May 6

PBC suggests measures for broadening tax base by enhancing withholding tax rates on non-filers, unregistered persons

KARACHI: Pakistan Business Council (PBC) has suggested measures for broadening tax base through enhancing withholding tax rates on non-filers and unregistered persons in various sectors. The PBC – the advisory council of large corporate entities – in its budget proposals for 2019/2020 said that the concept of separate withholding tax rates for filers and non-filers […]

by Faisal Shahnawaz

FBR sets up DGBTB for taking action against tax evaders

Mar 29

Taxation

FBR sets up DGBTB for taking action against tax evaders

ISLAMABAD: Federal Board of Revenue (FBR) on Friday established a new directorate for taking action against tax evaders. The FBR notified to create Directorate General of Broadening of Tax Base (DGBTB) to bring potential taxpayers into tax net. The new directorate, which was already made part of the statute, will work on the available data […]

by Faisal Shahnawaz

FBR investigates tax evasion by 200 Sindh govt employees

Mar 8

Exclusive, Taxation

FBR investigates tax evasion by 200 Sindh govt employees

KARACHI: Federal Board of Revenue (FBR) has initiated investigation into massive tax evasion by at least 200 employees of Sindh government. The investigation has been launched by Broadening of Tax Base (BTB) wing of Regional Tax Office (RTO)-II Karachi, according to official documents received on Friday. Sources said that the BTB wing selected high profile […]

by Faisal Shahnawaz

FBR launches crackdown against high-valued undeclared immovable properties

Feb 25

Exclusive, Taxation

FBR launches crackdown against high-valued undeclared immovable properties

KARACHI: Federal Board of Revenue (FBR) has launched drive against high-valued transactions of immovable properties in order to unearth quantum of black money used for the purpose. FBR sources said that the Broadening of Tax Base (BTB) unit of Regional Tax Office (RTO) – II Karachi launched action against around 2,000 persons who had acquired […]

by Faisal Shahnawaz

FBR recovers over Rs5.4 billion from 0.2 million tax dodgers

Feb 3

Exclusive, Taxation

FBR recovers over Rs5.4 billion from 0.2 million tax dodgers

ISLAMABAD: Federal Board of Revenue (FBR) has recovered over Rs5.4 billion from 0.2 million tax dodgers, said a report. The report showed performance of FBR’s Broadening of Tax Base (BTB) for the period July 2013 – June 2017 and revealed that the tax authorities issued over 0.5 million notices during the period. Around 40 percent […]

by Mrs. Anjum Shahnawaz