KARACHI: Federal Board of Revenue (FBR) has attached bank accounts of leading businessmen and bankers of the country for recovery of capital value tax (CVT) on immovable properties abroad.
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The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.
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FBR links tax refund payment to realization of export proceeds
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday linked the issuance of refund payment to the realization of export proceeds.
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Scheme for duty free car import by disabled persons in Pakistan
Pakistan, under Import Policy Order 2022, has granted a scheme of duty free import of cars for disabled persons into the country.
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FBR chairman directs IR offices to ensure recovery of tax arrears
LAHORE: Asim Ahmad, Chairman, Federal Board of Revenue (FBR) has directed offices of Inland Revenue (IR) to ensure recovery of tax arrears.
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FBR sets up committee for developing sales tax return filing portal
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday set up a committee for development and designing the single portal for filing of sales tax return at national level.
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FBR directed to examine sales tax deduction on computerized arms licenses
ISLAMABAD: Federal Board of Revenue (FBR) has been directed to examine chargeability of sales tax on computerized arms license in the form of cards.
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Collector given powers to sanction unlimited refund amount
In a significant development, the Federal Board of Revenue (FBR) has granted unprecedented powers to the collector of customs, allowing them to sanction an unlimited amount of refunds.
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FBR adds about 60,000 new return filers to weekly active taxpayers list
ISLAMABAD: Federal Board of Revenue (FBR) on Monday added about 60,000 new income tax return filers to weekly active taxpayers list (ATL).
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FBR nets 96 big retailers for POS integration
ISLAMABAD: Federal Board of Revenue (FBR) on Friday identified 96 big retailers for mandatory integration with Point of Sale (POS) system.
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Massive increase in prices of 1400CC+ cars likely after luxury sales tax
Experts estimated a massive hike in prices of cars with capacity of 1400CC and above after imposition of sales tax rate at 25 per cent.
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