Your address will show here +12 34 56 78

News

Taxation

World Bank project: bidders’ session under TAGR held at FBR

February 2, 2019

Bidders’ session for under Tax Accelerating Growth and Reform (TAGR) project of World Bank on strengthening FBR’s capacity in information ...

Taxation

Filers who availed amnesty scheme: FBR suspends notices about source of investment

February 2, 2019

The Federal Board of Revenue (FBR) has suspended all notices issued to inquire source of investment from filers who availed amnesty scheme; it is lear...

Taxation

Comprehensive plan on FBR restructuring chalked out: PM informed

January 31, 2019

Federal Board of Revenue (FBR) Wednesday informed Prime Minister Imran Khan that the government has chalked out a comprehensive plan for restructuring...

Taxation

Exports to Afghanistan: DTRE rules may be amended

January 30, 2019

The government is considering amending the Duty and Tax Remission for Exports rules to increase exports to Afghanistan taking into account proposals o...

Taxation

Filing of revised return: FBR asked to decide taxpayer’s plea before expiry deadline

January 30, 2019

On a writ petition filed by a taxpayer, the Lahore High Court has directed the Tax Department to decide the application of the taxpayer before the exp...

Taxation

World Customs Day celebrated at MCC Quetta

January 30, 2019

Pakistan Customs, being the member of World Customs Organisation (WCO), celebrated International Customs Day, on January 26. WCO slogan for the year i...

Taxation

Customs to levy 22-30 percent tax on import of mobile devices by mid-February

January 30, 2019

The customs department will begin collecting at least 22 to 30 percent duty/taxes on the imports of mobile devices as the PTA plans only compliant mob...

Taxation

National Tax Conference to be held in March

January 29, 2019

Finance Minister Asad Umer would inaugurate National Tax Conference in March 2019 for bringing federal and provincial tax authorities on one page and ...

Taxation

FBR’s tax policy for real estate sector unfair: CCP

January 29, 2019

The Competition Commission of Pakistan (CCP) has termed the Federal Board of Revenue’s tax policy for real estate sector as unfair and recommend...

Taxation

Budget FY 2019-20: all taxes to be clubbed into one tax: Umar

January 29, 2019

With a view to further improving the ease of doing business, the federal government is taking steps to club all taxes into one tax in the next federal...

Taxation

Tax plan seen weakening leu, while other CEE units firm

January 28, 2019

The leu is expected to weaken this year, underperforming Central European peers as the Romanian government’s revenue-generating measures create ...

Taxation

Orders passed by president reversed by high courts

January 28, 2019

Office of the President of Pakistan has been accused of directing the Federal Board of Revenue (FBR) employees of filing further appeals and defend ca...

Taxation

Insufficient release of PSDP funds hits revenue generation: FBR

January 26, 2019

Insufficient release of Public Sector Development Programme (PSDP) funds has hit revenue generation due to slow economic activities, said the Federal ...

Taxation

Government-confiscated assets: FBR enjoys powers to raise demand, effect recovery provisionally

January 26, 2019

The Federal Board of Revenue (FBR) has said it enjoys powers to raise immediate demand and effect recovery on provisional basis in case of government ...

Taxation

No tax amnesty under study: five-year tax and tariff plan to be unveiled soon: minister

January 26, 2019

Minister of State for Revenue Hammad Azhar Friday said no proposal of tax amnesty scheme is under consideration in the Federal Board of Revenue (FBR) ...

Taxation

Customs value of various spices, nutmeg revised

January 26, 2019

Directorate General Customs Valuation (DGCV) has revised the customs values of various spices and nutmeg under sub-section (7) of the section 25 of th...

Taxation

RPOs against all claims: Refund bonds must be issued by February 14, taxmen told

January 26, 2019

The Federal Board of Revenue (FBR) has directed field formations to urgently issue Refund Payment Orders (RPOs) of admissible sales tax refund claims ...

Taxation

Amnesty Scheme: Compliant traders must not be harassed, taxmen told

January 25, 2019

The Federal Board of Revenue (FBR) has directed its field formations to ensure that businessmen who availed Income Tax Amnesty Scheme and completed al...

Uncategorized

‘FBR intelligensia not fair with government on reform agenda’

January 25, 2019

The Federal Board of Revenue (FBR) intelligensia is not fair with the government on its reform agenda, said the Board sources. “The FBR intellig...

Taxation

Tax disputes: decision of majority of ADRCs members to be considered as final: FBR

January 25, 2019

The decision of majority members of the Alternative Dispute Resolution Committees (ADRCs) on tax disputes between the FBR and taxpayers would be consi...

Taxation

Offshore assets: Amendment not amnesty scheme: Azhar

January 25, 2019

Minister of State on Revenue Hammad Azhar said Thursday that the amendment made in the Income Tax Ordinance 2001 through Finance Supplementary (Second...

Taxation

Cellphones import: four taxes merged to facilitate tax payment

January 24, 2019

The federal government has merged four taxes – sales tax, customs duty, regulatory duty and withholding tax – charged at the import stage ...

Taxation

‘Corporate sector least bothered about tax reforms’

January 24, 2019

The corporate sector is least bothered about tax reforms, to be introduced by the government, and manages tax avoidance with the help of experienced t...

Taxation

SAI suggests no advance income taxes on filers

January 23, 2019

Chairman Taxation Sub-Committee of SITE Association of Industry Saud Mehmood has demanded that all withholding taxes: u/s 148 (import), 153 (sales), 2...

Taxation

SRB to achieve FY19 target of Rs 120 billion: chairman

January 23, 2019

Sindh Revenue Board (SRB) will achieve its annual budgetary revenue target of Rs 120 billion in current fiscal year, said SRB chairman, Khalid Mehmood...

Taxation

Karachi Export Processing Zone: MCC commences 24×7 import facilities

January 22, 2019

Model Customs Collectorate (MCC) Export has commenced 24×7 import facilities for the consignments to Karachi Export Processing Zone (KEPZ). Accor...

Taxation

FTO proves to be bridge between tax collectors and tax payers’

January 22, 2019

The Institution of Federal Tax Ombudsman (FTO) proves to be a bridge between the tax collectors and aggrieved tax payers by providing and online compl...

Taxation

‘Mini-budget’: Tax managers mull over incentive package

January 22, 2019

Tax authorities headed by Federal Board of Revenue (FBR) Chairman Mohammad Jehanzeb Khan discussed proposed incentive package for exporters and invest...

Taxation

Orders reversed by high courts: Office of President accused of asking FBR to file further appeal

January 21, 2019

Office of the President of Pakistan has been accused of directing the Federal Board of Revenue (FBR) employees to file further appeals and defend case...

Taxation

France nears implementation of digital tax

January 21, 2019

France will push ahead with its own tax on large internet and technology companies by introducing a bill that would be retroactive to January 1, its f...