tax recovery Archives - Pkrevenue.com

Finance Bill 2025 empowers authorities for immediate tax recovery

June 11, 2025June 11, 2025Shahnawaz Akhter

Karachi, June 11, 2025 – In a significant move to enhance enforcement and ensure timely collection of dues, the Finance Bill 2025 has proposed amendments to the Income Tax Ordinance, 2001, empowering tax authorities to initiate immediate recovery of outstanding tax liabilities.

Lahore High Court issues landmark ruling on tax recovery

June 1, 2025June 1, 2025Mrs. Anjum Shahnawaz

Lahore, June 1, 2025 – The Lahore High Court has issued a detailed judgment clarifying the legal process regarding the recovery of tax arrears and the initiation of criminal proceedings against taxpayers.

FBR Tightens Procedures for Tax Recovery from Bank Accounts

February 19, 2024February 20, 2024Shahnawaz Akhter

Karachi, February 19, 2024 – The Federal Board of Revenue (FBR) has tightened its grip on tax recovery procedures, mandating that its offices obtain prior approval for accessing taxpayers’ bank accounts.

FBR Recovers Rs 4.5 Billion in Tax From Multinational Company

January 2, 2024January 2, 2024Shahnawaz Akhter

Karachi, January 2, 2024 – The Federal Board of Revenue (FBR) has successfully recovered an outstanding tax amount of Rs 4.5 billion from a multinational company (MNC).

Law prohibits arrest of women, minors for tax recovery

January 25, 2021January 26, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Income tax law has prohibited tax officials from arresting any woman or a minor for recovery of tax default amount, officials at Federal Board of Revenue (FBR) said on Monday. They said that Commissioner Inland Revenue, having authority to recover tax amount by using various options defined under the law, has been prohibited to […]

PRA empowered to arrest tax defaulters, imprison for six months

June 18, 2020June 18, 2020Mrs. Anjum Shahnawaz

LAHORE: Punjab Revenue Authority (PRA) has been empowered to arrest defaulters and imprison for six months for making recovery of outstanding tax. The Punjab Finance Bill, 2020 has proposed to empower PRA in certain provisions of Punjab Sales Tax Act, 2012 for making recovery of outstanding tax. According to interpretation of Punjab Finance Bill, 2020 […]

FBR notifies rules for third party recovery of defaulted amount

April 3, 2020April 4, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified rules for third-party recovery of defaulted amount. The FBR issued SRO 274(I)/2020 dated April 02, 2020 to implement the draft rules released on February 14, 2020 through SRO 111(I)/2020. Through the SRO the FBR amended the Income Tax Rules, 2002 and introduced a new chapter “Recovery […]

FBR may invoke provisions for third party recovery

March 7, 2020April 6, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) may invoke provisions related to third party recovery of tax defaulted by a taxpayer. FBR sources said that the tax authorities may invoke Section 140 of Income Tax Ordinance, 2001 in order to make recovery from a defaulter. The FBR recently notified draft rules through SRO 111(I)/2020 dated February […]

FBR drafts rules to make recovery

February 18, 2020March 7, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued draft rules for making recovery from persons holding money on behalf of taxpayers.

IR officers empowered to sell defaulters’ properties without attachment

November 22, 2019March 19, 2021Mrs. Anjum Shahnawaz

KARACHI: Officers of Inland Revenue (IR) have been empowered to sell moveable or immovable properties of sales tax defaulters for recovery of arrears. Section 48 of Sales Tax Act, 1990, which was updated up to June 30, 2019 by the Federal Board of Revenue (FBR) explained the powers of IR officers for recovery of arrears […]

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