KARACHI: Federal Board of Revenue (FBR) has issued procedure to claim income tax refund. Read more »
ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs directed Federal Board of Revenue (FBR) to modify proposed tax amnesty scheme to attract maximum number of... Read more »
KARACHI: The sales tax law has defined fine and penalty for persons fail to file sales tax returns within due date. The law also defined penalty for miscalculation and other obligations. Read more »
KARACHI: The Federal Board of Revenue (FBR) has launched campaign to aware people about benami laws and harsh penalties under this law. Besides, the people are also informed about rewards to whistle... Read more »
ISLAMABAD: Federal Board of Revenue (FBR) is planning to introduce prize scheme through draw against invoices of restaurants submitted by customers. Read more »
KARACHI: Persons making taxable supplies but failed to get registration with tax department then such persons are liable to three years imprisonment, which may be extendable. Read more »
KARACHI: Federal Board of Revenue (FBR) has identified that large number of retailers are suppressing electricity consumption to avoid mandatory registration. Read more »
ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs on Sunday reviewed the proposed tax amnesty scheme with officials of Federal Board of Revenue (FBR). Read more »
KARACHI: Federal Board of Revenue (FBR) has been empowered under sales tax law to appoint special audit panels for conducting audit of any registered person. Read more »
KARACHI: A sales tax registered person is required to file true and correct sales tax return on monthly basis by providing details of supplies and persons whom the supplies were made during... Read more »
ISLAMABAD: Federal Board of Revenue (FBR) has imposed ban on its officials for availing any kind of leave, including ex-Pakistan. Read more »
ISLAMABAD: Federal Board of Revenue (FBR) has informed the World Bank that the tax body has significantly reduced the number of audit selection this year. Read more »