Business & Finance - Taxation

FBR unlikely to achieve Rs3.908trn revised tax target

FBR unlikely to achieve Rs3.908trn revised tax target

The Federal Board of Revenue (FBR) will not be able to meet the revised target of Rs 3.908 trillion for 2019-20 even after the resumption...

FBR chief excuses from meeting Senate Chairman

FBR chief excuses from meeting Senate Chairman

The Federal Board of Revenue (FBR) Chairperson, Nausheen Javed Amjad, on Friday excused herself from meeting the Senate Chairman, Sadiq Sanjrani, it has been learnt. Earlier,...

Adjustable FED on un-manufactured tobacco likely to go up

Adjustable FED on un-manufactured tobacco likely to go up

The government is likely to increase the advance adjustable Federal Excise Duty (FED) on un-manufactured tobacco from Rs10 per kg to Rs500 per kg in...

Local-price new tier: FBR misled by KP based local cigarette manufacturers

Local-price new tier: FBR misled by KP based local cigarette manufacturers

The Federal Board of Revenue (FBR) has been grossly misled by the Khyber-Pakhtunkhwa (KP)-based local manufacturers of cigarettes that a "local-price new tier" of the...

Delayed refunds: Expert explains what constitutes compensation calculations

Delayed refunds: Expert explains what constitutes compensation calculations

A leading Karachi-based chartered accountant has explained the compensation calculations for the ease of taxpayers seeking payment of delayed refunds from the date of refund...

Planned Egypt ‘coronavirus tax’ sparks online criticism

Planned Egypt ‘coronavirus tax’ sparks online criticism

Egypt's cabinet has preliminarily approved a bill that taxes one percent of citizens' salaries to cushion the impact of coronavirus on strained government finances, sparking...

FBR takes action against illicit cigarettes trade

FBR takes action against illicit cigarettes trade

Taking serious notice of growing illicit cigarettes trade, the Federal Board of Revenue (FBR) field formations have intensified enforcement actions to check transportation of non-duty...

COVID-19 cases: FBR bars tax men from closing offices sans approval

COVID-19 cases: FBR bars tax men from closing offices sans approval

The Federal Board of Revenue (FBR) Wednesday strictly barred field formations from unilaterally closing offices due to the coronavirus without taking prior approval of the...

FBR official’s posting

FBR official’s posting

Syed Muhammad Tariq Huda, a BS-21 officer of Pakistan Customs Service, on repatriation to the FBR (HQ), is transferred and posted as Member (Customs-Operations), Federal

FBR urged to release verified income tax refunds before Eid

FBR urged to release verified income tax refunds before Eid

The manufactures have urged the Federal Board of Revenue (FBR) to release their verified income tax refunds before Eid providing them much needed cash liquidity...

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