The Federal Board of Revenue (FBR) has revised the valuation of immovable properties in Karachi, announcing an increase of around 20 percent.
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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 revises valuation of immovable properties
The Federal Board of Revenue (FBR) has announced revised valuations for immovable properties in major cities, including Karachi, Lahore, and Islamabad.
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FBR extends date for availing audit scheme up to February 28
The Federal Board of Revenue (FBR) has granted a one-month extension for availing the audit scheme, pushing the deadline to February 28, 2019.
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FBR gets 1.81 million active taxpayers for 2017
The Federal Board of Revenue (FBR) has reported a noteworthy surge in the total number of active taxpayers, reaching 1.81 million for the tax year 2017, according to the latest Active Taxpayers List (ATL) released on a weekly basis.
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Income Tax Ordinance 2001: collection of tax from company in liquidation
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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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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