AGP flags FBR’s legal process gaps amid tax disputes worth Rs3.2tr

FBR urged to identify loopholes, streamline coordination and cost-effective strategies for improved coordination and efficient legal processes

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 collected 

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...