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UPDATES
FBR issues SRO to allow conditional input tax credit for supplies from AJK and GB

FBR issues SRO to allow conditional input tax credit for supplies from AJK and GB

The Federal Board of Revenue (FBR) will allow input tax credit against electronic data of supplies by the persons registered in Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan (GB). The FBR has issued SRO 1064(1)/2021,…

UPDATES
Government appoints seventh chairman FBR to Dr Muhammad Ashfaq Ahmed

Government appoints seventh chairman FBR to Dr Muhammad Ashfaq Ahmed

Dr Ashfaq Ahmed has been appointed as the new FBR chairman. This is the seventh time the government is appointing the FBR chairman. He replaces Asim Ahmed — who was appointed four months back. The…

UPDATES
FBR announces planned system downtime up to 30th August 2021

FBR announces planned system downtime up to 30th August 2021

Federal Board of Revenue (FBR) issued Press release today (on 22nd August, 2021) regarding the scheduled downtime of it’s systems (which includes FBR websites, Iris, Taxasaan application, eFBR, and sales tax etc.,). This downtime of…

UPDATES
Eye opening facts of cyber attack on FBR data center

Eye opening facts of cyber attack on FBR data center

On the question of a journalist Finance Minister Shaukat Tarin informed that he has decided to take a third-party view before taking any action in case of the worst ever cyber-attack that brought down the…

UPDATES
FBR issues latest explanation on FBR Data Center

FBR issues latest explanation on FBR Data Center

Federal Board of Revenue (FBR) has issued the explanation regarding latest situation pertaining to service optimization of FBR Data Center. FBR has clarified that all applications having public interface have been operationalized and running smoothly.…

UPDATES
FBR Extends Deadline for Filing Sales Tax and FED Returns

FBR Extends Deadline for Filing Sales Tax and FED Returns

The Federal Board of Revenue (FBR) has extended the date of payment and submission of Sales Tax and Federal Excise Return for the Tax Period of July 2021. In its letter to all Chief Commissioners…

UPDATES
Cyber attack on FBR websites, affected all data centers, and shipments

Cyber attack on FBR websites, affected all data centers, and shipments

The Federal Board of Revenue (FBR) has been the target of a cyber attack by hackers that has shut down all government websites operated by the FBR. The closure of FBR websites and data centers…

UPDATES
FBR Increases Customs Duties of Chinese Mobile phone accessories

FBR Increases Customs Duties of Chinese Mobile phone accessories

Directorate General of Customs Valuation Karachi has increased customs values of the accessories of the Chinese-origin mobile phone accessories for correct assessment of duties and taxes at the time of import clearance. In this regard…

UPDATES
FBR increases minimum price of steel products

FBR increases minimum price of steel products

In the wake of increased prices of steel products in the domestic & international markets, Federal Board of Revenue (FBR) has increased the minimum prices of steel products vide SRO 985 dated 4th Aug, 2021. Last time…

UPDATES
FBR issues clarification on suspicious exemption certificates

FBR issues clarification on suspicious exemption certificates

Federal Board of Revenue has issued a clarification on a news story titled “FBR issues thousands of suspicious exemption certificates” appearing in a magazine with the name “Profit” in its edition of 10th August, 2021. The…

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