FBR needs Rs2.2tr in three months to meet revised target

ISLAMABAD: The Federal Board of Revenue (FBR) has to collect around Rs2.19 trillion in the last quarter (April-June) of FY20 to meet the...

FBR warns Megaplus of blacklisting 

Islamabad: Federal Board of Revenue (FBR) has warned Megaplus, one of the largest and oldest Dell authorized distributors in Pakistan, to blacklist...

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 registers 17pc revenue growth in 7MFY20

ISLAMABAD: The revenue collection of the Federal Board of Revenue (FBR) grew by 17 per cent with additional revenues of Rs345 billion...

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

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 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 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...

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 shortfall surges Rs208bn in eight months

Despite downward revision by IMF, FBR likely to miss annual target by around Rs400bn

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, 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...

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 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

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