UPDATESJanuary 1, 2021FBR's datewise activities in year 2020 By Admin FBR ISSUES CLARIFICATION (Federal Board of Revenue has issued a clarification regarding extension…Read more
BUDGETDecember 30, 2020Retailers registered with FBR started obtaining CNIC of consumers on sales above than Rs100,000 By Admin Retailers registered with the Federal Board of Revenue (FBR) have begun obtaining details of…Read more
UPDATESDecember 28, 202040 percent of registered taxpayers do not file sales tax forms By Admin Forty percent (40%) of the taxpayers registered with the Sales Tax Directorate do not submit their…Read more
TAXATIONDecember 14, 2020FBR extended income tax return filing date up to December 24 By Admin Federal Board of Revenue (FBR) has extended income tax return filing date up to December 24.Read more
FINANCEDecember 10, 2020Prize bond of Rs 25,000 discontinued with immediate effect By Admin Prize bond of Rs 25,000 discontinued with immediate effectThe government has decided to abolish…Read more
TAXATIONDecember 10, 2020FBR clarification: good news for overseas Pakistanis for taking exemption from tax on profit on bank deposits By Admin Income Tax Circular Issued by FBRFederal Board of Revenue (FBR) made it mandatory for overseas…Read more
TAXATIONDecember 7, 2020FBR issued instructions regarding extension procedure By Admin Federal Board of Revenue (FBR) notified instructions for procedures of applying extension requests…Read more
UPDATESDecember 3, 2020Cyber security advisory issued by PRAL for FBR employees working from home By Admin Pakistan Revenue Automation (Pvt) Limited (PRAL) issued a cyber security advisory to Federal Board…Read more
TAXATIONDecember 3, 2020FBR's recommended list of vendors for the provision of Point of Sales (POS) software to retailers By Admin The Federal Board of Revenue (FBR) recommended list of vendors for the provision of Point of Sales…Read more
UPDATESNovember 29, 2020Karachi Tax Bar identified errors in Tax Year 2020 return By Admin Karachi Tax Bar Association (KTBA) identified calculation errors in the online return Federal Board…Read more