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UPDATES
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…

UPDATES
Govt Bans Import of Non-Essential Luxury Items

Govt Bans Import of Non-Essential Luxury Items

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 addressing a press…

UPDATES
Govt urged to withdraw 17% Sales Tax on agriculture seeds

Govt urged to withdraw 17% Sales Tax on agriculture seeds

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 to him, agriculture…

UPDATES
Asim Ahmad Appointed As New Chairman FBR

Asim Ahmad Appointed As New Chairman FBR

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 this effect also…

UPDATES
Govt likely to Appoint Asim Ahmed as New FBR Chairman

Govt likely to Appoint Asim Ahmed as New FBR Chairman

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 been proposed for…

UPDATES
FBR Amends Sales Tax Return Form to deny 60pc input tax to nonintegrated retailers

FBR Amends Sales Tax Return Form to deny 60pc input tax to nonintegrated retailers

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 integrated their businesses…

UPDATES
How to become active tax filer in FBR in 2022

How to become active tax filer in FBR in 2022

How to Become Active Tax filler in FBR in 2022 What is Active Taxpayer List (ATL) Active taxpayer list is a record of taxpayers who have submitted their tax returns of previous years. It’s updated…

UPDATES
FBR Freezes Banks Accounts of Sui Southern Gas Company

FBR Freezes Banks Accounts of Sui Southern Gas Company

The Federal Board of Revenue’s (FBR) Large Taxpayers Unit of Karachi has frozen all banks accounts of Sui Southern Gas Company Limited (SSGC) to recover taxes amounting to Rs. 26 billion. According to official statement,…

UPDATES
Tarin Directs FBR to Settle Sales Tax Refunds of Pharmaceuticals Industry

Tarin Directs FBR to Settle Sales Tax Refunds of Pharmaceuticals Industry

Federal Minister for Finance and Revenue, Shaukat Tarin, held a meeting with a delegation of the Pakistan Pharmaceuticals Manufacturing Association (PPMA) headed by its chairman Qazi M. Mansoor Dilawar at the Finance Division. Chairman of…

UPDATES
FBR seeks Tax Consultants help for tax broadening

FBR seeks Tax Consultants help for tax broadening

The Federal Board of Revenue (FBR) has sought assistance from tax practitioners / tax consultants for broadening of tax base. In this regard a Memorandum of Understanding (MoU) was signed between the FBR and Pakistan…