FBR updates, income tax, budgets and markets for Pakistan
Chairman FBR / Secretary Revenue Division, Dr. Muhammad Ashfaq Ahmed has condemned the firing incident in Allama Iqbal Town,Lahore targeting an officer of FBR. This evening, Mr. Salman Naveed, an IRS officer…
Instructions issues by Chief Commissioner Regional Tax Office (RTO) Lahore Nasir Iqbal Khan for monitoring of sales of those Tier-1 Retailers (T-1Rs) who are resisting integration with Point of Sale (POS) system.…
The federal cabinet on Tuesday approved the State Bank of Pakistan (SBP) amendment bill to give absolute autonomy to the central bank in a bid to qualify for the $1 billion loan,…
Apple IPhone XR is a device launched in Pakistan. The official price of this phone is 151799 Rupees. The Apple IPhone XR price in Pakistan is more then $130/- which includes 20%…
The proposed increase of five percent (5%) in the withholding tax (WHT) on telecommunication services and the standard rate of 17% percent sales tax on import of computers and accessories is expected…
The government is all set to introduce the amended Finance bill, and State Bank of Pakistan (SBP) autonomy bills in Parliament for approval tomorrow (Tuesday) despite resistance by opposition. Both the bills…
Taxpayers are again requesting to Federal Board of Revenue (FBR) that the mandatory condition of digital modes of payment for companies (corporate sector) be allowed simultaneously with other conventional means of payments…
PTA Tax on Apple iPhone 13 Series, Including iPhone 13/ 13 Mini, iPhone 13 Pro & iPhone 13 Pro Max in Pakistan. Apple iPhone 13 Mini PTA Tax (All Variants) Tax Payable:…
Apple IPhone 12 Mini is a device launched in Pakistan. The official price of this phone is 157292 Rupees. The Apple IPhone 12 Mini price in the country is more then $130/-…
The Federal Tax Ombudsman (FTO), in pursuance of Own Motion (OM) investigation powers conferred to him under Section 9(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance), has ordered to probe…
The Corporate Tax Office (CTO) Lahore has imposed penalty of reducing adjustable input tax by 60% against 35 Tier-1 Retailers (T-1Rs) for their failure to integrate with Point of Sale (POS) system.…
The government of Pakistan completed the mini-budget to the tune of Rs 360 billion that would smack 17% General Sales Tax (GST) on around 140 vital expendable and manufacturing goods, as well…
The Federal Board of Revenue’s (FBR) technology head has resigned from his position due to differences over his salary package. Chief information officer (CIO) resigns on over four times higher salary than…
The Federal Board of Revenue (FBR) has decided to revise the prescribed “Form” for the taxpayers for filing of references to the High Courts on question of law in the tax matters.…
Following a policy of zero tolerance against corruption, highhanded, and misconduct Federal Board of Revenue (HQs) Islamabad has suspended three officials posted in Collectorate of Customs Enforcement, Lahore. This evening, the top…
The telecommunication companies, courier companies, and big services providers would file a single sales tax return from January 2022 instead of multiple sales tax returns with the provincial revenue authorities of Punjab,…
Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Friday said that the government is bringing a ‘mini budget’ next week under an agreement with the International Monetary Fund…
According to the SBP, the program has been designed to incentivize Pakistani workers abroad to send remittances to Pakistan through banks and exchange companies. They will get reward points every time they…
The Federal Board of Revenue (FBR) registered 215 First Information Reports (FIRs) against 267 people under the Anti-Money Laundering (AML) Act in the last four years. Chairman FBR, Muhammad Ashfaq Ahmad, shared…
The Federal Board of Revenue (FBR) has decided to outline guide techniques for Inland Revenue Officers for effective monitoring of sales and clearances of goods at the big retail outlets and manufacturing…