June 25, 2022

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Pakistan Revenue

Tag: FBR

Committee recommends lifting import ban on luxury items
Jun 24
Budget 2022-2023, Taxation, Trade & Industry

Committee recommends lifting import ban on luxury items

KARACHI: A budget anomaly committee comprising of leading businessmen of Pakistan on Friday recommended lifting ban on import of luxury items. “As ban imposed on import of luxury items was for a temporary period hence, it needs to be lifted and imports may be controlled through tariff rationalization,” according to recommendations of the anomaly committee […]

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Who needs to file Tax Year 2022 return in Pakistan?
Jun 24
Taxation

Who needs to file Tax Year 2022 return in Pakistan?

KARACHI: Income Tax Ordinance, 2021 has explained the category of persons who are required to file income tax return for tax year 2022. The Federal Board of Revenue (FBR) is set to issue finalized income tax return forms to start the filing process from July 01, 2022. In this regard the FBR has already issued […]

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Paper merchants slam price hike by local producers
Jun 21
Trade & Industry

Paper merchants slam price hike by local producers

KARACHI: Paper merchants and graphic printers are facing with a severe shortage of paper, while the local producers have increased the prices by over 200 percent pushing the printing and packaging industry towards collapse. Speaking at a press conference at Karachi Press Club, Chairman Pakistan Association of Printing Graphic Art Industry on Tuesday, Aziz Khalid […]

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FBR issues draft return forms for tax year 2022
Jun 21
Taxation, Top stories

FBR issues draft return forms for tax year 2022

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday issued draft income tax return forms for tax year 2022. The FBR issued SRO 820(I)/2022 to notify the draft income tax return forms. The forms included: electronic return for salaried individuals; electronic return for Association of Person (AOPs); electronic return for business individuals; and electronic return […]

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Tax return filing starts from July 01, 2022
Jun 21
Taxation, Top stories

Tax return filing starts from July 01, 2022

KARACHI: The filing of income tax return for tax year 2022 will start from July 01, 2022 and will remain continue till September 30, 2022. As per Income Tax Ordinance, 2001, all the taxpayers, other than corporate entities, are required to file their annual income tax returns on or before September 30 every year. READ […]

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FBR appoints Dr. Faiz Illahi Memon as Member Admin
Jun 20
Taxation

FBR appoints Dr. Faiz Illahi Memon as Member Admin

ISLAMABAD: The Federal Board of Revenue (FBR) has appointed Dr. Faiz Illahi Memon, a senior BS-22 officer of Inland Revenue Service (IRS) as Member Admin/Human Resource. According to a notification dated June 18, 2022, the FBR transferred and posted Dr. Faiz Illahi Memon to the post of Member (Admn/HR) FBR HQ, with immediate effect from […]

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FBR’s committee to examine service record of customs officials
Jun 15
Pakistan Customs, Taxation

FBR’s committee to examine service record of customs officials

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday constituted a scrutiny committee to examine service record of employees of Pakistan Customs Department. According to a notification, on the directives of FBR chairman, the following scrutiny committee to examine the service record of all those employees of Pakistan Customs Department, who have joined their duties […]

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