ISLAMABAD: Federal Board of Revenue (FBR) has issued details of tax contribution by major cities in the country. The FBR issued directory for tax year 2018 and provided details of tax contribution by major cities of the country. Following is the list of cities contributed above Rs1 billion to the national exchequer: 01. Karachi Rs209.10 … Read more

ISLAMABAD: Federal Board of Revenue (FBR) has said that around 71 percent return filing corporate entities have declared income less than Rs500,000. According to director for tax year 2018 issued by the FBR on September 18, 2020 revealed that only 44,609 companies had filed their returns for the year. As per Income Tax Ordinance, 2001 … Read more

ISLAMABAD: The Federal Board of Revenue (FBR) has issued analysis of income tax returns by categories of taxpayers for tax year 2018. It shows the highest number of returns was filed by persons whose income was not subject to tax. The threshold income that was exempt for tax year 2018 was Rs400,000 for salaried persons … Read more

ISLAMABAD: Salaried persons have shared 42.12 percent of total income tax return filing with the Federal Board of Revenue (FBR), and they are second largest contributors in return filing after non-salaried individuals. According to a directory for tax year 2018 issued by the FBR a day earlier showed that the salaried persons filed 1.2 million … Read more

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued the tax directory for tax year 2018 disclosing the payment of tax made by members of upper and lower houses. Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue, in his massage on launching of the tax directory said that transparency in tax … Read more