Tag: FBR

ATIR benches not fully functional: Billions of rupees stuck in appeals against FBR

The government revenue to the tune of billions of rupees is stuck up in appeals filed by taxpayers against the Federal Board of Revenue (FBR)...

Textile sector in dire straits

The textile sector is on the verge of complete standstill due to the worst-ever financial crisis emanating from the imposition of the 17% sales tax,...

MCC Quetta breaks revenue collection record in 1Q20

Model Custom MCC collectorate (Appraisement) broke all revenue collection record by collecting Rs6.716 billion during first fiscal quarter of financial year 2019-20. According to revenue...

Challenges confronting FBR

Pakistan's economy suffers from rampant tax avoidance and evasion. As a result, our informal economy, spurred by vested interests, has kept expanding by leaps and...

FBR issues ‘Sales Tax Order’ regarding provision of NIC

Buyer to fulfil the requirements of reporting NTN/NIC of the buyer in terms of Section 23 of the Sales Tax Act, 1990 Inclusive of...

NAB to refer tax evasion cases to FBR: NAB Chairman

NAB Chairman says cases of business community pertaining income and sales tax would be referred to FBR. Javed Iqbal says money laundering is a...

Meeting IMF targets with flying colours

The first quarter is over; and back of the envelope calculations depict the government is likely to meet all the quantitative targets of the IMF...

FBR extends date of filing of income tax returns

Those who failed to file their returns on Sept 30, are allowed to file them by Oct 31. ISLAMABAD: The Federal Board of Revenue (FBR)...

September 30 is deadline for filing tax returns: FBR

September 30, 2019, they would start a massive drive against the non-tax payers including doctors, hospitals, real estate, plaza and schools’ owners. People are...

FBR Benami Zones identifies 104 Benami properties

Anti Benami Zones have started a countrywide exercise to gather information of Benami properties FBR Anti Benami Directorate is currently investigating 79 Beneficial Owners...