FTO orders to probe tax officials involved in sales tax refund scam
The Federal Tax Ombudsman (FTO), in pursuance of Own Motion (OM) investigation powers conferred to…
Tax Collections Increased by 37%
The Federal Board of Revenue (FBR) collected Rs1.84 trillion in just four months, an increase of 37%…
No of tax filers for tax year 2021 at deadline
Against 7.2 million taxpayers registered with the Federal Board of Revenue (FBR), just 2.5 million…
Tax Terms Glossary | Tax Terminology | Tax Legal Definitions
The online tax glossary is here to help you understand terms which may be unfamiliar, and to get tax…
FBR decides to deny tax refund claims to retailers resisting integration with tax system
The Federal Board of Revenue (FBR) on Tuesday decided to hold 60% of the refund claims to those top…
Taxation and changes for IT and IT enabled services, startups and freelancers
Let us see the taxation of IT and IT enabled services, freelancer and startups. Both income tax and…
Income Tax Returns Filing for Tax Year 2020 Reaches 2.93m
The income tax returns for tax year 2020 have reached to a new peak of 2.93 million against 2.63…
Despite the obstacles, the FBR issued a Rs250b tax refunds
FBR Inland Revenue (Operations) member Dr Muhammad Ashfaq Ahmed has claimed that despite some minor…
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…
Criteria for selection & conduct of income tax audit
The Federal Board of Revenue (FBR) has issued a criteria for selection and conduct of income tax…
