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Tag: FBR

Get the latest FBR news, tax updates, income tax, sales tax, customs, notifications, and policies from the Federal Board of Revenue.

  • FBR issues tax directories of parliamentarians, companies and individuals

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    ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued tax directories of parliamentarians and general taxpayers including companies in order to public the information about contribution of different segments of taxpayers.

    Written by

    Faisal Shahnawaz
    FBR Blue

  • Classes of taxpayers require sales tax registration

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    KARACHI: Federal Board of Revenue (FBR) has listed classes of taxpayers, who are required to get sales tax registration to declare their monthly transactions to the tax authorities.

    Written by

    Faisal Shahnawaz
    FBR Blue

  • Income Tax Ordinance 2001: procedure for claiming refund, additional payment for delay

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    KARACHI: A commissioner of Inland Revenue is responsible for making payment at KIBOR plus 0.5 percent per annum for late payment of income tax refund.

    Written by

    Faisal Shahnawaz
    FBR White

  • Income Tax Ordinance 2001: FTR taxpayers not required to file returns

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    The Federal Board of Revenue (FBR) in Pakistan has introduced a noteworthy amendment, providing substantial relief to taxpayers falling under the Final Tax Regime (FTR).

    Written by

    Faisal Shahnawaz
    FBR Blue

  • FBR launches trial run for online payment through 18 banks

    In a significant leap towards modernization and efficiency, the Federal Board of Revenue (FBR) has initiated a pilot run for the collection of duties and taxes through an online payment system in collaboration with 18 prominent banks.

    Written by

    Faisal Shahnawaz
    FBR White

  • PM directs harsh action against tax evaders, corrupt tax officials

    ISLAMABAD: Prime Minister Imran Khan, on Tuesday, directed tax authorities to take strict measures against tax evaders and corrupt officials within the tax departments. The prime minister issued these directives during a meeting focused on the government’s revenue generation efforts.

    Written by

    Faisal Shahnawaz
    PM Imran Khan

  • FBR invites income tax proposals for budget 2019-2020

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    The Federal Board of Revenue (FBR) has taken a proactive step towards fostering collaboration and seeking valuable input from the business community for the upcoming budget 2019-2020.

    Written by

    Faisal Shahnawaz
    FBR Blue

  • Income Tax Ordinance 2001: Commissioner’s power to make provisional assessment

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    The Income Tax Ordinance, 2001 (ITO 2001) in Pakistan has granted power to the Commissioner to initiate provisional assessments when a person’s concealed asset is impounded by any government agency.

    Written by

    Faisal Shahnawaz
    FBR White

  • Procedure for import of motor vehicles into Pakistan

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    KARACHI: Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under three different schemes, according to a guide issued by Federal Board of Revenue (FBR).

    Written by

    Faisal Shahnawaz
    car import

  • Income Tax Ordinance 2001: Commissioners power to amend assessment of annual income return

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    KARACHI: A commissioner of Inland Revenue has been empowered to alter annual income tax return of a person on detection of tax evasion or avoidance.

    Written by

    Faisal Shahnawaz
    FBR Blue