KARACHI: Federal Board of Revenue (FBR) has introduced a simplified wizard based income tax return filing mechanism to its Tax Asaan mobile application. Read more »
KARACHI: A person owns a motor vehicles having engine capacity above 1000CC is mandatorily required to file income tax return for tax year 2019. Officials of Federal Board of Revenue (FBR) said... Read more »
KARACHI: A person is liable to jail punishment up to 10 years in case of committing fiscal fraud under Customs Act, 1969. Read more »
KARACHI: The filing of wealth statement is mandatory for persons filing annual returns for tax year 2019. Read more »
ISLAMABAD: Federal Board of Revenue (FBR) has notified benches for adjudication of Benami cases at three major cities in the country. Read more »
KARACHI: Customs officers have been authorized under customs laws to enter business premises to access records necessary for the purpose of audit. Read more »
KARACHI: Karachi Tax Bar Association (KTBA) on Friday pointed out glitches and lacunas in income tax return forms which resulted in difficulties in filing tax returns for tax year 2019 Read more »
ISLAMABAD: Federal Board of Revenue (FBR) has made sales tax registration mandatory for persons buying ginned cotton. Read more »
KARACHI: In order to prevent under-invoicing and mis-declaration the customs authorities have powers to accept offer from any person to allow clearance at higher value than the declared by an importer for... Read more »
KARACHI: There are classes of persons who are not required to file annual income tax returns and wealth statement for tax year 2019. Read more »
ISLAMABAD: Federal Board of Revenue (FBR) has issued 60,000 notices to commercial and industrial electricity consumers for mandatory registration and filing of income tax returns. Read more »
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has made mandatory for companies to submit certificate of income tax returns. Read more »