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FBR issues directive to freeze taxpayers’ bank accounts without notice

FBR issues directive to freeze taxpayers’ bank accounts without notice

The Federal Board of Revenue (FBR) has issued office directive to allow the field formations to freeze the bank accounts of taxpayers without any prior approval of the Chairman FBR and without 24 hours prior…

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No Warning from FBR before freezing taxpayers bank accounts

No Warning from FBR before freezing taxpayers bank accounts

Previously, FBR had to inform taxpayers 24 hours prior to freezing their bank account.  Business community and tax bars are disappointed over FBR’s decision. Business community says FBR’s decision will be a hurdle for ease…

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Govt considering withdrawal of sales tax exemptions

Govt considering withdrawal of sales tax exemptions

The government is considering over a presidential ordinance to withdraw sales tax exemptions, zero-rating, and reduced sales tax rates to the tune of Rs330 billion within the next 10 to 15 days, according to a…

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Freeze of Bank accounts without intimation to taxpayers by FBR

No Warning from FBR before freezing taxpayers bank accounts

Previously, FBR had to inform taxpayers 24 hours prior to freezing their bank account.  Business community and tax bars are disappointed over FBR’s decision. Business community says FBR’s decision will be a hurdle for ease of doing business.  The Federal Board of Revenue (FBR) has withdrawn its clause that directed the Board to warn taxpayers...

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Will FBR extend date for filing annual income tax returns 2021?

Will FBR extend last date in filing income tax returns 2021?

The Federal Board of Revenue (FBR) on Wednesday cleared that it is not considering an extension in the date for filing annual income tax returns after deadline of October 15 2021. According to a statement by the FBR spokesperson, taxpayers should submit annual tax returns before October 15. “No extension beyond the extended deadline“, FBR...

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Current figures of income tax return filings for tax year 2021

Current figures of income tax returns filing for tax year 2021

The Federal Board of Revenue (FBR) has received record number of 2.163 million income tax returns for the tax year 2021 up to October 11, 2021. According to media reports here on Monday that the response of the taxpayers is very encouraging in filing of annual income tax returns for the tax year 2021. Tax...

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