ISLAMABAD — The Federal Board of Revenue (FBR) issued a clarification on Friday to address certain media reports that suggested advance taxes give artificial boost to revenue collection.
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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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Schedule for filing annual returns
KARACHI — The Federal Board of Revenue (FBR) has issued the schedule for filing the annual income tax return, emphasizing the significance of adhering to the specified deadlines.
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FBR directs customs officers to join new place of posting immediately
ISLAMABAD — The Federal Board of Revenue (FBR) has issued a stern directive to customs officers, warning of departmental action if they fail to comply with their recent transfer orders.
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Return filers entitled to many reductions, rebate and credits
The Federal Board of Revenue (FBR) has released a comprehensive facilitation guide outlining the various tax reductions, rebates, and credits available to income tax return filers.
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Requirement of wealth statement
The Federal Board of Revenue (FBR) has recently introduced amendments to the Income Tax Ordinance, 2001, shedding light on the requirement for taxpayers to submit a wealth statement alongside their annual income return.
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FBR explains inclusion into ATL for availing tax benefits
ISLAMABAD: Federal Board of Revenue (FBR) has explained the inclusion into Active Taxpayers List (ATL) for availing reduced rates of withholding tax and other benefits.
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Persons who are not required to file annual income return
KARACHI: There are certain classes of persons who are not required to file annual return of income to Federal Board of Revenue (FBR).
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FBR withdraws additional customs duty on raw materials
Islamabad – The Federal Board of Revenue (FBR) has withdrawn additional customs duty on various imported raw materials.
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FBR notifies removal, reduction of RD on raw materials
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified elimination and reduction of regulatory duties on import of various raw materials used by manufacturing sector.
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