FBR updates, income tax, budgets and markets for Pakistan
515 articles
What is the Last Date to File Corporate Tax Return. Corporate sector business means an entity that is registered as a private/public limited company in a country. Like in Pakistan, companies are…
Last Date to File ITR of Corporate Sector is December 31. The last date for filing annual income tax returns for corporate entities is December 31, 2022. By this deadline, the companies…
FBR Extends Working Hours on December 30-31 for Tax Collections. The Federal Board of Revenue (FBR) on Friday directed the offices of Inland Revenue LTO/MTOs/CTOs/RTOs to observe extended working hours to facilitate…
Taxpayers Alert! Today is Last Date to File Tax Return. Here is an Alert for taxpayers who have still not submitted their annual income tax returns for the tax year 2022. They…
FBR has Corrected Tax Return Form for IT Exporters Under Section 154A. Here is good news for IT Exporters the Federal Board of Revenue (FBR) has corrected and removed the error in…
What is the New Tax Deadline for 2022 Pakistan? Federal Board of Revenue (FBR) has issued a circular to relax the income tax return filing deadline up to December 15, 2022. However,…
Will FBR Extend the Last Date to file Income Tax Returns? The majority of taxpayers have filed their income tax returns for the tax year 2022. However, Still, tax returns of a…
FBR Iris Website is currently Under Maintenance. As per FBR's information on his IRIS website, the website is currently unavailable and is under maintenance. FBR said, " We are sorry for the…
FBR Fixes Foreign Currency Limits for International Passengers. The Federal Board of Revenue (FBR) has decided to fix a maximum limit of $5,000 (per visit) and $30,000 (annually) for outgoing international passengers…
To encourage documentation of the economy and increase the tax net FBR initiated a step by integration of Point of Sales (POS) of tier 1 retailers with the FBR system. Under this…
All you need to know about Filer and Non-filer in Pakistan. According to the tax laws of Pakistan, there are many differences between a filer and a non-filer. Common citizens of Pakistan…
FBR Once again Extended the Last Date to File Income Tax Returns 2022. On Monday, the government extended the last date for filing annual income tax returns for the tax year 2022…
FBR is likely to Extend Last Date for Filing Annual Tax Returns. The Federal Board of Revenue (FBR) to facilitate the business community will likely extend the last date of filing annual…
Latest FBR POS Lucky Draw 15 October 2022. Federal Board of Revenue (FBR) draws its lucky draw of the Point of Sales (POS) Prize Scheme on the 15th of every month for…
PHMA Demands Release of Sales Tax Refunds. Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Saturday demanded from the FBR to release exporters’ sales tax refunds. A letter was sent by the…
Latest MoU was signed by HMRC and FBR in 2022. Recently, the Federal Board of Revenue (FBR) and His Majesty’s Revenue and Customs of the United Kingdom of Great Britain and Northern…
What is the Latest Tax to-GDP Ratio of Pakistan? Tax-to-GDP ratio currently is at 9.2 percent according to the Federal Board of Revenue (FBR) report on 2021-22 performance. According to the report,…
Tax Year 2023 started in July 2022. Now, the first quarter of the tax year 2023 has ended as of September 2022. FBR recently released stats of what it has achieved in…
According to media news, In a press conference Finance Minister, Ishaq Dar announced a one-month extension in filing a tax return for the tax year 2022. The last date for filing a…
Today is 30th September 2022, the last date for filing annual income tax returns for Salaried, Individuals and Sole Proprietors. Still, FBR has not extended the due date for filing tax returns.…