Tax law amendment bill introduced in NA ISLAMABAD: The government, Wednesday, introduced the Tax Law Amendment Bill, 2024, in the National Assembly,... Updated 25 Apr, 2024 08:53am
Print PM suspends CCIR for ‘deliberate delay in tax cases’ ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday suspended Chief Commissioner-Inland Revenue (IR), Large... Updated 24 Apr, 2024 09:25am
Print FBR finalises draft Tax Law (First Amendment) Ord ISLAMABAD: The Tax Law (First Amendment) Ordinance 2024 has proposed that the appeals filed before the Appellate... Updated 08 Apr, 2024 08:38am
Business & Finance Finance Bill 2024: major changes likely in IR Statutes ISLAMABAD: The Finance Bill 2024 will issue major changes in Inland Revenue Statutes for Harmonization and... Updated 06 Apr, 2024 08:47am
Business & Finance Field formations to remain open on 30th & 31st ISLAMABAD: The Federal Board of Revenue (FBR) has directed field formations to remain open on Saturday (March 30) ... Published 28 Mar, 2024 06:30am
Business & Finance Capricious tax officer rectifies order after settlement by relevant forums LAHORE: A capricious tax officer has proceeded to rectify the very order-in-original despite the matter having been... Published 20 Mar, 2024 03:00am
Print ‘Disallowing TA/DA’: LTO Lahore officials approach LHC ISLAMABAD: The Inland Revenue Audit Officers/ Assistant Directors (Audit) of Large Taxpayer Office Lahore have... Updated 13 Mar, 2024 08:51am
Business & Finance IT, ST-related budget proposals sought ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue field formations to submit income tax and... Published 23 Feb, 2024 06:36am
Print Key issues behind low revenue identified: Cabinet concerned at ‘integrity’ of FBR board members? ISLAMABAD: The caretaker Federal Cabinet has reportedly expressed its concerns over the integrity of private members... Updated 08 Feb, 2024 10:11am
Business & Finance Turnover tax recovery: FBR launches drive against Discos ISLAMABAD: The Federal Board of Revenue (FBR) has launched an enforcement drive against power distribution companies... Published 02 Jan, 2024 05:21am
Print ‘Simultaneous’ probe of same taxpayer: IHC seeks explanation from FBR ISLAMABAD: Islamabad High Court (IHC) has directed the Federal Board of Revenue (FBR) to explain that how different... Updated 28 Dec, 2023 08:53am
Pakistan Directorate of I&I: ‘IOs not following SOPs for issuing call-up notices to money launderers’ LAHORE: The Investigating Officers (IOs) of the Directorate of Intelligence and Investigation (I&I) Inland... Published 23 Nov, 2023 03:19am
Print Attachment of bank account: LHC takes notice of ‘illegal’ recovery by FBR ISLAMABAD: The Lahore High Court (LHC) has taken notice of illegal recovery by the Federal Board of Revenue (FBR)... Updated 12 Nov, 2023 09:10am
Print ‘Further sales tax’ and ‘extra sales tax’: conflicting FBR accounts cause a great deal of confusion ISLAMABAD: The conflicting legal clarifications of the Federal Board of Revenue (FBR) on the chargeability of extra... Updated 03 Nov, 2023 10:11am
Print Incorrect tax liability: FTO summons FBR officials ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned Federal Board of Revenue (FBR) members IR-Policy and... Updated 30 Oct, 2023 08:52am
Business & Finance ‘Tax authorities have failed to issue supplementary show-cause notice’ LAHORE: Tax authorities allegedly fail to issue supplementary show-cause notice in case taxpayers raise new factual... Published 26 Oct, 2023 06:08am
Print Removal of anomalies in valuation tables: FTO directs FBR to activate ‘DGIP’ ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately activate... Updated 25 Oct, 2023 09:22am
Print I&I-IR detects illegal adjustments of Rs70bn input tax ISLAMABAD: The Directorate General Intelligence and Investigation Inland Revenue (I&I-IR)’s national... Updated 15 Oct, 2023 09:37am
Print FBR to field DTOs to identify new taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across... Updated 09 Oct, 2023 09:44am
Print FTO orders: FBR devises new strategy for filing review pleas ISLAMABAD: The Federal Board of Revenue (FBR) has devised a new strategy for filing of review petitions/... Updated 26 Sep, 2023 08:43am
Business & Finance FBR urged to extend income tax return deadline ISLAMABAD: Tax bar associations, chartered accountant firms, tax advisers and tax experts have approached the... Updated 25 Sep, 2023 09:15am
Business & Finance Declaration against foreign assets: ‘Taxpayers not filing CVT being held liable to default’ LAHORE: Tax authorities are holding taxpayers liable to default for not filing capital value tax (CVT) declaration... Published 23 Sep, 2023 05:58am
Print Law of precedent: Lower fora bound to follow decision of higher appellate, admits FBR ISLAMABAD: Member Legal (Inland Revenue) Federal Board of Revenue (FBR) admitted before Federal Tax Ombudsman (FTO)... Updated 18 Sep, 2023 08:56am
Print Four held as IR Intelligence busts ‘fake sales tax invoice mafia’ ISLAMABAD: Inland Revenue Intelligence Directorate Karachi has busted an inter-province gang of fake/ flying sales... Updated 11 Sep, 2023 08:39am
Print Assigning assessment-related duties: FTO asks FBR to restrain IRS Audit Cadre officers ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to bar the officers of... Updated 05 Sep, 2023 09:09am
Business & Finance Sale of cigarettes below minimum price: PTC clarifies FBR’s enforcement action does not pertain to its operations ISLAMABAD: The Pakistan Tobacco Company Limited (PTC) on Wednesday categorically clarified that the Federal Board of... Published 24 Aug, 2023 06:22am
Business & Finance 650 cartons impounded: FBR initiates crackdown on mispricing of cigarettes KARACHI: The Federal Board of Revenue (FBR) has launched a crackdown on mispricing of cigarettes and has impounded... Published 23 Aug, 2023 05:50am
Print Clarification of ATIR orders: FTO summons FBR’s Member Legal (IR) over ‘inaction’ ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned Member Legal (Inland Revenue) Federal Board of Revenue (FBR)... Updated 22 Aug, 2023 08:57am
Print FBR wing unearths Rs1.2bn tax fraud scheme KARACHI: The Directorate of Internal Audit-Inland Revenue-FBR Karachi has made a significant breakthrough in... Updated 01 Aug, 2023 09:26am
Print FBR seeks amendment to Sec 2(37) of ST Act ISLAMABAD: The scope of ‘sales tax fraud’ is intended to be enlarged by the Federal Board of Revenue (FBR) by... Updated 27 Jul, 2023 08:56am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?