FBR imposed penalties on real estate agents for not implementing Anti-money laundering regime
The Federal Board of Revenue (FBR) has intensified offsite and onsite inspections against Designated…
New Deadline for implementation of Biometric Verification System for Exchange Companies
The State Bank of Pakistan (SBP) has set a new deadline of June 30, 2022, for exchange companies to…
Single Sales Tax Portal a Step Away
Prime Minister Imran Khan is likely to launch the Federal Board of Revenue’s new single sales tax…
NADRA biometric system for Dollar buyers is live now
The National Database and Registration Authority has activated the mandatory biometric verification…
FBR completed FATF actions on Anti Money Laundering and DNFBPs before deadline
FBR has completed actions on DNFBPs in the FATF action plan in just one reporting cycle and one year…
Penalty for Non Filing of Annual Income Tax Returns 2021
A penalty of Rs1,000 each day of default has been implemented from Saturday after the expiry of…
No Warning from FBR before freezing taxpayers bank accounts
Previously, FBR had to inform taxpayers 24 hours prior to freezing their bank account. Business…
FBR unearths massive tax evasion
Collectorate of Customs Export, Port Muhammad Bin Qasim (PMBQ) has identified a massive tax evasion…
List of Tier-1 Retailers identified by FBR to integrate with POS system to claim input tax
The Federal Board of Revenue (FBR) has issued a list of 1,136 big retailers (Tier-1) who are…
Procedure to get extension in Date for filing annual Income Tax Returns
In case a person unable to file annual Income Tax return and wealth statement by due date he has…
