Immovable property registrar requires to provide buyers, sellers information

KARACHI: A registrar is required to provide information of buyers and sellers of immovable properties in withholding tax statement to the Federal Board of Revenue (FBR). Read more »

Proposals for establishment of Pakistan Revenue Authority to be finalized by June 2020

ISLAMABAD: The ministry of finance has been directed to finalize proposals for establishment of Pakistan Revenue Authority (PRA) by June 30, 2020. Read more »

FBR to get real-time data of financial transactions

ISLAMABAD: Federal Board of Revenue (FBR) will get real-time data of financial transactions of the banking system by end of this year. Read more »

FBR to initiate criminal proceedings in tax evasion above Rs10 million

ISLAMABAD: Federal Board of Revenue (FBR) will initiate criminal proceedings in those cases where tax evasion above Rs10 million is detected. Read more »

Implementing full-fledged VAT regime in next two to four years decided

ISLAMABAD: The government has decided to implement full-fledged Value Added Tax (VAT) by eliminating General Sales Tax (GST) in next two to four years. Read more »

FBR to conduct nation-wide survey of immovable properties to assess wealth parked in real estate sector

ISLAMABAD: Federal Board of Revenue (FBR) will conduct nation-wide survey of immovable properties to assess and tap colossal wealth parked in the real estate sector. Read more »