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 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
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 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 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 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 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)...
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 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...
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 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...
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...
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...