PM suspends Commissioner Inland Revenue, other officials for ‘willfully’ delaying tax cases
National exchequer has been suffering due to the pendency of such cases, observes Shehbaz Sharif
FBR launches tax registration scheme for retailers in major cities
Govt targets wholesalers and retailers in Lahore, Karachi, Islamabad, Rawalpindi, Quetta, and Peshawar
FBR exceeds revenue target by Rs35bn in seven months
IMF’s target of collecting Rs 4,425 billion in tax in six months also exceeded
FBR collects over Rs1trn tax in a single month
Tax board surpassed the target of Rs4,425bn for the first six months by Rs43bn and collected Rs4,468bn
FBR recovers over Rs130 crores evaded in sales taxes
Default surcharge of Rs 2.6 crores, also collectedÂ
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 budgetÂ
Presently the corporate sector is paying over 50pc tax to the govtÂ
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 Â
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...