KTBA highlights glitches, lacunas in income tax return forms

KARACHI: Karachi Tax Bar Association (KTBA) on Friday pointed out glitches and lacunas in income tax return forms which resulted in difficulties in filing tax returns for tax year 2019 Read more »

FBR issues 60,000 notices to Faisalabad industrial, commercial electricity consumers

ISLAMABAD: Federal Board of Revenue (FBR) has issued 60,000 notices to commercial and industrial electricity consumers for mandatory registration and filing of income tax returns. Read more »

CNIC condition on purchases remain part of law, deferred till September: FBR chairman

KARACHI: The chairman of Federal Board of Revenue (FBR), Shabbar Ziaid on Wednesday said that condition of providing Computerized National Identity Card (CNIC) on purchase of above Rs50,000 is remain part of... Read more »

Draft MoU for sharing taxation data sent to China

ISLAMABAD: Pakistan has sent draft Memorandum of Understanding (MoU) to China for sharing taxation data between the two countries. Read more »

No compromise on documentation of economy: FBR chairman

ISLAMABAD: Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) on Friday said that the government will not compromise documentation of economy by surrendering condition of CNIC on purchases. Read more »

FBR warns stern action against under-invoicing, mis-declaration

ISLAMABAD: Federal Board of Revenue (FBR) has decided to launch drive against manufacturers and importers indulged in under invoicing and incurring huge revenue losses to national exchequer. FBR chairman Syed Shabbar Zaidi,... Read more »

FBR taking all measures to broaden tax base: Shabbar Zaidi

ISLAMABAD: Syed Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) has said that the government is taking all measures to broaden the tax base without hurting any sector of the economy. Read more »

FBR bans entry of unauthorized persons, Lappoos into custom houses

KARACHI: Federal Board of Revenue (FBR) has restricted entry of unauthorized persons, including privately hired persons by customs officials (Lappoos), into custom houses with immediate effect. Read more »

Pakistan approaches IMF on bad economic conditions: Dr. Hafeez Shaikh

KARACHI: Pakistan has approached the IMF for a new loan program due to bad economic conditions of the country, Advisor to Prime Minister on Finance Dr. Hafeez Shaikh said on Thursday. Read more »

Shipping agents demand forming task force to eliminate under/over invoicing

KARACHI: Shipping agents have demanded the Federal Board of Revenue (FBR) to form taskforce / joint investigation team (JIT) to eliminate the menace of under / over invoicing, mis-declaration and smuggling in... Read more »

FPCCI praises FBR chairman for limiting powers of IR officers

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has praised the newly appointed chairman of Federal Board of Revenue (FBR) for limiting powers of Inland Revenue officers in tax recovery... Read more »

PTBA assures full support to new FBR chairman

KARACHI: Pakistan Tax Bar Association (PTBA) has assured full support to Syed Muhammad Shabbar Zaidi, newly appointed chairman of Federal Board of Revenue (FBR). Read more »