FBR to issue procedure to document non-duty paid fast moving consumer goods

ISLAMABAD: Federal Board of Revenue (FBR) will issue procedure for documenting smuggled and non-duty paid fast moving consumer goods (FMCG). Read more »

Draft law for collecting income tax from small shopkeepers

ISLAMABAD: Federal Board of Revenue (FBR) has drafted special procedure for collection of income tax from small shopkeepers. Read more »

Immovable property purchase above Rs5 million not allowed other than banking channel

KARACHI: Any immovable property purchased through cash or bearer instruments will liable to penalty of five percent of the total value of immovable property, sources in Federal Board of Revenue (FBR) said... Read more »

Taxpayers should file true declarations to avoid 100 percent penalty

KARACHI: The tax laws have explained that any false or misleading statement will liable to penalty of 100 percent of the amount of tax short paid. Read more »

Weekly Review: market likely to continue positive momentum

KARACHI: The stock market likely to continue its positive momentum next week on the back of continuous improvement in the macroeconomic situation of the country. Read more »

FTO committee expresses distress over tax recovery from bank accounts

ISLAMABAD: The advisory committee of the Federal Tax Ombudsman (FTO) has expressed distress over attachment of bank accounts and coercive recovery by Federal Board of Revenue (FBR) from bank accounts of taxpayers. Read more »

SECP issues qualified capital criteria for NBFCs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Friday issued criteria for qualified capital and its terms and condition for Non-Banking Finance Companies (NBFCs). Read more »

FBR notifies transfers, postings of BS-20 IRS officers

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfers and postings of BS-20 officers of Inland Revenue Service (IRS) with immediate effect until further orders. Read more »