FBR to reduce withholding tax provisions under World Bank program

ISLAMABAD: Federal Board of Revenue (FBR) is required to reduce number of withholding provisions to strengthen the income tax and take out this system from indirect taxes. Read more »

MCC Multan announces auction of confiscated vehicles on June 12

ISLAMABAD: Model Customs Collectorate (MCC) Multan has announced public auction of confiscated vehicles on June 12, 2019 to be held at Customs Dry Port, Multan. Read more »

FBR is not organized revenue authority

ISLAMABAD: Federal Board of Revenue (FBR), unlike most revenue authorities in the world, is not organized along functional lines, nor does it have a clear hierarchical structure. Read more »

Monthly sales tax return filing main reason for Pakistan’s low ranking in paying taxes

ISLAMABAD: The requirement of filing monthly sales tax return is the main reason for Pakistan’s low ranking in the Paying Taxes Indicator of the World Bank. Read more »

Taxation not widely considered as civic duty in Pakistan

ISLAMABAD: The taxation has not been widely considered as civic duty in Pakistan, the World Bank said in a report issued recently. Read more »