The Federal Board of Revenue (FBR) has issued updates to the Income Tax Ordinance, 2001, emphasizing the joint responsibility of directors for the payment of taxes owed by a company, even if the said company is in a state of liquidation.
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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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Pakistan Tax Bar asks FBR to extend last date for availing audit scheme
KARACHI: Pakistan Tax Bar Association (PTBA) on Thursday asked Federal Board of Revenue (FBR) to extend the last date up to March 31 for availing audit scheme under Section 214E of Income Tax Ordinance, 2001.
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Bill focuses very low on revenue collection: former FBR Member
KARACHI: The Finance Supplementary (Second Amendment) Bill, 2019, presented by the PTI government, is perceived to have a nominal impact on revenue collection, with a predominant focus on stimulating industrial growth.
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Prime Minister directs FBR to focus on big tax evaders
ISLAMABAD: Prime Minister Imran Khan has directed the Federal Board of Revenue (FBR) to intensify efforts in recovering taxes from major evaders.
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Income Tax Ordinance 2001: Tax recovery through arrest, attachment of property
KARACHI: Federal Board of Revenue (FBR) has powers to attach moveable or immovable properties and through arrest of a person for recovery of due amount of taxes.
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Eliminating all tax exemptions, concessions planned
KARACHI: The government considering to withdraw all types of tax exemptions and concessions during next few years.
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Income Tax Ordinance 2001: Due date for payment of tax
KARACHI: Federal Board of Revenue (FBR) has explained the due date for payment of tax under Section 137 of Income Tax Ordinance, 2001.
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FBR notifies promotion of 41 IRS officers to BS-20 and BS-21
ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified promotion of 41 officers of Inland Revenue Service (IRS) to BS-20 and BS-21.
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