CEO required for Federal Board of Revenue Foundation

CEO required for Federal Board of Revenue Foundation

Applications / nominations are invited for the post of Chief Executive Officer (CEO) of Federal Board of Revenue Foundation (FBRF) by 30th November, 2021 before 5:00 pm. Criteria: The incumbent must possess.1. Impeccable Service Record.2.…

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Federal Board of Revenue alerts Taxpayers about Fake and Harmful Emails

Federal Board of Revenue alerts Taxpayers about Fake and Harmful Emails

Federal Board of Revenue (FBR) received complaints from taxpayers that emails are being sent to them regarding income tax defaulters list. In a press release, Federal Board of Revenue (FBR) denied any link / relation…

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Federal Board of Revenue Introduces Automated Process for Scanning of Cargo

Federal Board of Revenue Introduces Automated Process for Scanning of Cargo

Pakistan Customs Wing of Federal Board of Revenue introduced a new automated process in WeBOC system for scanning of containerized import consignments for their instant clearance at ports. This new system by Customs was a…

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Federal Board of Revenue Rejected a News Report Published

Federal Board of Revenue Rejected a News Report Published

The Federal Board of Revenue (FBR) has rejected a report published in the Daily Business Recorder. Federal Board of Revenue (FBR) issued a press release. Where FBR has issued a denial on a news item…

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Federal Board of Revenue (FBR) ceased manual processing of income tax refunds

Federal Board of Revenue (FBR) ceased manual processing of income tax refunds

Federal Board of Revenue (FBR) ceased manual processing of income tax refunds. FBR ordered regional tax offices that process the tax refunds at central level through State Bank of Pakistan (SBP). An office order to…

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FBR achieves historic revenue collection growth in November 2021

FBR achieves historic revenue collection growth in November 2021

The Federal Board of Revenue (FBR) has exceeded the five-month tax collection target by Rs298 billion and received around Rs2.3 trillion, largely because of higher collection at import stage, which contributed more than half of…

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500,000 Retailers Targeted by FBR to Boost Revenue

500,000 Retailers Targeted by FBR to Boost Revenue

About 500,000 countrywide retailers with a tax potential of about Rs 1,500 billion are the new target of Federal Board of Revenue (FBR) to ensure growth in revenue collections. According to Business Recorder, the International…

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Intelligence & Investigation Inland Revenue Operation against three unregistered units

Intelligence & Investigation Inland Revenue Operation against three unregistered units

FBR action against unregistered persons who are liable to be registered and are required to pay due sales tax on their taxable supplies under the Sales Tax Act, 1990, Federal Board of Revenue’s. Directorate of…

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Proposed Federal Development Budget

Proposed Federal Development Budget

The federal development budget for the next financial year has been allocated Rs 900 billion, the federal ministries will get Rs 672 billion. According to the documents, Rs 110 billion earmarked for water resources, Rs…

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FBR extends date for filing sales tax & Federal excise return for April 2021

FBR extends date for filing sales tax & Federal excise return for April 2021

Federal Board of Revenue (FBR) extended the date of payment and submission of Sales Tax and Federal Excise Return for the period of April, 2021. The date of payment of Sales tax and FED monthly…

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