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...
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 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...
Army deposits Rs390 million income tax every month: Member FATE
COAS filed all tax returns a month in advance, meanwhile Topi Rakh among highest tax paying marriage halls
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
FBR allows unlimited refunds on customs duty for businesses
The business community can now receive unlimited refunds on customs duty through the authority given by the Federal Board of Revenue (FBR)...
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 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...
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, PBA at loggerheads over ‘unverified accounts’
ISLAMABAD: The Federal Board of Revenue (FBR) and the Pakistan Banks’ Association (PBA) are at loggerheads over biometrically unverified accounts as the...
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...
FBR needs Rs2.2tr in three months to meet revised target
ISLAMABAD:Â The Federal Board of Revenue (FBR) has to collect around Rs2.19 trillion in the last quarter (April-June) of FY20 to meet the...
Govt to bridge FBR shortfall through non-tax revenue, other levies
ISLAMABAD: The Pakistan Tehreek Insaf (PTI) government has planned to bridge the shortfall, the Federal Board of Revenue (FBR) currently faces, through...
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
Amnesty scheme: FBR asked to explain 12,000 pending cases of taxpayers
ISLAMABAD: Taking suo moto notice of 12,000 pending cases of aggrieved taxpayers- who failed to avail last amnesty scheme- the Federal Tax...