Tag: FBR
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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FBR notifies rules to resolve cases through alternate dispute resolution
KARACHI: Federal Board of Revenue (FBR) has notified rules to implement Alternate Dispute Resolution (ADR) for reduce the number of tax cases and facilitate taxpayers through settlement without going any court of law.
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Rs6.8 billion revenue loss estimated on implementation of reform package: FBR
An amount of Rs6.8 billion as revenue loss has been estimated on implementation of reform package by the Federal Board of Revenue (FBR).
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PM directs FBR, FIA to stop harassment in amnesty scheme cases
Prime Minister Imran Khan has taken a decisive step to ensure that businessmen who availed the income tax amnesty scheme and fulfilled all codal formalities are not subjected to harassment.
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Finance Supplementary Bill: FBR issues salient features of sales tax and federal excise duty
Finance Supplementary Bill: Federal Board of Revenue (FBR) has issued salient features of sales tax and federal excise duty proposed through Finance Supplementary (Second Amendment) Bill, 2019.
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Commissioner empowered to issue assessment order of past ten years on discovery of undisclosed offshore assets
The government has granted powers to Commissioner Inland Revenue at the Federal Board of Revenue (FBR) to issue assessment order of past ten years on discovery of undisclosed offshore assets.
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FBR to notify special procedure for small traders, shopkeepers
The Federal Board of Revenue (FBR) has announced its intent to roll out a special tax procedure tailored for small traders and shopkeepers in the country.
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Tax on undistributed profits not to applicable beyond tax year 2019
The tax on undistributed profits, which had been introduced in the Finance Act of 2017, will not be applicable beyond the tax year 2019.
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FBR issues first Urdu version Customs Act 1969
Islamabad: In a move aimed at enhancing accessibility and understanding of tax regulations among traders and the business community, the Federal Board of Revenue (FBR) has unveiled the first-ever Urdu version of the Customs Act, 1969.
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Income Tax Ordinance 2001: minimum tax on income of certain taxpayers
Karachi: The Federal Board of Revenue (FBR) has made significant amendments to the Income Tax Ordinance, 2001, introducing the concept of minimum tax on the income of certain taxpayers, including individuals and corporate entities.
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