FBR updates, income tax, budgets and markets for Pakistan
234 articles
It is learned that a taxpayer, approached to Federal Tax Ombudsman through Waheed Shehzad Butt, Advocate. Against CTO Tax Employees CIR, Enforcement and Additional Commissioner. Where they has demanded non-existence tax demand…
Currently, the Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the first eleven months of current tax year / fiscal year. According to the information, FBR has…
Rana Qamar Al Hassan, Director, Excise and Taxation Department, Punjab, said that the government planned to increase the use of electricity instead of petrol in vehicles so as to reduce the import…
During a meeting with the business community at the Faisalabad Chamber of Commerce and Industry (FCCI), he appealed to every citizen to submit their tax returns. Highlighting the issuance of notices to…
The traders’ union leaders explained that the coronavirus pandemic situation has damaged businesses. Which made it impossible for them to meet expenditures and faced heavy losses in past one year. They also…
Pakistan became a member of TIR (International Road Transport) Convention in 2017. TIR has 77 contracting parties including China, Afghanistan, Iran, Turkey and all Central Asian Republics (CARs). After becoming member, Pakistan…
Meetings held with different chambers of commerce and taxpayer associations. In a press release on Monday, the Sindh Revenue Board (SRB) approved a proposal for tax incentive scheme. Under this scheme penalties…
FBR explained that in a meeting with Pakistan Telecommunication Authority (PTA). According to this the passengers can register up to 5 mobile phones on their passports. In case of high end phones…
Karachi tax bar Association asked the FBR to extend the last date of payment of sales tax and date of filing of the monthly sales tax return for the period April 2021…
On this occasion, Chairman Anti-Benami Adjudicating Authority Muhammad Ali, Member FATE and Director General Anti-Benami Initiatives Syed Nadeem Hussain Rizvi, Member Administration Bakhtiar Muhammad and other members and officers were present. Chairman…
In order to facilitate exports and other trade activities, Federal Board of Revenue’s Customs Wing has issued instructions to all Customs field formations to work as normal working days on 8th, 10th…
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…
As per Establishment Division’s Notification No. 34/1/2018-E-1 dated 09.04.2021, Mr. Asim Ahmad, has left the charge of the post of Member (IT), Federal Board of Revenue (HQ), Islamabad on April 9 and…
According to a country based report on Pakistan released by the International Monetary Fund (IMF) on Thursday. Pakistani authorities have issued a letter of intent (LOI) to re-institute the track and trace…
The memorandum of understanding (MoU) was signed by the Chairman FBR on behalf of FBR. The heads of all provincial revenue authorities signed the MoU on behalf of their respective revenue authorities.…
Currently, there are more than 270 commercial and industrial units operating in KPZ. However, they have to travel 15 km to pay taxes and duties as the nearest tax collection booth is…
Implementation of Trace and Track system introduced by FBR is no doubt very important step of government and FBR. From the start of its development it has become controversial. The contract awarded…
During search operation, a truck load of record of various businesses, invoices and hundreds of stamps. They used this stuff in generation of fake invoices confiscated. So far, it appears that the…
According to latest Active Taxpayer List (ATL) issued by FBR for tax year 2020 updated up to March 14, 2021. The total number of active taxpayers have increased to 2.37 million. As…
A notification issued by National Command and Operation Center (NCOC) Under Epidemic Diseases Control Act 1958, vide No .l (135)•HC(G)i2021 dated 11-03•2021. According to notification all types of sports, cultural and other…