FBR updates, income tax, budgets and markets for Pakistan
234 articles
According to media news, In a press conference Finance Minister, Ishaq Dar announced a one-month extension in filing a tax return for the tax year 2022. The last date for filing a…
Today is 30th September 2022, the last date for filing annual income tax returns for Salaried, Individuals and Sole Proprietors. Still, FBR has not extended the due date for filing tax returns.…
Is there any Chance of Date Extension of ITR Filing? Today is 30th September 2022, the last date for filing annual income tax returns for Salaried, Individuals and Sole Proprietors. Still, FBR…
Refund Adjustment of Past Years from the Income Tax Returns. The new tax return form of the Federal Board of Revenue (FBR) challenged in the IHC on Monday. The petition has been…
What is the Latest News about the Extension on the Last Date for Filing Tax returns in 2022? Income Tax Return Filing Date Expires on September 30, 2022. We are a few…
Income Tax Return Filing Date Expires on September 30 2022. We are a few days away from the deadline for filing our income tax returns (ITRs) for the financial year 2021-22 (FY22).…
Sindh Revenue Board Contributed to the Flood Relief Fund:. Currently, Pakistan is affecting a great loss of important human causalities along with infrastructure damage due to floods. In this difficult time, everyone…
FBR decides penal action against tax officials on Non-Declaration of Assets:. Federal Board of Revenue (FBR) has decided penal action against tax officials who failed to submit their asset declarations. A statement…
FBR Rebuts News Story Published by a Newspaper:. Federal Board of Revenue(FBR) has categorically rejected the news item published in a newspaper that FBR system is under a major 'cyber attack'. This…
Surcharge Imposed for Clearance of Banned Consignments Government has allowed release of banned consignments subject to imposition of 15% surcharge. This is in terms of paragraph 20 of the Import Policy Order,…
Extension in Date of Submission of Sales Tax Return Federal Board of Revenue (FBR) extended last date to file sale tax return for the month of June 2022. Last date for payment…
Tax Offices, State Bank and National Bank Timings on 30 and 29 June: Pakistan tax offices have been directed to follow extended office hours on the last two days of the current…
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…
Information Minister Marriyum Aurangzeb announced on Thursday that the government has imposed a ban on the import of 38 non-essential luxury items under an "emergency economic plan". She made the announcement while…
Pakistan Hi-Tech Hybrid Seed Association Sunday demanded of the government immediate withdrawal of 17% Sales Tax on all kinds of agricultural seeds to avoid shifting of its burden on poor people. According…
The federal government on Wednesday appointed Muhammad Asim Ahmad as Chairman Federal Board of Revenue (FBR). Asim Ahmad appointed in replacement of Dr. Ashfaq Ahmed as new FBR Chairman. A notification to…
The Federal Government has decided to change Federal Board of Revenue (FBR) Chairman Ashfaq Ahmed, ARY News reported, quoting informed sources. Asim Ahmed, an officer from the Inland Revenue Service (IRS), has…
The Federal Board of Revenue (FBR) has brought amendment in the monthly sales tax return form to disallow 60 percent input tax credit to big nonintegrated Tier-1 retailers who have still not…
Active taxpayer list is a record of taxpayers who have submitted their tax returns of previous years. It’s updated on the basis of previous years submission of tax returns. The active taxpayers…
According to official statement, the tax authority has attached various bank accounts of Sui Southern Gas Company Limited (SSGC) for the non-payment of General Sales Taxes (GST) which was paid by its…