FBR enhances immovable property valuations for Islamabad

ISLAMABAD: Federal Board of Revenue (FBR) on Friday increased the valuation of immovable properties in Islamabad for determination of income tax on transaction of sale/purchase.     The FBR issued SRO 117(I)/2019... Read more »

FBR enhances valuation of immovable properties in Lahore city

ISLAMABAD: Federal Board of Revenue (FBR) has increased valuation of immovable properties in Lahore for determination of income tax on sale/purchase transactions.       The FBR issued SRO 121(I)/2019 on Friday... Read more »

FBR increases valuation by 20pc for Karachi immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) has increased valuation by around 20 percent for immovable properties located in Karachi. Read more »

FBR revises valuation of immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued revised valuation of immovable properties located in various cities including Karachi, Lahore and Islamabad.     The FBR issued the new property valuations... Read more »

FBR extends date for availing audit scheme up to February 28

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for availing audit scheme by one month to February 28, 2019.       The FBR on Friday issued Income Tax... Read more »

FBR gets 1.81 million active taxpayers for 2017

KARACHI: The total number of active taxpayers has increased to 1.81 million for tax year 2017, according to latest weekly Active Taxpayers List (ATL) released by Federal Board of Revenue (FBR).  ... Read more »

Income Tax Ordinance 2001: collection of tax from company in liquidation

KARACHI: A director of a company is jointly responsible for payment of tax due bay a company, which is in liquidation. Read more »

Pakistan Tax Bar asks FBR to extend last date for availing audit scheme

KARACHI: Pakistan Tax Bar Association (PTBA) on Thursday asked Federal Board of Revenue (FBR) to extend the last date up to March 31 for availing audit scheme under Section 214E of Income... Read more »

Bill focuses very low on revenue collection: former FBR Member

KARACHI: The finance supplementary budget has very nominal impact on revenue collection and it mainly focuses on industrial growth, said a former Member of Federal Board of Revenue (FBR). Read more »

Prime Minister directs FBR to focus on big tax evaders

ISLAMABAD: Prime Minister Imran Khan on Wednesday directed the country’s premier revenue collecting agency to focus on tax recovery from the big tax evaders. Read more »

Income Tax Ordinance 2001: Tax recovery through arrest, attachment of property

KARACHI: Federal Board of Revenue (FBR) has powers to attach moveable or immovable properties and through arrest of a person for recovery of due amount of taxes. Read more »

Sindh Revenue Board introduces e-hearing for taxpayers facilitation

KARACHI: Sindh Revenue Board (SRB) has introduced e-hearing of appeals in order to provide facilitation to taxpayers of Hyderabad and Sukkur regions. Read more »