Text of Benami Transactions (Prohibition) Rules, 2019

KARACHI: The Federal Board of Revenue (FBR) has launched campaign to aware people about benami laws and harsh penalties under this law. Besides, the people are also informed about rewards to whistle... Read more »

FBR plans prizes to encourage public take invoices from restaurants, hotels

ISLAMABAD: Federal Board of Revenue (FBR) is planning to introduce prize scheme through draw against invoices of restaurants submitted by customers. Read more »

Sales Tax Act 1990: three years imprisonment for persons fail to get registration

KARACHI: Persons making taxable supplies but failed to get registration with tax department then such persons are liable to three years imprisonment, which may be extendable. Read more »

FBR identifies retailers taking undue benefits of present registration requirement

KARACHI: Federal Board of Revenue (FBR) has identified that large number of retailers are suppressing electricity consumption to avoid mandatory registration. Read more »

Hafeez Shaikh reviews proposed amnesty scheme

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs on Sunday reviewed the proposed tax amnesty scheme with officials of Federal Board of Revenue (FBR). Read more »

Sales Tax Act 1990: FBR may appoint special panels for audit

KARACHI: Federal Board of Revenue (FBR) has been empowered under sales tax law to appoint special audit panels for conducting audit of any registered person. Read more »

FTO takes suo moto notice in concealing income in garb of agriculture tax, Iranian oil sale

ISLAMABAD: Federal Tax Ombudsman (FTO) has taken suo moto notice and initiated investigation in open sale of Iranian oil in Balochistan and tax evasion in the garb of agriculture tax. Read more »

Sales Tax Act 1990: return filing requirement by registered persons

KARACHI: A sales tax registered person is required to file true and correct sales tax return on monthly basis by providing details of supplies and persons whom the supplies were made during... Read more »

FBR imposes ban on tax officials’ leaves

ISLAMABAD: Federal Board of Revenue (FBR) has imposed ban on its officials for availing any kind of leave, including ex-Pakistan. Read more »

FBR selects only 2.3pc income tax audit cases out of total filers, World Bank informed

ISLAMABAD: Federal Board of Revenue (FBR) has informed the World Bank that the tax body has significantly reduced the number of audit selection this year. Read more »

Sales Tax Act 1990: tax officials authorized to access record

KARACHI: The sales tax law has authorized tax officials to access record maintain by registered persons for the purpose of investigation and audit. Read more »

Lahore Customs Intelligence announces auction of confiscated vehicles on April 25

LAHORE: Directorate of Customs Intelligence and Investigation (I&I) announced auction of confiscated vehicles on April 25, 2019 at the directorate office Lahore. Read more »