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 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...
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...
FBR significantly changes the taxation of capital gains on disposal of immovable property
ISLAMABAD: Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property.Â
The changes...
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
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 recovers over Rs130 crores evaded in sales taxes
Default surcharge of Rs 2.6 crores, also collectedÂ
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 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
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
Budget 2019-20: Salaried class to pay more taxes under PTI govt
Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
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 warns Megaplus of blacklistingÂ
Islamabad: Federal Board of Revenue (FBR) has warned Megaplus, one of the largest and oldest Dell authorized distributors in Pakistan, to blacklist...