Criteria for selection, conduct of income tax audit

Islamabad: The Federal Board of Revenue (FBR) has adopted a criteria for selection and conduct of income tax audit under Section 214C of the Income Tax Ordinance, 2001. The criteria have been... Read more »

FBR promotes Customs officers to BS-18

Islamabad: Federal Board of Revenue (FBR) on Friday notified promotion of officers of Pakistan Customs Service (PCS) from BS-17 to BS-18. The following BS-17 officers of Pakistan Customs Service are promoted to... Read more »

FBR invites customs duty proposals for budget 2021/2022

Karachi: Federal Board of Revenue (FBR) on Friday invited customs duty proposals for federal budget 2021/2022. The FBR said that the proposals should cover three areas, i.e., changes in customs tariff rates,... Read more »

Budget 2021/2022 to focus on easing tax burden: Member IR

Karachi: The upcoming federal budget will ease the burden on the industrial sector to reduce the cost of doing business to facilitate industrial and exporters, Dr. Muhammad Ashfaq, Member Inland Revenue (Operations), Federal... Read more »

Sales tax registration may be suspended on non-filing of returns for six consecutive months

ISLAMABAD: Federal Board of Revenue (FBR) may suspend sales tax registration of a taxpayer who fails to file returns for six consecutive months, officials said on Thursday. The officials said that a... Read more »

Member IR (Operations) holds meetings with tax officials, industry to boost revenue collection

KARACHI: Dr. Muhammad Ashfaq, Member Inland Revenue (Operations) of the Federal Board of Revenue (FBR) has launched a round of meetings with tax officials and industrialists during his four–day visit to Karachi... Read more »

FBR invites income tax proposals for budget 2021/2022

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday invited income tax proposals for budget 2021/2022 and asked stakeholders to submit the same by February 15, 2021. The FBR asked the tax offices,... Read more »

FBR attributes export growth to incentives, facilitation

ISLAMABAD:  Federal Board of Revenue (FBR) on Wednesday said that the significant growth in export was mainly due to integrated strategy for duty and tax incentives and other facilitation. The FBR has... Read more »

Procedure for importers registration for customs clearance

KARACHI: Commercial and non-commercial importers are required to get registered with Pakistan’s online WeBOC system for clearance of consignments. In order to access the online Customs portal WeBOC, the person would first... Read more »

FBR issues AML/CFT guidelines for accountants to comply with FATF conditions

KARACHI: Federal Board of Revenue (FBR) has issued guidelines for accountants related to Anti-Money Laundering (AML)/Counter Financing of Terrorism (CFT) laws to comply with conditions of Financial Action Task Force (FATF). The... Read more »