Immovable property registrar requires to provide buyers, sellers information

KARACHI: A registrar is required to provide information of buyers and sellers of immovable properties in withholding tax statement to the Federal Board of Revenue (FBR). Read more »

FBR to get real-time data of financial transactions

ISLAMABAD: Federal Board of Revenue (FBR) will get real-time data of financial transactions of the banking system by end of this year. Read more »

FBR to initiate criminal proceedings in tax evasion above Rs10 million

ISLAMABAD: Federal Board of Revenue (FBR) will initiate criminal proceedings in those cases where tax evasion above Rs10 million is detected. Read more »

Implementing full-fledged VAT regime in next two to four years decided

ISLAMABAD: The government has decided to implement full-fledged Value Added Tax (VAT) by eliminating General Sales Tax (GST) in next two to four years. Read more »

FBR to conduct nation-wide survey of immovable properties to assess wealth parked in real estate sector

ISLAMABAD: Federal Board of Revenue (FBR) will conduct nation-wide survey of immovable properties to assess and tap colossal wealth parked in the real estate sector. Read more »

Tax authorities to determine values of immovable properties, motor cars on discovery of concealment

ISLAMABAD: The tax authorities shall determine value of immovable properties and motor cars for tax purpose on discovery of concealment by a person or a company. Read more »

FBR asks taxpayers to file return by Nov 30 to avoid harsh penalties

ISLAMABAD: Federal Board of Revenue (FBR) has asked persons/companies having taxable income to file their income tax returns for tax year 2019 by November 30, 2019 to avoid harsh penalties including imprisonment... Read more »

FPSC to conduct promotion examination of IR inspectors

ISLAMABAD: Federal Public Service Commission (FPSC) will conduct examination for departmental promotion of Inland Revenue (IR) Inspectors, Federal Board of Revenue (FBR) said on Friday. Read more »

FBR needs around Rs4,267 billion in eight months to achieve FY20 target

ISLAMABAD: The revenue collection target for fiscal year 2019/2020 appears to be more difficult as Federal Board of Revenue (FBR) requires Rs4,267 billion more in remaining eight months to achieve Rs5,550 billion... Read more »

Monthly sales tax return filing date extended to November 08

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday extended the last date for filing monthly sales tax and federal excise tax return for the month of September 2019 up to November 08,... Read more »

FBR extends date for filing income tax returns up to November 30

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns and wealth statements for tax year 2019 up to November 30, 2019, according to a notification... Read more »

FBR may extend date beyond Oct 31 for return filing tax year 2019

KARACHI: Federal Board of Revenue (FBR) is likely to extend the last date for filing income tax returns for salaried and business individuals beyond October 31, 2019. Read more »