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...
Mansha recommends govt to tax real estate, retail sectorsÂ
During a meeting of a committee constituted by the Pakistani Prime Minister to find avenues for revenue mobilization, Mian Muhammad Mansha, one...
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 to extend EPOS to retail stores and shopping malls
The tax department has informed the International Monetary Fund (IMF) that the government will extend the EPOS to retail chain stores and shopping malls till March 2019
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
PTI govt contemplating to levy wealth tax on moveable assets
The measure to hike additional customs duty from 2 to 3 percent would contribute to high inflation but generate Rs40 billion in additional taxes for the government
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 directs field officers to expedite ST refund process
ISLAMABAD: The Federal Board of Revenue (FBR) has directed all its field chief commissioners to process sales tax refund claims on an...
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)...
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 launches offline mode App for taxpayers to file returns
ISLAMABAD: The Federal Board of Revenue (FBR) has launched an application enabling taxpayers to file Income Tax Return and Wealth Statement without...
Military makes income tax return filing mandatory for promotions
The official stated before the decrease in income tax rates, the army solely was paying nearly Rs398 million a month in income tax on salaries translating into a Rs4.8 billion yearly contribution to the national exchequer
Steel industry demands policy change for exports
According to sources in the industry, some of the leading steel manufacturers have received queries from some Middle Eastern countries regarding imports
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...
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