Govt concedes to IMF pressure to separate tax policymaking, revenue collection
Govt forms new cell for tax policymaking, aims to curb loopholes and recover Rs7 trillion in lost revenue.
Rs3.4 trillion sales tax evaded across key economic sectors, says finance minister
Warns penalties including up to 10 years in jail and substantial fines to tax evaders especially to CFOs of corporate firms
FBR, Customs empowered to confiscate vehicles used in transporting smuggled goodsÂ
New measure intends to ensure the permanent removal of tools used in smuggling operationsÂ
Gang exploits FBR vulnerability, defrauds Rs 81 billion
Substantial losses to the public exchequer highlight the urgent need for targeted measures against tax fraud in dormant accounts.
FBR set to bring 2.8 million households into tax net
Filing of tax returns has seen a 105% increase to 3.7 million from last year’s 1.8 million, says FBR spokespersonÂ
FBR misses first quarter revenue target by Rs96bn
Government faces tough challenges to meet ambitious FY25 target of Rs12.97tr, may consider additional revenue measures
FBR extends tax return filing deadline to October 14
Extension follows requests from trade bodies and public, FBR reports 87.9% increase in returns filed so far
FBR rules out new taxes, mini-budgetÂ
Government aims to strengthen action against non-filers without extending tax return deadline Â
FBR to abolish non-filers category
FBR Chairman criticizes the non-filer category, arguing that such classifications do not exist globally
FBR faces rise in nil-filers as 68% of tax returns declare zero income Â
Only 1.1 million taxpayers declared income in their returns, posing a significant challenge to addressing tax evasion
FBR’s new plan bars non-filers from banking, property transactions
Indigenous Transformation Plan targets non-filers, unregistered manufacturers, and retailer; aims to boost compliance and tackle tax evasion
Prime Minister orders third-party audit of FBR projects
FBR transformation plan approved; new strategy aims to improve enforcement, digitization, and tax collection
FBR to outsource audits of high-net-worth individuals and firms to detect tax evasion
Plan to hire 4,000 auditors; potential Rs7.1 trillion in untapped revenue identified
Govt to unveil Rs650bn mini-budget with focus on tax evasion, higher GST
FBR to target property, tractor taxes, and crack down on non-filers
FBR proposes stringent actions against tax evaders amid IMF pressure
Freeze on bank accounts, property purchase bans, and utility disconnections among proposed measures