FBR updates, income tax, budgets and markets for Pakistan
The United States and Turkey have agreed to terms for withdrawal of Turkey's digital services tax that largely targeted highly profitable U.S. technology giants and will transition to a new global taxation…
The rollout of first phase of Pakistan Single Window (PSW) is underway and it will be completed in March 2022, said Adviser to Prime Minister on Finance and Revenue Shaukat Tarin. Presiding…
In a historic development and a special ceremony organized at Prime Minister’s Office here on Tuesday, the Prime Minister of Pakistan Mr. Imran Khan unveiled FBR’s Track & Trace System on Sugar…
Hackers have stolen more than Rs. 5.8 million cash from an ATM of a branch of the National Bank of Pakistan (NBP) located in Pindi Bhattian, a city of Punjab’s Hafizabad district.…
The Federal Tax Ombudsman (FTO) has issued a landmark order against an Inland Revenue Commissioner of the Corporate Tax Office Lahore (CTOL) for blocking fully verified income tax refunds by adopting delaying…
With the growing trend of social media, governments and the general public of different nations utilize the online platform to connect with the public. Gone are the days when people would go…
Nowadays, everyone talks about investing in cryptocurrency and how investing in crypto will make you rich in days. The thing is people don’t know that digital currencies experienced many ups and downs…
The rates of income tax on motor vehicles for tax year 2022 to be applicable under Second Schedule of Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income…
The Federal Board of Revenue (FBR) will introduce the concept of virtual assessment of imported goods to replace with the existing system of Appraisers Assessments at ports. The FBR Member Customs (Policy),…
PTA has developed a Device Identification Registration & Blocking System (DIRBS) to facilitate customers and help them check whether their mobile devices is PTA approved or not. Last week, PTA has launched…
Apple IPhone X is a device launched in Pakistan. The official price of iphone X is 144999 Rupees. The Apple IPhone X price in the country is more then $1,081/- which includes…
Apple IPhone 11 is a device launched in Pakistan. The official price of this phone is 144900 Rupees. The Apple IPhone 11 price in Pakistan is more then $130/- which includes 20%…
The Customs Court framed charged against Muhammad Jawaid of M/s Friends Enterprises and summons to prosecution witnesses for recording their statements for next date of hearing, in first information report (FIR) for…
The Federal Board of Revenue (FBR) has decided to penalize the tax officials putting external pressures on the top FBR management for their postings, transfers, deputations, or other service matters. In this…
The Senate Standing Committee on Finance on Thursday reviewed the Tax Laws (Third Amendment) Bill, 2021 and recommended with a majority vote a number of recommendations, including the one rejecting the suggestion…
Applications / nominations are invited for the post of Chief Executive Officer (CEO) of Federal Board of Revenue Foundation (FBRF) by 30th November, 2021 before 5:00 pm. Criteria: The incumbent must possess.1.…
The State Bank of Pakistan expressed serious concerns on Thursday over speculation by banks in the currency business, saying they were involved in the multibillion-rupee game. Banking sources said a high-level meeting,…
Chairman FBR has shown his inability to bring over 4 million willful law violators to the tax net due to the lack of capacity. Dr Mohammad Ashfaq, FBR Chairman, took charge over…
The State Bank of Pakistan (SBP) is soon be granted autonomy as an amendment bill was approved in the parliament on Wednesday, bringing Pakistan a step closer to reviving the $6 billion…
The Lahore High Court (LHC) issued contempt notices to the Federal Board of Revenue (FBR) over its failure to implement the court’s orders pertaining to the minimum tax computation formula adopted by…