Pakistan Revenue
ISLAMABAD: The number of return filers may reach near 6.5 million if persons obtained National Tax Number (NTN) make compliance. According to the Federal Board of Revenue (FBR) more than 3.5 million are those NTN holders are not filing income tax return. Under Section 114 of Income Tax Ordinance, 2001 the filing of income tax […]
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KARACHI: Federal Board of Revenue (FBR) has started enforcement dive to ensure displaying National Tax Number (NTN) at place of business. Sources in FBR said on Tuesday that the tax offices had started campaign to ensure displaying of NTN at place of the business. The tax authorities will imposed penalty of around Rs5000 on persons […]
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KARACHI: Hapag Lloyd has revised its announcement and now requirement of National Tax Number (NTN) of Pakistani importers is not mandatory any more, according an official memorandum of Karachi Customs Agents Association (KCAA). According to the official memorandum, the KCAA informed its members that in the previous announcement by the Hapag Lloyd regarding mandatory requirement […]
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ISLAMABAD: Federal Board of Revenue (FBR) has chalked out a comprehensive plan to broaden the tax base by enforcing tax returns in the case of all National Tax Number (NTN) holders. According to Economic Survey 2018/2019 released on Monday said that the FBR would take following measures to broaden the tax base: — Creation of […]
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KARACHI: The National Tax Number (NTN) is mandatory for a person applying by commercial or industrial connection for electricity or natural gas. The Federal Board of Revenue (FBR) recently updated Income Tax Ordinance, 2001 which explained about taxpayer’s registration.Section 181: Taxpayer’s registration.— Sub-Section (1): Every taxpayer shall apply in the prescribed form and in the prescribed […]
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