FBR updates, income tax, budgets and markets for Pakistan
The Federal Board of Revenue (FBR) has decided to revise and increase the value of the immovable properties to bring them at par with the prevailing market rates. According to the FBR’s…
Collectorate of Customs Export, Port Muhammad Bin Qasim (PMBQ) has identified a massive tax evasion in the import of "rejected plastic rolls waste". According to media reports, a packing company has taken…
The Federal Board of Revenue (FBR) has issued office directive to allow the field formations to freeze the bank accounts of taxpayers without any prior approval of the Chairman FBR and without…
The Federal Board of Revenue (FBR) has received record number of 2.163 million income tax returns for the tax year 2021 up to October 11, 2021. According to media reports here on…
Federal Board of Revenue (FBR) has once again urged all the taxpayers, both old and new, to make the most of one-time extension of 15 days granted for filing of Income Tax…
Building further on its ongoing drive for digitization and automation of various processes involved in revenue collection, Federal Board of Revenue (FBR) has developed “Single Sales Tax Portal” to facilitate the taxpayers…
32A Challan Form is used to deposit the Govt of Pakistan fee, taxes and duties. The challan form 32a and 32-A challan form has 2 copies filled by deposit persons. 1 copy…
The power to appoint NAB Chairman will be exercised by none other than the president himself under the National Accountability Bureau Amendment Ordinance (NAO) 2021, which he promulgated on Wednesday. It says…
The Federal Board of Revenue (FBR) has issued a list of 1,136 big retailers (Tier-1) who are required to be integrated with the FBR’s Point of Sale (POS) system, announcing that they…
The State Bank of Pakistan (SBP) has decided to impose 100% Cash Margin Requirement (CMR) on the import of 114 items, taking the total number of items subject to Cash Margin to…
Prime Minister Imran Khan has launched the Kamyab Pakistan Program in a ceremony in Islamabad today. The program worth Rs. 1400 billion is aimed at uplifting 3.7 million poor households and is…
SR0 No 127900/2021.- In exercise of the powers conferred by sub-section (1) of section 76 of the Sales Tax Act, 1990, the Federal Board of Revenue with the approval of the Federal…
A leaked data on offshore companies that is larger in size than the Panama Papers, exposed the financial secrets of the global rich and powerful, including politicians, financiers, retired generals, media owners…
When a PTCL's landline connection user pays his monthly bill then it includes cost, income tax, sales tax and other taxes. Income tax paid by the connection holder is advance tax under…
The Federal Board of Revenue (FBR) on Saturday clarified that no extension will be given for the filing of income tax returns after October 15, 2021. The tax authority's reaction comes after…
The State Bank of Pakistan (SBP) announced on Thursday an extension in the deadline for encashment, conversion, and redemption of prize bonds of denominations of Rs15,000, Rs25,000, and Rs40,000. "In this connection,…
How to Pay PSW's (Pakistan Single Window) Rs.500 Subscription Fee Online. Pakistan Single Window (PSW) is a new and recently launched trade facility system in Pakistan. In this system, each and every…
Pakistani citizens still have the opportunity to file their income tax returns as the last date for tax returns for 2021 has been extended by by the Federal Board of Revenue (FBR).…
In case a person unable to file annual Income Tax return and wealth statement by due date he has right to get extension in date for filing annual income tax returns on…
The Federal Board of Revenue has re-iterated its position that there shall not be any extension in the statutory date of filing of income tax returns for Tax Year 2021. The last…