Return filed on CNIC basis to be treated as registered

KARACHI: A person files income tax return on the basis of Computerized National Identity Card (CNIC) shall be treated as registered taxpayer on the day the person files income tax return. Read more »

Jewelers, real estate agents to maintain register, report suspicious transactions: draft rules issued

ISLAMABAD: Federal Board of Revenue (FBR) has proposed to make mandatory for jewelers and real estate agents to report suspicious transactions. Read more »

FBR issues rules for filing biannual withholding statement

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified amendments to Income Tax Rules, 2002 under which withholding agents are required to file withholding statements biannually instead monthly. Read more »

FBR notifies rules to resolve cases through alternate dispute resolution

KARACHI: Federal Board of Revenue (FBR) has notified rules to implement Alternate Dispute Resolution (ADR) for reduce the number of tax cases and facilitate taxpayers through settlement without going any court of... Read more »

Profit on Debt: FBR makes mandatory for banks to provide details of account holders

ISLAMABAD: Federal Board of Revenue (FBR) has made it mandatory for banks to provide details of all those persons receiving profit on their deposits exceeding Rs 1 million for filers and Rs500,000... Read more »