ISLAMABAD: The Federal Board of Revenue (FBR) has revised the valuation of steel products to facilitate increased sales tax collection on the supply of this crucial commodity.
(more…)Author: Mrs. Anjum Shahnawaz
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FBR shuffles senior customs officers in preparations of Eid-ul-Fitr
Federal Board of Revenue (FBR) on Wednesday shuffled a bunch of senior officers of Pakistan Customs Service (PCS) just ahead of Eid-ul-Fitr.
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Pakistan considers increasing tax exempt income threshold for salaried persons
In response to the high levels of inflation faced by Pakistani citizens, the government is considering increasing the tax exempt income threshold for salaried individuals in the upcoming fiscal year.
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Pakistan’s import of petroleum products sees a 20% decline in 9MFY23
According to data released by the Pakistan Bureau of Statistics (PBS), the import of petroleum products has declined by 20% during the first nine months (July-March) of the current fiscal year 2022-2023.
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Pakistan’s textile group exports decline by 12.4% in first nine months of 2022-23
Pakistan’s textile group exports have declined by 12.4% in the first nine months of the current fiscal year 2022-23, amounting to $12.476 billion as compared to $14.242 billion during the same period last year, according to data released by the Pakistan Bureau of Statistics (PBS).
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President Alvi approves sentence remission for prisoners on Eid ul Fitr
ISLAMABAD: President of Pakistan, Dr. Arif Alvi, has granted remission in sentences for certain categories of prisoners on the occasion of Eid ul Fitr.
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Customs classification committee accepts Inland Revenue stance on tea whitener
The Customs Classification Committee has accepted the stance of the Inland Revenue of the Federal Board of Revenue (FBR) regarding the classification of tea whitener.
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FBR adds wheat, sugar and urea in essential items list to combat smuggling
The Federal Board of Revenue (FBR) has recently made an amendment to the Customs Act, 1969, which now includes wheat, sugar, and urea in the list of essential commodities.
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FBR to collect duty and taxes on April 29-30 to compensate for Eid Holidays
ISLAMABAD: The Federal Board of Revenue (FBR) on Monday announced that it will be collecting duty and taxes on April 29th and 30th, 2023, to cover up time lost due to Eid holidays.
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FBR officers face penal action for failure in filing asset declaration
Senior officers of the Federal Board of Revenue (FBR) in Pakistan could face penal action for failing to file their asset declarations.
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