Tax Experts disclosed FBR’s three budgetary proposals impracticable
June 24, 2021
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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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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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. 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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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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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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Federal Board of Revenue (FBR) and all other four Provincial Revenue Authorities have signed a Memorandum of Understanding (MoU) for a single web portal for sales tax return. The memorandum of understanding (MoU) was signed…
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Through the Finance Act, 2020, the Government of the Punjab reduced the rate of Punjab Sales Tax on Services from 16% to 5% on more than twenty services. Punjab Revenue Authority also reduced the rate…
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Tax experts have termed Federal Board of Revenue’s (FBR) three budgetary proposals are not practicable. These includes 1- collection of withholding tax on domestic electricity bills, 2- sales tax from sugar on printed retail price…
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Federal Board of Revenue has issued a clarification on a news story appearing in Daily Times wrongly portraying that “a proposed amendment in the Finance Bill, 2021 makes it mandatory to make payment of total…
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