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UPDATES
Procedure for registration of FBR informer

Procedure for registration of FBR informer

A person who wants to become an informer, he should get himself first register with FBR for this purpose. Then he will able to get reward for the sharing of information with the Federal Board…

UPDATES
FBR considering proposals to tax benefit to non-resident or overseas Pakistanis

FBR considering proposals to tax benefit to non-resident or overseas Pakistanis

The Federal Board of Revenue (FBR) is reviewing various proposals to provide some benefits to non-resident or overseas Pakistanis. According to media reports published, that if any such proposals are finalized, they could be incorporated…

MARKETS
State Bank of Pakistan maintained the Monetary Policy rate for the next two months

State Bank of Pakistan maintained the Monetary Policy rate for the next two months

The State Bank of Pakistan (SBP) Monetary Policy Committee on Friday maintained the policy rate at 7% for the next two months. State Bank of Pakistan Governor Dr. Raza Baqir said that the MPC observed…

UPDATES
FBR extends scope of sales tax on IT Services and IT Enabled Services

FBR extends scope of sales tax on IT Services and IT Enabled Services

The Federal Board of Revenue (FBR) has extended scope “IT Services” and “IT Enabled Services” to collect 16% sales tax from service providers under the jurisdiction of the Islamabad Capital Territory (ICT). The FBR issued…

BUDGET
FBR called for income tax proposals for 2021/2022 budget

FBR called for income tax proposals for 2021/2022 budget

The Federal Board of Revenue (FBR) called for income tax proposals for the 2021/2022 budget and asked stakeholders to submit the same by February 15, 2021. The FBR has asked suggestions from the tax offices…

UPDATES
FBR has been asked to be fully digitized by July 2021: PM Says

FBR has been asked to be fully digitized by July 2021: PM Says

Prime Minister Imran Khan said that the Federal Board of Revenue (FBR) has been asked to be fully digitized by July 2021. It allow the government to increase tax collection and allocate more resources in…

Businesses
Telecom sector tax share increases 129% in FY20: PTA

Telecom sector tax share increases 129% in FY20: PTA

The increase in the use of telecom services during the Corona virus lockdown has resulted in a 129 per cent increase in the tax contribution of the sector, which has paid Rs 278 billion in…

TAXATION
FBR allowed to registered persons to file non-export refund claims

FBR allowed to registered persons to file non-export refund claims

The Federal Board of Revenue (FBR) has allowed registered persons to file non-export refund claims through the STARR system at tax offices or the Expeditious Refund System (ERS) by June 30, 2021. The FBR issued…

Businesses
WhatsApp delayed its new privacy policy as users run away to other apps

WhatsApp delayed its new privacy policy as users run away to other apps

WhatsApp has delayed its new privacy policy as users run away from competing apps. WhatsApp is delaying updating its privacy policy after widespread confusion over what data it shares with its parent company, Facebook. Last…

TAXATION
Income Tax Return Filing reached at it’s peak

Income Tax Return Filing reached at it’s peak

Income tax return filing reached at it’s peak of 3.03 million for tax year 2019, according to weekly Active Taxpayers List (ATL) updated on Monday. The FBR issued the weekly ATL – 2019 updated on…

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