FBR assigns first posting to 40 probationary IRS BS-17 officers

ISLAMABAD: Federal Board of Revenue (FBR) has assigned first posting to 40 probationary officers of Inland Revenue Service (IRS) BS-17 on completion of training from Directorate General of Training and Research (IR),... Read more »

SRB suspends sales tax registration of logistic company for short payment

KARACHI: Sindh Revenue Board (SRB) on Thursday suspended sales tax registration of a logistic company for depositing short payment. Read more »

Return filers entitled to many reductions, rebate and credits under tax law

ISLAMABAD: Income tax return filers are entitled to various tax reductions, rebates and credits while declaring their income for a tax year, according to a facilitation guide of Federal Board of Revenue... Read more »

Income Tax Ordinance 2001: requirement of wealth statement

KARACHI: A taxpayer is required to submit wealth statement along with annual income return. Federal Board of Revenue (FBR) recently updated Income Tax Ordinance, 2001 and explained the requirement of wealth statement... Read more »

FBR identifies undeclared foreign assets of 152,201 Pakistanis

ISLAMABAD: The tax authorities have identified 152,201 Pakistani nationals with undeclared assets abroad, Mohammad Jehanzeb Khan, Chairman, Federal Board of Revenue (FBR) said on Wednesday. Read more »

FBR explains inclusion into ATL for availing tax benefits

ISLAMABAD: Federal Board of Revenue (FBR) has explained the inclusion into Active Taxpayers List (ATL) for availing reduced rates of withholding tax and other benefits. Read more »

Income Tax Ordinance 2001: persons not required to file annual income return

KARACHI: There are certain classes of persons who are not required to file annual return of income to Federal Board of Revenue (FBR). Read more »

FBR withdraws additional customs duty on various imported raw materials

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn additional customs duty on various imported raw materials. Read more »

FBR notifies elimination, reduction of regulatory duties on several raw materials; issues SRO

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified elimination and reduction of regulatory duties on import of various raw materials used by manufacturing sector. Read more »

Income Tax Ordinance 2001: requirement of filing annual return

KARACHI: Federal Board of Revenue (FBR) has explained requirement of filing income tax returns by persons and corporate entities. Read more »

FBR withdraws penalty on seven customs officials

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn imposition of penalty on seven customs officials, according to notification issued on Monday. Read more »

Shah Muhammad posted as Member Admin

ISLAMABAD: Federal Board of Revenue (FBR) on posted Shah Muhammad, an officer of Inland Revenue Service (IRS) BS-21 as Member Administration, FBR, Headquarters. Read more »