FBR updates, income tax, budgets and markets for Pakistan
12 articles
Government Employees Likely to Get Increase in Salary in Budget. Ashfaq Tola, Who is Chairman of the Reforms & Resource Mobilization Commission, informed on Wednesday that government employees are likely to get…
Reasons Why We do Pay Taxes? Tax is one of the main sources of income for any Government of a country. Without tax receipts, Governments cannot meet their expenditures of the state.…
We have given here a list of the UK’s biggest and top tax evasion cases here. Dominic Chappell, a UK top businessman who bought a UK based retailer BHS from Philip Green…
The Federal Board of Revenue (FBR) has claimed that it has busted the first biggest tax fraud of billions of rupees by tampering with its electronically integrated Point of Sales (POS) system…
The Federal Board of Revenue (FBR) has decided to outline guide techniques for Inland Revenue Officers for effective monitoring of sales and clearances of goods at the big retail outlets and manufacturing…
Chairman FBR has shown his inability to bring over 4 million willful law violators to the tax net due to the lack of capacity. Dr Mohammad Ashfaq, FBR Chairman, took charge over…
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…
Lee Kun-hee (9 January 1942 – 25 October 2020) was a South Korean businessman and industrialist who served the chairman of Samsung Group from 1987 to 2008 and from 2010 to 2020.…
Steel melters and re-rollers units involved in large scale evasion of Federal Excise Duty. By way of escaping of actual production and supplies and suppression of actual value of supplies. This is…
FBR action against unregistered persons who are liable to be registered and are required to pay due sales tax on their taxable supplies under the Sales Tax Act, 1990, Federal Board of…
Tax evasion through tax havens has become a global problem for developed and developing economies. International tax policy experts estimate that global tax revenue lost about 200$ billion a year as a…
Complete procedure for registration as informer and other conditions are specified in the Income Tax Rules, 2002. An “Informer” means any person, a group of persons or a company who provides any…