ISLAMABAD: The tax authorities have issued 2.1 million notices to individuals and companies for non-compliance in annual return filing and to those who misdeclared assets in their annual returns of income, a statement issued by Federal Board of Revenue (FBR) said on Sunday. These notices were sent to defaulters by February 28, 2021. The FBR […]

ISLAMABAD: Federal Board of Revenue (FBR) has received 2.63 million income tax returns for tax year 2020 by February 28, 2021, just one day ahead of issuing new Active Taxpayers List (ATL). According to a statement issued on Sunday the FBR said that it had received 2.63 million income tax returns for tax year 2020 […]

ISLAMABAD: Federal Board of Revenue (FBR) on Friday said it has launched first phase of pre-filling of some information enabled for individual taxpayers in annual income tax returns. In a statement regarding ongoing reform process, the FBR said that those efforts were bearing fruit. According to the statement, FBR has designed simplified income tax returns […]

ISLAMABAD: Federal Board of Revenue (FBR) has issued around 1.4 million notices to non-filers of income tax returns and those who concealed income in their declaration, a statement said on Saturday. The statement said that the FBR issued notices to nearly 1.4 million taxpayers, who were supposed to file return, or filed nil return, or […]

ISLAMABAD: Federal Board of Revenue (FBR) on Saturday directed tax offices to ensure recovery of penalty amount from corporate taxpayers, who failed to file income tax returns by due date. The last date for filing income tax returns for tax year 2020 was December 31, 2020. However, the FBR said that a large number of […]

ISLAMABAD: Federal Board of Revenue (FBR) on Friday constituted a committee for simplification of income tax return for Tax Year 2021. As a part of various reform initiatives and in pursuance to the special instructions of the Prime Minister of Pakistan, FBR chairman has constituted a committee for timely designing/finalization and simplification of Income Tax […]

ISLAMABAD: The Federal Board of Revenue (FBR) has received 2.3 million income tax returns for the tax year 2020 by December 31, 2020, according to an official statement released on Friday.