News
FBR issues notices to around 115,340 unregistered persons
September 19, 2019The Federal Board of Revenue (FBR) has issued notices to around 115,340 unregistered persons under Section 114 of Income Tax Ordinance, 2001 across th...
‘India faced defeat over Kashmir issue’
September 16, 2019BAHAWALPUR: PTI leader Malik Asghar Joiya has said that India had faced worldwide defeat over Kashmir issue. According to a press release issued here,...
2.5 million tax returns deadline: PTAA urges FBR not to put undue pressure
September 12, 2019Pakistan Tax Advisors Association (PTAA) has urged the Federal Board of Revenue (FBR) to avoid putting pressure on taxpayers, tax consultants, advocat...
Verification of import documents: FBR teams visit leading malls
September 4, 2019Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said on Monday that FBR joint teams visited leading malls at Karachi, Lahore and Islamabad for v...
Treasury’s role ends: FBR to make refund payments out of its own pocket
August 23, 2019All 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...
FBR field offices told to ensure basic facilities to taxpayers
August 23, 2019The 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...
FBR specifies conditions for foreign companies operating in country
August 21, 2019Federal Board of Revenue (FBR) Tuesday specified conditions to determine how a foreign company operating in Pakistan is considered as a Controlled For...
Over 600 Pakistanis having $7-8 billion traced: FBR chief
August 9, 2019The 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 ...
‘FBR, other depts learning from best practices of Korea’
August 8, 2019Several government departments including Federal Board of Revenue (FBR) have conveyed to the Korean International Cooperation Agency (KOICA) that the ...
FBR chief for intensify operation against Smugglers
August 6, 2019Chairman Federal Board of Revenue (FBR) Shabbar Zaidi directed Customs Intelligence on Monday to intensify operations against smugglers, warehouses st...
China vows to strike back at US tariffs threat
August 3, 2019The trade war between the United States and China escalated on Friday as Beijing threatened to unleash “countermeasures” against US plans ...
SRB extends date for e-deposit of SST, e-returns
August 3, 2019Sindh 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...
Royalty chargeable to 15pc tax: FBR
August 1, 2019The 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...
Commissioner enjoys powers to conduct banks’ audit: FBR
July 31, 2019The 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...
Non-appearance in ATL: Persons to be subjected to 100pc increased rate of tax
July 31, 2019The 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...
Tax year 2018: FBR receives 2.1 million income tax returns so far
July 29, 2019The 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...
100,000 non-filers to be issued notices
July 29, 2019Federal 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...
FBR unveils ‘FASTER’ for five export sectors
July 26, 2019The Federal Board of Revenue (FBR) Thursday finalised Fully Automated Sales Tax e-Refund (FASTER) procedure for five export-oriented sectors to prompt...
KTBA urges FBR to accept first biannual WHT statement for 4-months
July 26, 2019Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to accept first biannual withholding tax statement for three/four ...
Jubilant Imran promises ruthless accountability
July 25, 2019KARACHI / WASHINGTON: On the first anniversary of 2018 general elections, Prime Minister Imran Khan has vowed to carry out ruthless accountability of ...
Tax office allows inadmissible input tax of Rs 51.9 million
July 25, 2019The 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...
20 cities: Values of immovable properties revised upward
July 24, 2019The 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...
Government urged to harmonize labour taxes
July 24, 2019The Lahore Chamber of Commerce and Industry has urged the government to harmonize/unified labour taxes to facilitate the business community. While tal...
Benami accounts: FBR asks banks to furnish details in 15 days
July 23, 2019Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Monday asked all the heads of banks to collect details of ‘Benami’ accountholders in...
FBR urged to revise automated system for GST registration
July 23, 2019The 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...
CNIC mandatory for purchases over Rs50,000
July 23, 2019ISLAMABAD: The Federal Board of Revenue has notified provisions making it mandatory for ordinary citizens to show Computer National Identity Card in c...
Minister hails court’s decision on PRA
July 22, 2019Provincial Finance Minister Makhdoom Hashim Jawan Bakht on Friday welcomed the decision of a court on Punjab Revenue Authority (PRA) and said that the...
FBR identifies ‘non-filers’
July 22, 2019Federal 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...
1,650 officials redeployed to meet challenging revenue target
July 19, 2019The Federal Board of Revenue (FBR) Customs Wing has re-deployed and transferred 1,650 official positions to meet the challenging revenue target and pa...
FBR chief urges businessmen not to indulge in under-invoicing
July 19, 2019Syed Shabbar Zaidi, Chairman FBR has conveyed a message to the business community that besides refraining from business in smuggled goods, they should...