Non-Filers not allowed to buy immovable property or cars, FBR clarifies
Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of the press which states that the new...
Salaried class to suffer as govt mulls reversing income tax slabs
Tax exemptions for individuals earning Rs400,000 to Rs1.2m per annum likely to be withdrawn
ISLAMABAD:Â In an effort to increase the tax revenue...
Is Ernst & Young about to exit Pakistan?
Ernst & Young, the global accounting and professional services firm that goes by its brand name EY, is re-evaluating its relationship with...
FBR seeks info of account holders having deposits above Rs0.5m
The Federal Board of Revenue (FBR) has acquired from the State Bank of Pakistan (SBP) information about bank account holders having deposits...
Customs duty exemption on imported phones removed
ISLAMABAD: The customs duty exemption that was previously available on bringing one imported phone to Pakistan has been removed, as per the...
Budget 2019-20: Salaried class to pay more taxes under PTI govt
Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
FPCCI asks FBR to withdraw tax on Immovable property under Section 7E
ISLAMABAD: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has formally asked the Federal Board of Revenue to withdraw tax on...
FBR slaps 25% sales tax on high-end local vehicles
New tax rate applies to vehicles priced over Rs 4 million
‘Tax on token payments, registration of cars remains unchanged’
Federal Board of Revenue (FBR) has strongly
rebutted the perception that the rate of tax for token payment and registration
of cars has been...
FBR seeks withholding tax details of all account holders
The Federal Board of Revenue (FBR) on Saturday sought details from the banks regarding withholding tax of all the account holders.
FBR said...
FBR receives data of withholding taxes from banks
People asked to disclose undeclared bank accounts under amnesty scheme by June 30
ISLAMABAD:Â The Federal Board of Revenue (FBR) has received details...
FBR barred from keeping taxpayer’s audit info secret
'How can a taxpayer defend himself during the audit process when parameters and reasons will not be disclosed to him?'
LAHORE:Â Putting the...
FBR recommends three phases for new amnesty scheme
ISLAMABAD:Â The Federal Board of Revenue (FBR) has recommended three phases for the new tax amnesty scheme for undeclared assets.
According to a tax...
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...
FBR not to tax annual property rent income of up to Rs0.2m
The Federal Board of Revenue (FBR) has clarified the new taxation system for selling open plots and constructed properties under the Finance...