ISLAMABAD — The Federal Board of Revenue (FBR) has issued a stern directive to customs officers, warning of departmental action if they fail to comply with their recent transfer orders.
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Get the latest FBR news, tax updates, income tax, sales tax, customs, notifications, and policies from the Federal Board of Revenue.
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Return filers entitled to many reductions, rebate and credits
The Federal Board of Revenue (FBR) has released a comprehensive facilitation guide outlining the various tax reductions, rebates, and credits available to income tax return filers.
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Requirement of wealth statement
The Federal Board of Revenue (FBR) has recently introduced amendments to the Income Tax Ordinance, 2001, shedding light on the requirement for taxpayers to submit a wealth statement alongside their annual income return.
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FBR identifies undeclared foreign assets of 152,201 Pakistanis
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FBR explains inclusion into ATL for availing tax benefits
ISLAMABAD: Federal Board of Revenue (FBR) has explained the inclusion into Active Taxpayers List (ATL) for availing reduced rates of withholding tax and other benefits.
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Persons who are not required to file annual income return
KARACHI: There are certain classes of persons who are not required to file annual return of income to Federal Board of Revenue (FBR).
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FBR withdraws additional customs duty on raw materials
Islamabad – The Federal Board of Revenue (FBR) has withdrawn additional customs duty on various imported raw materials.
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FBR notifies removal, reduction of RD on raw materials
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified elimination and reduction of regulatory duties on import of various raw materials used by manufacturing sector.
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Income Tax Ordinance 2001: requirement of filing annual return
KARACHI: Federal Board of Revenue (FBR) has explained requirement of filing income tax returns by persons and corporate entities.
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FBR withdraws penalty on seven customs officials
In a significant development, the Federal Board of Revenue (FBR) has withdrawn penalties imposed on seven customs officials, in compliance with judgments from the Federal Service Tribunal (FST) and the Supreme Court of Pakistan.
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