Pakistan Revenue
KARACHI- The Federal Board of Revenue (FBR) in Pakistan has been granted enhanced powers under the recently updated Income Tax Ordinance, 2001, enabling it to recover taxes directly from individuals or entities holding money on behalf of a taxpayer.
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ISLAMABAD: Federal Board of Revenue (FBR) has recovered over Rs5.4 billion from 0.2 million tax dodgers, said a report.
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ISLAMABAD – In a move aimed at enhancing transparency and accuracy in the determination of income tax related to the sale and purchase of immovable properties, the Federal Board of Revenue (FBR) has issued a new valuation table for 339 areas in Peshawar.
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The Federal Board of Revenue (FBR) has revised the valuation of immovable properties in Karachi, announcing an increase of around 20 percent.
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The Federal Board of Revenue (FBR) has reported a noteworthy surge in the total number of active taxpayers, reaching 1.81 million for the tax year 2017, according to the latest Active Taxpayers List (ATL) released on a weekly basis.
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The Federal Board of Revenue (FBR) has issued updates to the Income Tax Ordinance, 2001, emphasizing the joint responsibility of directors for the payment of taxes owed by a company, even if the said company is in a state of liquidation.
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KARACHI: Federal Board of Revenue (FBR) has powers to attach moveable or immovable properties and through arrest of a person for recovery of due amount of taxes.
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KARACHI: The government considering to withdraw all types of tax exemptions and concessions during next few years.
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KARACHI: Federal Board of Revenue (FBR) has explained the due date for payment of tax under Section 137 of Income Tax Ordinance, 2001.
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Setting up transfer pricing directorate for determining arm’s length transactions has been withdrawn by the government of Pakistan.
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