Pakistan Revenue
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday postponed the implementation of new and revised valuation of immovable properties till February 28, 2022. The FBR said that new and revised valuation tables of immovable properties issued on December 01, 2021 would remain in abeyance till February 28, 2022 and those valuation tables would be […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has issued explanation of amendments in the Customs Act, 1969 made through Finance (Supplementary) Act, 2022. The FBR issued Customs Circular No. 01 of 2022 to explain the changes. Power to determine the customs value: Under Section 25A of the Customs Act, 1969, both the Collector of Customs […]
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ISLAMABAD: Finance Minister Shaukat Tarin launched automated currency declaration system at Federal Board of Revenue (FBR) Headquarter here on Tuesday.
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ISLAMABAD: Pakistan Tax Bar Association (PTBA) on Tuesday demanded the tax authorities to extend the last date for filing sales tax return for the month of December 2021 because taxpayers have failed to make compliance due to technical issues on the IRIS portal. The PTBA in a letter to the chairman of Federal Board of […]
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ISLAMABAD: The inflation based on Consumer Price Index (CPI) in Pakistan recorded at 13 per cent or 24-month high in January 2022. Pakistan Bureau of Statistics (PBS) said on Tuesday, the CPI inflation general increased by 13 per cent on year-on-year basis in January 2022 as compared to an increase of 12.3 per cent in […]
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ISLAMABAD: The government has kept the prices of petroleum products unchanged for next fortnight on Monday after Prime Minister Imran Khan rejected the proposals to hike the POL prices. Prime Minister Imran Khan Monday rejected proposals to increase the petrol price by Rs 10 per liter and diesel by Rs 14, in the national interest. […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs3.35 trillion during the first seven months (July – January) 2021/2022 with a growth of over 30 per cent, a statement said on Monday. The FBR issued provisional numbers of collection made during first seven months of the current fiscal year. The revenue body collected Rs2.571 […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified transfers and postings of officers of Pakistan Customs Service (PCS) in BS-17 to BS-19 with immediate effect until further orders. The FBR notified transfers and postings of following customs officers: READ MORE: FBR transfers BS-18 to BS-20 IRS officers 01. Fahad Ali Chaudhry (PCS/BS-19) has been […]
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ISLAMABAD: The Federal Board of Revenue (FBR) will apply the new valuation tables for immovable properties in major cities of the country from February 01, 2022. The FBR on December 01, 2021 issued fresh and updated valuation tables for around 40 major cities of the country. However, the FBR deferred the implementation of the new […]
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The Federal Board of Revenue (FBR) has extended an invitation to stakeholders, including businesses, experts, and the general public, to contribute their insights and proposals for income tax improvements in preparation for the budget of 2022/2023.
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