FBR informs World Bank about recent tax reforms

ISLAMABAD: A meeting was held between the representatives of the Federal Board of Revenue (FBR) and World Bank on the tax reforms introduced by FBR...

‘Tax-evading tobacco companies only paid Rs1.5bn in FY18’

ISLAMABAD: The tax-evading tobacco companies have just paid two per cent in taxes (Rs1.5 billion) in the fiscal year 2017-18.This was stated by Pakistan Tobacco...

‘Anomalies in tax software to be removed soon’

Taking notice of the show cause notices issued to the commercial importers, State Minister for Revenue Hammad Azhar has said the anomalies in the...

FBR selects 14,154 cases for audit

Senate Chairman Sadiq Sanjrani, PTI MNA Arbab Amir Yaqoob and PPP MPA Ali Nawaz Khan Mahar also got selected for audit through electronic...

FBR holds awareness session on recent tax reforms

ISLAMABAD: The Federal Board of Revenue held a session in Lahore for leading tax consultants, tax managers and businessmen in order to create awareness about...

Govt mulls abolishing unnecessary withholding taxes: Asad Umar

Finance Minister Asad Umar said on Tuesday that the government was planning to abolish unnecessary withholding taxes, a local media outlet reported.Addressing a ceremony...

‘Crackdown against non-filers to be launched in May’

State Minister for Revenue Hammad Azhar has said that the Pakistan Tehreek-e-Insaf (PTI) government would initiate a crackdown against non-filers in May, Radio Pakistan...

Crackdown against benami accounts from next week: FBR

'At least 76 properties and 46 vehicles were confiscated in recent weeks'The Federal Board of Revenue (FBR) has decided to launch a crackdown...

‘Flat tax scheme, rent control act to become reality soon’

ISLAMABAD: Ensuring the businessmen of Islamabad that a balanced rent control bill would be presented in the parliament soon, Minister of State for Revenue Hammad...

No revisions in rates for tax on cash withdrawal, FBR clarifies

ISLAMABAD: The federal government has neither revised the rates or limits for tax on cash withdrawal from the bank accounts under section 231A, nor on...

Rs8.2bn recovered as FBR intensifies crackdown

ISLAMABAD: The tax department has recovered Rs8.2 billion from the tax evaders in ongoing arrear recovery drive and crackdown.Sources told this scribe that the Federal...

Asad Umar meets IMF mission chief, discusses tax reforms

 Ernesto Ramirez expresses concern over reduction in tax collectionISLAMABAD: The International Monetary Fund (IMF) new mission chief Ernesto Ramirez Rigo on Tuesday called...

Appointment of FBR’s focal person lauded

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Engr Daroo Khan Achakzai, on behalf of the chamber, praised Federal Board of Revenue...

FBR sensitises tax managers, businessmen on recent tax reforms

ISLAMABAD: The Federal Board of Revenue (FBR) held a number of sessions in Karachi and Lahore to sensitise the leading tax consultants, tax managers and...

‘Govt making fundamental changes in FBR to make it more vibrant’

State minister says efforts are underway to optimise revenues, promote IT-driven processes, and introduce an investment-friendly tax systemISLAMABAD: Minister of State for Revenue Hammad Azhar...

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