Tax exemptions cost govt over Rs2.239tr in 2022-23

The total tax exemptions cost the govt Rs2.239tr during the fiscal year 2022-23, against Rs 1.757tr in 2021-22, reflecting an increase of Rs482.63bn

FBR fails to achieve tax target for FY23

According to details, FBR has collected Rs 572 billion net revenue against the target of Rs 621 billion in May 2023

FBR is contemplating applying Super Tax on progressive tax basis in 2024-25 budget 

Presently the corporate sector is paying over 50pc tax to the govt 

Coca Cola requests FBR to reduce FED on beverages to 16% in FY24 budget

ISLAMABAD: Coca Cola beverages has asked the Federal Board of Revenue to reduce Federal Excise Duty (FED) on beverages from 20% to...

Controversy erupts as complaints of maladministration in property valuations rock FBR

Valuation of properties carried out in an arbitrary and discretionary manner, complainant says

FBR amends rules to stop misuse of temporarily imported vehicles

Tourists will now have to get passports flagged with carnet documents for proper reconciliation of vehicles

FBR let’s ACD and RD on imported vehicles lapse

FBR has quietly let the duties on imported vehicles to lapse on March 31, and not renew them

As the LHC strikes down tax on property, ‘plot’ business may see resurgence  

New law mandated that every property owner would have to pay tax equivalent to 1% of market value of property to federal govt

FBR fails to achieve revenue target of Rs5,460bn

Islamabad: The Federal Board of Revenue (FBR) has failed to achieve nine months revenue target of Rs5,460 billion. Sources said that FBR has...

FBR to involve foreign jurisdictions for investigating of criminal cases

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday decided to send Mutual Legal Assistance (MLA) requests to foreign jurisdictions for investigating...

FBR warns Megaplus of blacklisting 

Islamabad: Federal Board of Revenue (FBR) has warned Megaplus, one of the largest and oldest Dell authorized distributors in Pakistan, to blacklist...

FBR allows unlimited refunds on customs duty for businesses

The business community can now receive unlimited refunds on customs duty through the authority given by the Federal Board of Revenue (FBR)...

Mansha recommends govt to tax real estate, retail sectors 

During a meeting of a committee constituted by the Pakistani Prime Minister to find avenues for revenue mobilization, Mian Muhammad Mansha, one...

FBR imposes 25% sales tax on a wide range of luxury items

The Federal Board of Revenue (FBR) recently announced a new sales tax on luxury goods in Pakistan, aimed at boosting the country's...

Federal cabinet approves publishing of parliamentarians’ tax directory

ISLAMABAD: The federal cabinet has granted its approval and authorization to the revenue division for publishing tax directory for the tax year (TY)...