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FBR launched electronic filing of appeals from 1st January 2021

Federal Board of Revenue has launched Electronic Filing of Appeals with effect from 1st January, 2021. The Federal Board of… Read More

PTCL license expired

According to PTCL, the business operation license of Pakistan Communication Company Limited (PTCL) expired on December 31, 2020. Now, PTCL… Read More

FBR issued no of tax returns submitted up to year end 2020

According to a statement issued by Federal Board of Revenue (FBR) they have received 2.3 million income tax returns for… Read More

FBR’s datewise activities in year 2020

FBR ISSUES CLARIFICATION (Federal Board of Revenue has issued a clarification regarding extension in Prime Minister’s Construction package.) Dec 31, 2020… Read More

Tax measures & reliefs in response to COVID-19 in 2020 by Pakistan

Government in Pakistan have introduced tax measures to reduce the impact of the COVID-19 pandemic in year 2020. Tax Reliefs… Read More

Prices of all petroleum products increased: A New Year gift

The federal government on Thursday increased prices of all petroleum products. For next fortnight effective from mid-night of January 01,… Read More

Retailers registered with FBR started obtaining CNIC of consumers on sales above than Rs100,000

Retailers registered with the Federal Board of Revenue (FBR) have begun obtaining details of computerized national identity cards (CNICs) from… Read More

Cash paid for immovable property required to be reported under anti money laundering and counter terrorism financing : FBR

Every cash transaction for sale or purchase of housing units worth more than Rs. 2 million must be reported under… Read More

Field formations directed to pay all income tax refunds submitted by January 31, 2021: FBR

The FBR has directed the field formations to immediately pay all income tax refunds. Filed under section 170 of the… Read More

40 percent of registered taxpayers do not file sales tax forms

Forty percent (40%) of the taxpayers registered with the Sales Tax Directorate do not submit their sales tax forms. They… Read More

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