Sectoral analysis shows massive decline in sales tax from OMCs

ISLAMABAD: Federal Board of Revenue (FBR) has conducted sectoral analysis to identify reasons behind shortfall in revenue collection. The analysis showed massive decline in sales tax from Oil Market Companies (OMCs) during... Read more »

FBR to initiate action against non-filers after date expiry

KARACHI: Federal Board of Revenue (FBR) to initiate proceedings against persons failed to file income tax returns for tax year 2019 after expiry of return filing date i.e. February 28, 2020. Read more »

KTBA suggests automatic stay against recovery on 10% tax payment

KARACHI: Karachi Tax Bar Association (KTBA) has suggested an automatic stay should be granted where a taxpayer paid 10 percent of the defaulted amount. Read more »

FBR issues precautionary measures against coronavirus

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued precautionary measures for tax officials to protect themselves against coronavirus and educate taxpayers and general public for prevention. Read more »

IR offices to observe extended working hours on Feb 28 for revenue collection

KARACHI: The offices of Inland Revenue will observe extended working hours on Friday, February 28, 2020 to facilitate taxpayers in payment of due taxes and filing of tax returns. Read more »

FBR allows sales tax return filing up to February 28

ISLAMABAD: Federal Board of Revenue (FBR) has allowed taxpayers to file their monthly sales tax and federal excise returns up to February 28, 2020. Read more »

FBR invites sales tax proposals to eliminate flying invoices, tax fraud

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday invited sales tax proposals to eliminate flying invoices and tax frauds and with focus on broadening of tax base. Read more »

FBR asks people to file income tax returns

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday urged people having taxable income to file their income tax returns on or before February 28, 2020. Read more »

Taxpayers unable to file annual returns as FBR’s website goes offline

KARACHI: Taxpayers are not able to file their annual income tax returns for tax year 2019 as official portal of Federal Board of Revenue (FBR) is remained offline for past several hours... Read more »

FBR official website not responding

KARACHI: The official website of Federal Board of Revenue (FBR) is not available online for the past few hours creating problems for income tax return filers as the date is expiring after... Read more »

Taxpayers can make payment in installments

KARACHI: Taxpayers have option to pay due liability in installments on explaining plausible reasons to the concerned Commissioner of Inland Revenue. Read more »

FBR withdraws 40% regulatory duty on sugar import

ISLAMABAD: The government has withdrawn 40 percent regulatory duty on import of sugar and sugar products. Read more »