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…
Shaukat Tarin warns Tax defaulters of action after third-party audit
Federal Minister for Finance and Revenue Shaukat Tareen has warned that if any error is found after…
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…
Exporters now need no sales tax zero rating: FBR
Dr. Muhammad Ashfaq, Member, Inland Revenue (Operations), FBR, said that the newly upgraded…
Non-textile sector DLTL refunds approved
To facilitate exporters, the Ministry of Commerce has approved Rs. 213 million under the ‘Draw…
