May 19, 2024

Pkrevenue.com

Pakistan Revenue

Tag: Federal Board of Revenue

FBR transfers IRS officers of BS-17 to BS-20
May 15
Taxation

FBR transfers IRS officers of BS-17 to BS-20

ISLAMABAD: The Federal Board of Revenue (FBR) has transferred officers of Inland Revenue Service (IRS) of BS-17 to BS-20 with immediate effect under further orders. The FBR in a notification issued on May 14, 2022 transferred the following IRS officers: 01. Sajjad Akbar Khan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland […]

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FBR tightens monitoring to prevent currency smuggling
May 15
Money & Banking, Pakistan Customs, Taxation, Top stories

FBR tightens monitoring to prevent currency smuggling

ISLAMABAD: The Federal Board of Revenue (FBR) has tightened monitoring to prevent currency smuggling in the wake of free-fall in rupee value against the foreign currencies. A statement issued on Sunday stated that FBR Chairman Asim Ahmad had instructed customs field formations for stepping up vigilance to ensure monitoring of passengers to stop currency smuggling. […]

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FBR imposes ban on leaves of tax officials
May 11
Taxation

FBR imposes ban on leaves of tax officials

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday imposed ban on leaves of tax officials during last quarter of the current fiscal year in order to ensure maximum revenue collection for the year. The FBR in an office order stated that the last quarter of the fiscal year is of paramount importance for tax collection. […]

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Tax exemption sought for plant, machinery import
May 9
Budget 2022-2023

Tax exemption sought for plant, machinery import

KARACHI: The business community has sought exemption from withholding tax on import of plant and machinery in order to reduce the cost of doing business. Pakistan Business Council (PBC) in its proposals for budget 2022/2023 submitted to Federal Board of Revenue (FBR), said that Section 148 (1) of Income Tax Ordinance, 2001 covers advance tax […]

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FBR urged to audit income of commercial importers
May 8
Budget 2022-2023

FBR urged to audit income of commercial importers

KARACHI: The Federal Board of Revenue (FBR) has been urged to audit sales and income of commercial importers in order to discourage under-invoicing and misdeclaration for tax evasion. The Pakistan Business Council (PBC) in its proposals for budget 2022/2023 submitted to the FBR, recommended measures to stop under-invoicing by commercial importers. The PBC suggested: “Monthly […]

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