Wing has re-deployed and transferred 1,650 official positions to meet the challenging revenue target and pa...

Taxation

FBR chief urges businessmen not to indulge in under-invoicing

July 19, 2019

Syed Shabbar Zaidi, Chairman FBR has conveyed a message to the business community that besides refraining from business in smuggled goods, they should...

Taxation

17 percent GST, CNIC condition: Government not meeting major demands

July 18, 2019

The government is not meeting to two major demands of the business community – withdrawal of the Computerized National Identity Card (CNIC) cond...

Taxation

Steps being taken to end corruption within FBR: PM

July 18, 2019

Prime Minister Imran Khan on Wednesday said that the government is taking measures to bring every potential person into the tax system, introduce refo...

Taxation

January to July: Rs 231 million collected on import of 120,741 mobile phones

July 18, 2019

The Federal Board of Revenue (FBR) has collected Rs 231 million on the import of 120,741 mobile phones from January 15, 2019 to July 15, 2910 under th...

Taxation

FBR seeks ministry’s support for implementing Section 181AA

July 17, 2019

Chairman Federal Board of Revenue, Syed Muhammad Shabbar Zaidi in his letter to Ministry of Power has sought its help for the implementation of Sectio...