FBR outlines action in post July 01 scenario; urges people to avail asset declaration scheme

ISLAMABAD: Federal Board of Revenue (FBR) has outlined course of action in scenario of post July 01, 2019 and some of motives are visible in the Finance Bill 2019. Read more »

SBP issues procedure for repatriation of foreign shares of Pakistan companies under asset declaration scheme

KARACHI: State Bank of Pakistan (SBP) on Thursday issued procedure for repatriation of foreign assets held in the form of shares of a company incorporated in Pakistan, under Asset Declaration (Procedure &... Read more »

FBR warns unregistered industrial, commercial electricity consumers of imprisonment

KARACHI: Federal Board of Revenue (FBR) has issued notices to unregistered commercial and industrial electricity connection holders to file their returns of incomes and sales otherwise from July 01 the tax authorities... Read more »

FBR asks jewelers to avail amnesty for undeclared assets

KARACHI: Federal Board of Revenue (FBR) has asked jewelers to declare their concealed assets by June 30 otherwise possessing black money or undocumented money will face harsh action. Read more »

Business community wants secrecy of information under assets declaration scheme

KARACHI: Business community has urged Federal Board of Revenue (FBR) to keep information secret under assets declaration scheme in order to ensure confidence of declarants. Read more »

Last date for asset declaration scheme not to be extended: Member IR

KARACHI: Ms. Seema Shakil, Member Inland Revenue (Operations), Federal Board of Revenue (FBR) on Monday said that date for asset declaration scheme will not be extended due to obligations under IMF loan... Read more »

Finance Bill 2019: Law prohibits FBR officials from taking action against amnesty declarants

ISLAMABAD: The officials of Federal Board of Revenue (FBR) have been restricted from taking any action against persons, who availed tax amnesty scheme 2019. Read more »

FBR warns of harsh action against undeclared assets from July 01

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday warned people of harsh action for possessing undeclared assets from July 01, 2019. Read more »

Finance Bill 2019: Amnesty on immovable property purchase withdrawn

ISLAMABAD: The government has withdrawn a permanent amnesty for not explaining the source of investment in purchasing immovable properties. Read more »

FBR nominates focal persons for tax amnesty scheme

ISLAMABAD: Member Inland Revenue – Policy has been nominated as the chief coordinator for successful implementation of tax amnesty scheme 2019. Read more »

PTBA urges FBR to extend date for filing income tax returns

KARACHI: Pakistan Tax Bar Association (PTBA) on Saturday urged Federal Board of Revenue (FBR) to extend the last date for filing income tax returns for Tax Year 2018 up to June 30,... Read more »

SBP issues daily exchange rates for payment under amnesty scheme 2019

KARACHI: The State Bank of Pakistan (SBP) is issuing daily exchange rate for payment of duty and taxes under tax amnesty scheme – 2019. Read more »