Customs Intelligence Peshawar announces public auction of confiscated vehicle on Jan 24

ISLAMABAD: Directorate of Intelligence and Investigation (Customs), Federal Board of Revenue (FBR), Peshawar has announced public auction of confiscated vehicles scheduled to be held on January 24, 2019. Read more »

Withholding tax rate on winning prize bonds

KARACHI: The rate of withholding tax on prizes and winning under Section 156 of Income Tax Ordinance, 2001 for Tax Year 2019. Read more »

Withholding tax rates on income from property for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has issued rate of withholding tax to be collected on income from property during Tax Year 2019. Read more »

Curbs on non-filers trap tax authorities

ISLAMABAD: The tax authorities are facing challenging revenue collection after imposing curbs on non-filers in the budget 2018/2019. Read more »

FBR transfers 52 IRS officers in major reshuffle

ISLAMABAD: Federal Board of Revenue (FBR) notified transfers and postings of 52 officers of Inland Revenue Service (IRS) in a major reshuffle on Saturday. Read more »

Tax bars express concerns over short-term stay orders

KARACHI: Shahid Masood Manzar, Chairman, Appellate Tribunal Inland Revenue (ATIR) has visited Karachi Tax Bar Association to discuss early disposal of cases. Read more »

Exemption to judges of superior courts under Income Tax Ordinance 2001

KARACHI: The federal government has exempted from tax on benefits and allowances availed by judges of Supreme Court of Pakistan and judges of high court. Read more »

Applicable duty, tax rates on mobile phones

KARACHI: Federal Board of Revenue (FBR) has notified the applicable duty and tax rates on import of mobile phones. Read more »

FBR withdraws sales tax zero-rating on electricity supply to two textile units

KARACHI: Federal Board of Revenue (FBR) has suspended sales tax zero rating on supply of electricity to two textile units on misuse of tax concession facility. Read more »

Withholding tax rates on profit on banking deposits

KARACHI: Every banking company shall collect withholding tax under Section 151(1)(b) of Income Tax Ordinance, 2001 from persons receiving profits on their deposits maintained at respective banks. Read more »