FPCCI welcomes govt decision of one-time tax amnesty scheme
KARACHI: FPCCI President, Ghazanfar Bilour has hailed the government decision of one-time tax amnesty scheme to bring back the offshore wealth of...
FBR grants exemption on duty payment condition for car imports
KARACHI: A temporary exemption has been granted on duty payment condition for car imports under transfer of residence, personal and baggage scheme...
FBR requests customs related budget proposals for FY 2018-19
ISLAMABAD: The Federal Board of Revenue (FBR) has requested all the stakeholders to send their customs-related budget proposals to the board by...
Customs seeks FBR approval for clearance of 6,000 imported vehicles
KARACHI: Pakistan Customs is seeking Federal Board of Revenue’s approval for clearance of 6,000 used and new vehicles which were imported without...
Government working on multipronged strategy to reform tax structure: PM
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi while speaking at the Pakistan Economic Forum in Islamabad on Wednesday said that the government is working...
Telenor stops deducting withholding tax in Gilgit-Baltistan
ISLAMABAD: Telecommunication company Telenor has informed its subscribers through SMS that the deduction of withholding tax in Gilgit-Baltistan will be stopped from January...
FTO received highest number of tax complaints from Karachi
ISLAMABAD: Out of total 1826 tax-related complaints registered with Federal Tax Ombudsman (FTO), the largest number complaints totaling 553, were filed from...
Govt paid Rs20.241 million sales tax refund to textile sector during FY 2017-18
ISLAMABAD: The government has paid Rs 20,241 million sales tax refund to textile sector during current financial year in order to facilitate...
DPCA uncovers tax evasion in import of cancer drug
KARACHI: A case of tax evasion in import of cancer drug named “Tasigna” has been uncovered by Directorate of Post-Clearance Audit (DPCA).
According...
FBR to establish BTB directorate to enhance tax base
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish directorate for the broadening of the tax base (BTB) in order...
FBR’s request to gain federal govt powers over Benami Transactions Act 2017 rejected
ISLAMABAD: Federal Board of Revenue (FBR) request to hand over authority to minister-in charge of finance for matters of execution in relation...
FBR to remain open on Dec 30 for tax collection
ISLAMABAD: FBR headquarters and all its offices will remain open for Income Tax collection on December 30 till midnight.
Selective branches of National Bank will...
FBR detects huge tax evasion by Telenor in FATA/PATA
ISLAMABAD: As Federal Board of Revenue (FBR), has initiated an audit of telecom companies, after it detected huge tax evasion by one...
CPEC projects: FBR stops tax department from freezing bank accounts
KARACHI: Tax department has been stopped by the Federal Board of Revenue (FBR) from freezing bank accounts of companies for non-compliance in...
Another complete shutter down observed against imposition of taxes in GB
ISLAMABAD: As the government has failed to resolve the issue of imposition of taxes in Gilgit Baltistan without giving the region constitutional...