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...
Over 95,000 people availed Assets Declaration Scheme so far: Shabbar Zaidi
--‘Purpose of this scheme is not revenue generation; rather it focuses on documentation of economy’
ISLAMABAD: More than 95,000 people have registered their...
‘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...
IMF not in favour of amnesty schemes: official
'Such schemes usually have huge costs such as undermining taxpayers' moral and sense of fairness'
International Monetary Fund’s Resident Representative to Pakistan...
FBR chairman rejects Faisal Vawda’s claim, say no extension in amnesty scheme
Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Saturday rejected the news regarding an extension in the date of the Asset...
PM Imran hints at extending amnesty deadline
Prime Minister Imran Khan on Thursday hinted at extending the deadline of the Asset Declaration Scheme after "an increase in the demands...
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...
‘Declared assets cannot be presented as evidence against declarer’
ISLAMABAD:Â Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that the declared assets could not be referred to as evidence for...
Declare your hidden assets or face imprisonment, FBR warns expats in Dubai
Pakistani nationals living in the United Arab Emirates (UAE) were warned on Tuesday to disclose their 'hidden' assets by June 30 to...
Register now, pay taxes later, PM Imran tells nation
Says people can declare their assets by June 30 deadline and make payments in instalmentsÂ
Promises to reform tax authority, says...
Automated system for sales tax registration to take effect from July 1st
ISLAMABAD:Â The Federal Board of Revenue (FBR) has announced that the automated system for sales tax registration will be effective from July 1st,...
FBR traces out 13,500 expensive, luxury cars in Sindh
KARACHI:Â The Federal Board of Revenue (FBR) has tightened the noose against tax defaulters, owning expensive cars and living a luxurious life without...
FBR appoints national coordinator to implement Benami law
ISLAMABAD:Â The Federal Board of Revenue (FBR) had appointed Nosheen Amjad as National Coordinator for implementation of Benami Transactions (Prohibition) Act, 2017.
The Benami...
Tobacco growers stand divided on implementation of advance tax
'Farmers that are influenced by illegal manufacturers are only making the advance tax issue a political game'
ISLAMABAD:Â While a group of tobacco...
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...