ISLAMABAD: Federal Board of Revenue (FBR) has achieved only 77 per cent of assigned tax collection target for the month of December 2022, according to an official statement issued on Saturday.
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FBR, Pakistan’s national tax collecting agency, plays a crucial role in the country’s economy. Pakistan Revenue is committed to providing readers with the latest updates and developments regarding FBR activities.
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KTBA flays notices to taxpayers already audited
Karachi Tax Bar Association (KTBA) has flayed the issuance of audit notices by tax offices to taxpayers, who already selected once for audit in past four years.
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FBR notifies rules for subscribing Pakistan Single Window system
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified rules for subscribing Pakistan Single Window (PSW) system for conducting cross-border trade.
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FBR adopts HS-2022 recommended by World Customs Organization
ISLAMABAD: Federal Board of Revenue (FBR) has adopted harmonized system (HS) – 2022 on the recommendations of the World Customs Organization (WCO).
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KTBA protests advance tax estimates by tax offices, issuance of recovery notices
KARACHI: Tax practitioners have protested making estimates of advance tax by the tax offices and issuing recovery notices to taxpayers in this regard.
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Bankers to sit late on year-end to facilitate taxpayers
KARACHI: Bankers have been directed to sit late on the last two days of year 2022 in order to facilitate taxpayers in payment of duty and taxes.
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FBR issues SRO to impose 5pc regulatory duty on yarn amid protest
ISLAMABAD: Federal Board of Revenue (FBR) has issued a SRO to impose regulatory duty at 5 per cent on import of polyester yarn despite protest by business community.
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Dar directs FBR to achieve true tax potential
ISLAMABAD: Finance Minister Mohammad Ishaq Dar has directed Federal Board of Revenue (FBR) to achieve true tax potential in the country.
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Tax offices to observe extended working hours on Dec 30-31 for collection
Islamabad: The Federal Board of Revenue (FBR) has announced that tax offices will remain open on December 30-31, 2022, to accommodate the year-end rush for the collection of duties and taxes.
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FBR set to disable mobile phones, utility connections of non-filers
ISLAMABAD: Federal Board of Revenue (FBR) is identifying persons, who are liable to file annual income tax returns but failed to discharge liability, for disabling their mobile phones and utility connections.
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