ISLAMABAD: The Federal Board of Revenue (FBR) has published a comprehensive directory detailing the tax contributions of major cities across Pakistan for the tax year 2018 contributing above Rs1 billion. This directory provides valuable insights into the fiscal landscape of the country, highlighting the significant contributions made by urban centers to the national exchequer.

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 […]

ISLAMABAD – The Federal Board of Revenue (FBR) has published its analysis of income tax returns for the tax year 2018, shedding light on the categories of taxpayers and their income brackets. The report reveals that the largest number of tax returns were submitted by individuals whose income fell below the taxable threshold.

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 […]

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 […]