FBR updates, income tax, budgets and markets for Pakistan
515 articles
The Federal Board of Revenue (FBR) has brought amendment in the monthly sales tax return form to disallow 60 percent input tax credit to big nonintegrated Tier-1 retailers who have still not…
The Federal Board of Revenue has announced a very interesting FBR POS Prize Scheme in which you can win 10,00,000 Rupees every month. FBR Announces prizes for purchasing any item from the…
The FBR has issued 40 notifications to downward revised Property Valuation Rates of Immovable Properties tables here on Thursday. Previously, in December 2021, to revise the rates of fair market value of…
The Ministry of Finance circulated a summary among the federal cabinet members on Monday for their approval of the such tax amnesty scheme through the Income Tax Amendment Ordinance 2022. Under the…
The Active Taxpayer List (ATL) is a centralize record / data of online Income Tax Return filers for the previous Tax Year (Now Like, Tax Year 2021). Active Taxpayer List (ATL) is…
Active taxpayer list is a record of taxpayers who have submitted their tax returns of previous years. It’s updated on the basis of previous years submission of tax returns. The active taxpayers…
Pursuant to Statutory Regulatory Orders (SRO) No 1534(1)/ 2021 and 1572(1)/2021, a special order of the government — or office memorandum — had already been issued by the tax machinery on the…
The Federal Board of Revenue (FBR) will publish the Active Taxpayers’ List (ATL) for the Tax Year 2021 on 1 March 2022 in accordance with the provisions of Rule 81B of the…
Even after the FBR had already extended the date to file the sales tax returns for the month of January till February 25, 2022. Exporters were still unable to file the returns…
According to the Federal Board of Revenue (FBR), total 114,405 Sales Tax Returns for January 2022 were filed to date through National Sales Tax Return (NSTR) compared to 161,379 in December 2021.…
According to official statement, the tax authority has attached various bank accounts of Sui Southern Gas Company Limited (SSGC) for the non-payment of General Sales Taxes (GST) which was paid by its…
Presentation was given by the leading hospitals to the Federal Board of Revenue (FBR) Chairman disclosed that the omission of entry number 52-A from the Sixth Schedule of the Sales Tax Act,…
Chairman of the Pakistan Pharmaceuticals Manufacturing Association (PPMA) explained the problems facing by the Pharmaceutical manufacturers, importantly the issues relating to refund of sales tax. These issues result in unnecessary wastage of…
If you want to check National Tax Number (NTN) by using CNIC Number then follow the below method: Provide your “Registration No” in the registration field. (Number Provided by FBR while taxpayer's…
The Federal Board of Revenue has announced a very interesting FBR POS Prize Scheme in which you can win 10,00,000 Rupees every month. FBR Announces prizes for purchasing any item from the…
In this regard a Memorandum of Understanding (MoU) was signed between the FBR and Pakistan Tax Bar on February 07, 2022 at FBR HQ Islamabad. The FBR said that in a historic…
Calling it “malicious in intent and suspicious in content,” the tax machinery declared that “the information contained in the instant news story is laughably unfounded, misleading, and far from facts.” The regulator…
The Federal Board of Revenue (FBR), here on Wednesday, decided to implement it's sales tax refund system named “FASTER-Pharma” for the pharmaceutical sector. It will process the sales tax refunds within 48…
The Federal Board of Revenue (FBR) has decided to re-notify new rates of immovable property valuation on March 1st, 2022. Pursuant to Statutory Regulatory Orders (SRO) No 1534(1)/ 2021 and 1572(1)/2021, a…
The Federal Board of Revenue (FBR) in collaboration with the Federal Investigation Agency (FIA) and the Nadra on Tuesday launched the ‘Automated Currency Declaration System’ (ACDS) for real time recording of foreign…