FBR issues rules for centralized payment of income tax refunds

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued draft rules for issuance of centralized payment of income tax refund. The FBR issued SRO 1239(I)/2020 to issue draft amendment to Income Tax... Read more »

FBR sets up cell to probe bogus refund claims

ISLAMABAD: Federal Board of Revenue (FBR) has established a cell to probe fake refund claims in order to make system transparent. In an official order issued on Thursday, the FBR said that... Read more »

FBR admits Rs232 billion payable as income, sales tax refunds

ISLAMABAD: Federal Board of Revenue (FBR) on Monday admitted to pay an amount around Rs232 billion as sales tax and income tax refunds to taxpayers. The FBR disclosed the amount of payable... Read more »

RTO-III Karachi assures exporters of resolving pending issues on priority

KARACHI: Dr. Amir Ali Khan Talpur, Chief Commissioner Inland Revenue, Regional Tax Office (RTO)-III, Karachi has assured the exporters of resolving pending issues on priority basis. “All the legitimate pending matters of... Read more »

Hafeez Shaikh directs FBR to pay income tax refunds of up to Rs50 million

KARACHI: Dr Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue on Thursday directed Federal Board of Revenue (FBR) to make payment of all income tax refunds of up... Read more »

Exporters doubt refund payment release on FBR collection failure

KARACHI: Exporters expressed concerns that their liquidity may be taken away by the government in shape of sales tax worth billions of rupees as Federal Board of Revenue (FBR) has failed to... Read more »

FPCCI demands immediate release of Rs250 billion tax refunds

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday demanded the government to release Rs250 tax refunds of exporters without any further delay. Read more »

FBR conducts audit of all refund cases

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that the tax machinery conducts audit of all refund cases. Read more »

Refunds of customs duties to be claimed within one year

KARACHI: Federal Board of Revenue (FBR) has said that the refunds against customs duties would be paid if claims have been made within one year. Read more »