FBR identifies retailers taking undue benefits of present registration requirement

KARACHI: Federal Board of Revenue (FBR) has identified that large number of retailers are suppressing electricity consumption to avoid mandatory registration. Read more »

Doctors, lawyers earning huge money but not on tax net: FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to bring professionals into tax net as they are not documented despite earning huge money. Read more »

FBR may redefine motor vehicle for withholding tax collection

KARACHI: Federal Board of Revenue (FBR) to recommend the government to redefine withholding tax on motor vehicles to bring construction and heavy vehicles into tax net. Read more »

RTO Karachi recommends revival of minimum tax for commercial importers in budget 2019/2020

KARACHI: Regional Tax Office (RTO) – II Karachi has recommended revival of minimum tax regime for commercial importers in the budget 2019/2020. Read more »

FPCCI recommends single digit sales tax rate

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed reducing sales tax to single digit from existing 17 percent. Read more »

FBR extends last date for submitting customs proposals for budget 2019/2020

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for submitting customs related budget proposals for 2019/2020. Read more »

Refund should have no nexus with revenue targets: FTO

ISLAMABAD: The office of Federal Tax Ombudsman (FTO) has advised Federal Board of Revenue (FBR) to set its targets rationally and refunds should have no nexus with revenue targets. Read more »

FBR invites income tax proposals for budget 2019-2020

KARACHI: Federal Board of Revenue (FBR) on Tuesday invited income tax proposals from business community for budget 2019-2020. Read more »

FBR asks business community to suggests measures to stop tax fraud

ISLAMABAD: Federal Board of Revenue (FBR) has asked business community to suggest measures for eliminating tax fraud, fake and flying invoices, plugging loopholes in the tax system. Read more »

FBR invites customs related budget proposals for 2019/2020

ISLAMABAD: Federal Board of Revenue (FBR) on Friday invited customs related proposals for federal budget 2019/2020. Read more »