Feb 10

FBR announces sharp cut in sales tax on POL products

ISLAMABAD: The Federal Board of Revenue (FBR) has announced sharp cut in sales tax on supply of petroleum products. The FBR on Thursday issued SRO 183(I)/2022 to reduce the sales tax against normal rate of 17 per cent. The revenue body previously issued SRO 88(I)/2022 dated January 18, 2022 to change the sales tax rates. […]

by Mrs. Anjum Shahnawaz

FBR seeks practitioners help for tax broadening

Feb 9

Taxation

FBR seeks practitioners help for tax broadening

ISLAMABAD: The Federal Board of Revenue (FBR) has sought assistance from tax practitioners for broadening of tax base. In this regard a Memorandum of Understanding (MoU) was signed between the FBR and Pakistan Tax Bar on February 07, 2022 at FBR HQ Islamabad. READ MORE: FBR asked to redouble efforts for broadening tax base The […]

by Mrs. Anjum Shahnawaz

IR offices to work on Saturdays for revenue target

Feb 9

Taxation, Top stories

IR offices to work on Saturdays for revenue target

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday said that all the offices of Inland Revenue (IR) will work on Saturdays to meet the revenue collection target. The FBR in an official memo said that in order to enhance the efforts to meet the revenue target for the current financial year 2021/2022, all field […]

by Mrs. Anjum Shahnawaz

FBR transfers Sardar Khwaja as Member Audit

Feb 8

Taxation

FBR transfers Sardar Khwaja as Member Audit

ISLAMABAD: The Federal Board of Revenue (FBR) has announced transfers and postings of BS-21 officers of Inland Revenue Service (IRS) and posted Sardar Ali Khawaja as Member Audit and Accounting with immediate effect and until further orders. READ MORE: FBR transfers BS-20 IRS officers in major reshuffle 01. Sardar Ali Khawaja (Inland Revenue Service/BS-21) has […]

by Mrs. Anjum Shahnawaz

FBR transfers BS-20 IRS officers in major reshuffle

Feb 7

Taxation, Top stories

FBR transfers BS-20 IRS officers in major reshuffle

The Federal Board of Revenue (FBR) has executed a significant reshuffle within the Inland Revenue Service (IRS), affecting officers holding the rank of BS-20.

by Mrs. Anjum Shahnawaz

FBR invites applications for 952 vacant posts in Pakistan Customs

Feb 7

Pakistan Customs, Taxation, Top stories

FBR invites applications for 952 vacant posts in Pakistan Customs

ISLAMABAD: The Federal Board of Revenue (FBR) has invited applications for 952 vacant posts for up to BS-14 in Pakistan Customs across the country. The last date for submission of applications is February 26, 2022. According to the FBR, applications have been invited for about 73 vacant posits in Directorate General of Transit Trade, Karachi. […]

by Mrs. Anjum Shahnawaz

President Alvi rejects FBR plea in maladministration cases

Feb 5

Taxation, Top stories

President Alvi rejects FBR plea in maladministration cases

ISLAMABAD: The President of Pakistan, Dr. Arif Alvi has rejected the plea of the Federal Board of Revenue (FBR) in maladministration cases. President Arif Alvi while upholding the decisions of Federal Tax Ombudsman regarding maladministration of FBR officials in processing refund cases has directed the FBR to implement FTO ‘s recommendations. READ MORE: Dr. Alvi […]

by Mrs. Anjum Shahnawaz

FBR issues list of 1,358 retailers for mandatory POS

Feb 5

Taxation, Top stories

FBR issues list of 1,358 retailers for mandatory POS

ISLAMABAD: The Federal Board of Revenue (FBR) has notified a list of 1,358 retailers for mandatory installation of Point of Sale (POS) and integrate the same with the tax system. The FBR on Friday issued the list of 1,358 retailers by notifying Sales Tax General Order (STGO) No. 9 of 2022 dated February 04, 2022. […]

by Mrs. Anjum Shahnawaz

FBR invites Sales Tax proposals for budget 2022/2023

Feb 4

Budget 2022-2023, Taxation

FBR invites Sales Tax proposals for budget 2022/2023

In preparation for the upcoming fiscal year’s budget, the Federal Board of Revenue (FBR) has issued a call for sales tax and federal excise duty (FED) proposals.

by Mrs. Anjum Shahnawaz

POS retailers to get refunds automatically: Tariq Mustafa

Feb 3

Taxation, Trade & Industry

POS retailers to get refunds automatically: Tariq Mustafa

KARACHI: Tariq Mustafa Khan, Chief Commissioner Inland Revenue, Regional Tax Office (RTO) Karachi has said that retailers who installed Point of Sales (POS) will gain refunds automatically. “The retailers will also not subject to audit,” he said while speaking with office bearers of Karachi Chamber of Commerce and Industry (KCCI) on Thursday. “POS, which was […]

by Faisal Shahnawaz