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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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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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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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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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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FBR and Provincial Revenue Authorities sign MoU on Single Portal and Return for Sales Tax

FBR and Provincial Revenue Authorities sign MoU on Single Portal and Return for Sales Tax

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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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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Draft Income Tax Returns Forms for Salaried, AOPs, and Companies Tax Year 2022

Draft Income Tax Returns Forms for Salaried, AOPs, and Companies Tax Year 2022

The Federal Board of Revenue (FBR) on Tuesday issued draft income tax return forms for tax year 2022. The FBR issued SRO 820(I)/2022 to notify the draft income tax return forms. The forms included: electronic return for…

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Sales Tax Invoice Format Excel Free Download

Sales Tax Invoice Format Excel Free Download

What is Sales Tax Invoice? Sales Tax invoice issues for taxable supply of goods & services. Sales Tax invoice consists details like description of Goods Supplied, quantity, Rate of Goods, value of goods/service, Sales tax…

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