FBR’s tax notices to salaried individuals spark controversy over legality and fairness
Experts call notices unlawful, urge FBR to hold employers accountable instead of burdening employees
FBR tightens tax enforcement for POS retailers, mandates digital payment integration
Retailers must install card machines, QR codes; enforcement teams to conduct nationwide inspections
Over 40% tax filers declare zero income as Pakistan’s tax base remains narrow: report
Only 3,651 individuals report income above Rs100 million; FBR considers new classification for high-value transactions
Federal cabinet approves purchase of additional vehicles for FBR officers
With 77 additional vehicles, total number of cars reaches 1,100 at a cost of over Rs6 billion
Only 12 Pakistanis declare wealth over Rs10 billion, FBR chairman reveals
93.7% of property transactions undervalued, tax body’s proposal to link property purchases with declared assets sparks heated debate in parliamentary committee
Senate panel opposes Rs5.6bn purchase of over 1,000 vehicles for FBR officers
Standing Committee on Finance to formally write to PM, finance minister, and AGPR to halt the purchase; Calls procurement process biased; FBR defends mobility for field operations
Pakistan opts for alternative revenue measures, declines IMF’s call for additional taxes: report
PM directs FBR to cover Rs386 billion shortfall through alternative revenue measures rather than imposing new taxes
Non-filers to face restrictions on vehicle registration, property acquisition, and stock purchases under new tax bill
Proposed Tax Laws (Amendment) Bill, 2024 to enforce stricter compliance, including freezing bank accounts and seizing property
Salaried class leads with Rs368bn tax contribution in FY2024
Salaried individuals emerge as third-largest contributors to national tax pool with Rs103.7 billion additional taxes from FY23, surpassing exporters who paid Rs93 billion
FBR mandates balance sheets for new sales tax registrations
Updated rules include biometric verification and stricter documentation
FBR’s decision to procure 1,010 Honda City cars worth Rs6bn faces public backlash
Public questions the expenditure amid Pakistan’s economic challenges and rising taxes on common citizens especially on salaried classÂ
FBR grilled over misuse of export scheme, SIFC outlines corrective measures
Business community calls for transparency; FBR officials acknowledge ongoing investigations into cases of EFS misuseÂ
FBR chief targets Rs13,500 billion in tax revenue for 2024-25
December collections increased by 35 percent compared to November and 56 percent compared to December last year, says Langrial
FBR considers cutting withholding tax, reviewing 5% FED for first-time homebuyers
Task force formed to align property taxes with market; realtors show optimism about the upcoming incentive package
FBR to integrate FMCG manufacturers, wholesalers, and distributors into Digital Invoicing SystemÂ
Plan targets to connect approximately 10,000 FMCG entities with Digital Invoicing System to enhance tax monitoring, curb leakages