FBR promotes 29 officials to post of assistant private secretary

ISLAMABAD: Federal Board of Revenue (FBR) has notified promotions of 29 steno-typists (BS-14) to the post of Assistant Private Secretary (BS-16). In a notification issued on Friday (July 10) the FBR notified... Read more »

Customs auction of confiscated vehicles to be held on July 20 at Gwadar

KARACHI: Pakistan Customs announced auction of confiscated vehicles to be held on July 20, 2020 at Gwadar Custom House. Following vehicles to be presented for the auction: 01. Toyota Hilux Surf SSR-X,... Read more »

FBR empowered to recover income tax on sectoral benchmark basis

ISLAMABAD: The officials of Federal Board of Revenue (FBR) have been authorized to recover income tax on sectoral benchmark ratio basis where a taxpayer fails to provide record or required details. The... Read more »

Input tax credit against services provided by non-resident available with conditions: SRB

KARACHI: Sindh Revenue Board (SRB) on Friday said that input tax credit for resident taxpayers receiving services from resident outside is available with certain condition. The provincial revenue body said that the... Read more »

FBR issues draft rules for allowing reduced income tax rate on import of raw materials

ISLAMABAD: Federal Board of Revenue (FBR) has issued draft rules for grant of concessional tax rate on import of raw materials and capital goods by manufacturers and exporters. The FBR issued SRO... Read more »

Fee for filing tax appeals increased substantially

ISLAMABAD: A substantial increase has been made to fee amount for filing appeal against an assessment order. The increase has been made part of statute through Finance Act, 2020. Officials at Federal... Read more »

FBR to adopt new measures to achieve Rs4,963 billion collection target

ISLAMABAD: Federal Board of Revenue (FBR) has decided to take new enforcement and administrative measures to achieve revenue collection target of Rs4,963 billion assigned for current fiscal year. The federal government in... Read more »

Assessment oversight committees formed to settle taxpayers’ cases

ISLAMABAD: Assessment oversight committees have been formed at all tax offices of Inland Revenue in order to settle the cases of taxpayers in expeditious manner, officials at Federal Board of Revenue (FBR)... Read more »

Finance Act 2020: wealth statement cannot be revised after five years

ISLAMABAD: A wealth statement cannot be revised after the expiry of five years from the date of filing of income tax return, officials at Federal Board of Revenue (FBR). The amendment has... Read more »

Corporate RTO Karachi to hold e-Katcheri

KARACHI: Corporate Regional Tax Office (CRTO) Karachi to conduct public e-Katcheri for efficient service delivery and ensure public trust, sources said on Tuesday. The program has been launched in compliance with the... Read more »