FBR updates exchange rates for late payment by amnesty declarants

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday updated daily exchange rates at Rs158.13 to the dollar for payment of taxes under Asset Declaration Scheme 2019 for those persons, who filed their... Read more »

Finance Act 2019: FBR to question source of foreign remittances above Rs5 million per year

ISLAMABAD: Federal Board of Revenue (FBR) will question the sources for all those foreign remittances exceeding Rs5 million in a year, which are transferred through normal banking channels. Read more »

Finance Act 2019: SBP to assist Customs against illegal fund transfers

ISLAMABAD: State Bank of Pakistan (SBP) will assist customs authorities in prevention of illegal inward or outward transfers of funds. Read more »

FBR warns officials of disciplinary action for working as private consultants

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday warned officials against working as private tax consultant while in government service. Read more »

Token tax remains unchanged; non-ATL to pay double amount: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has clarified that it has not changed token payment and registration of cars in the budget 2019/2020. Read more »

Finance Act 2019: advance tax exempted on personal baggage mobile phones

ISLAMABAD: Federal Board of Revenue (FBR) has exempted the advance tax on mobile phone brought into Pakistan by passengers under Baggage Rules, 2006. Read more »

Finance Act 2019: Non-ATL persons to pay 100 percent more tax; income to be treated as concealed

ISLAMABAD: Federal Board of Revenue (FBR) has notified rules for persons not appearing on the Active Taxpayers List (ATL). The rules have been approved and made part of statute through Finance Act,... Read more »

Finance Act 2019: Tax slabs for AOPs, business individuals

ISLAMABAD: Federal Board of Revenue (FBR) has notified tax rates on income derived by Association of Persons (AOPs) and business individuals during fiscal year 2019/2020. Read more »

Finance Act 2019: Tax slabs for salary income

ISLAMABAD: The Parliament has approved the Finance Bill 2019 to implement rate of income tax on salary income. Read more »

FBR grants general relaxation to file tax year 2018 income returns up to August 02

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday extended the date for filing income tax returns and wealth statement for tax year 2018 up to August 02, 2019 for all persons required... Read more »

FBR allows immovable property, motor vehicle owners to file tax year 2018 returns up to August 02

ISLAMABAD: Federal Board of Revenue (FBR) on Monday extended the date for filing income tax return and wealth statement for tax year 2018 up to August 2, 2019 for taxpayers, who own... Read more »

Baggage Rules amended: passengers arriving, departing required to file customs declaration

ISLAMABAD: Federal Board of Revenue (FBR) on Monday made mandatory the requirement of filing customs declaration for passengers, in case of accompanied baggage, at the time of arrival or departure. Read more »