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Funds 2021-22: FBR plans to lower earnings tax slabs from 11 to 5

FBR to deliver down earnings tax slabs to 5 in upcoming funds.Final fiscal yr, FBR had collected Rs116 billion in private earnings tax.The FBR...

FBR seizes over half 1,000,000 unlawful cigarettes close to Islamabad

FBR says confiscated cigarettes price over Rs40 million.Producer had not paid federal excise responsibility amounting to Rs9.9 million, says income board. FBR says the producer...

FBR crosses eight-month income assortment goal by Rs18b

Provisional assortment figures present FBR collected a internet income of Rs2,916 billion throughout Jul-Feb.FBR collected Rs343 billion in February in opposition to the required...

Govt to abolish company earnings tax exemptions to handle IMF considerations

Authorities hoping to fetch Rs150-200 billion through abolition of tax exemptionsGovt abolishing tax exemptions to fulfill IMF’s Govt Board earlier than devising finances for 2021-22ISLAMABAD:...

Senate election: Election Fee asks FBR, NAB, SBP to confirm candidates’ knowledge

ISLAMABAD: The Election Fee has sought knowledge of candidates contesting the Senate elections from 4 establishments for verification.The Ministry of Inside, Federal Board of...

FBR claims tax reforms launched in nation beginning to pay dividends

FBR claims it exceeded its seven-month income goal for ongoing FY 2020-21 due to reformsFBR says it has collected knowledge from totally different utility...

Businessmen suggested to utilise FBR’s provide to settle authorized instances outdoors of court docket

Businessmen can avail FBR’s out of court docket settlement provideOn January 1, the FBR launched a simplified course of on the first enchantment, ie...

Forward of FATF overview, FBR asks jewellers to maintain file of money transactions

Data of money transactions need to be maintained for not less than 5 years by jewellers. Picture: AFPJewelry merchants sure to retain money transaction...

FBR favours settling authorized circumstances outdoors of the court docket

FBR encourages out-of-court settlement of authorized circumstancesThe FBR launched a simplified course of on the first attraction, ie commissioners appeals stage by implementing the...

Why does Pakistan have Rs5,000 notice, asks former FBR chairperson Shabbar Zaidi

Former FBR chairperson Shabbar ZaidiFormer FBR chairperson Shabbar Zaidi confused why Pakistan utilizing Rs5,000 noticeFinal week, Zaidi stated authorities ought to demonetise Rs5,000 notice...

Pakistan improves on Buying and selling Throughout Border Index rating: FBR

A Federal Board of Income workplace. — APP/FileISLAMABAD: In a significant achievement in the direction of making certain ease of doing enterprise, Pakistan has...

FBR mulls merging varied taxes into one for commerce, industries sector

FBR seeking to merge varied taxes into oneTax official says suggestions will likely be despatched to the ParliamentFPCCI involved over govt failure to seek...

FBR’s refusal to share secret info irks MPs

Heated argument began when NA committee requested particulars of offshore property owned by the president of a nationalised financial institutionFBR refused to share info...

FBR decides towards imposing penalty on late revenue tax returns filers

A Reuters representational picture.Penalties, fines will not be imposed on late filers2.4 million people filed tax returns by January 15KARACHI: Federal Board of Income...

Sindh agrees to renew assortment of withholding tax on motor automobiles for FBR

Sindh authorities agrees to restart assortment of withholding tax on motorcar registrationSindh govt had stopped gathering the tax after federal authorities deducted Rs5 billion...

FBR reaches out to stakeholders to carry tax reforms in capital markets

FBR kinds high-level committee on capital markets tax reforms Committee to overview tax insurance policies and recommend particular short-term, medium to long run measuresCommittee empowered...

Reversing zero ranking of Pakistan export sector regressive: Shabbar Zaidi

Former FBR chairperson Shabbar Zaidi. Photograph: Geo.television/ fileFormer FBR chairperson Shabbar Zaidi tweets concerning the zero ranking of exports in PakistanHe says he "fought...

FBR to gather Rs2,759b in final six months of fiscal 12 months to fulfill goal

FBR releases provisional income assortment figures for first six months of FY20-21FBR points near Rs102 billion in refunds in first six months of FY...

FBR barely misses charge assortment focus for July-Dec 2020

FBR authorities confident of expansion in net income collectionThe FBR gathers Rs503 billion for December against focus of Rs541 billion FBR's intersection of Rs2,000...

Bureau favors Javed Ghani’s arrangement as lasting FBR executive

Approval comes during a gathering led by PM Imran KhanPTI govt eliminated Ghani's archetype, Nausheen Javed Amjad, in JulyGhani was thusly delegated for a...

Karachi charge affiliation brings worries over postponement up in FBR structures: report

FBR made it obligatory for citizens to refresh their profile. Photograph: Geo. television/FileKTBA President said endorsed structure to refresh citizens' profiles has not been...

To meet FBR target, charge forced at a bargain of new vehicles inside 90 days of procurement

The logo of Federal Board of Revenue.Tax will be forced on special of new vehicles inside 90 days of purchase The choice has been...

Latest news

Hyderabad: A number of areas face extended energy outages amid rainfall

Picture of a road in Hyderabad inundated with rainwater. For illustration solely. Photograph: FileA number of areas of Hyderabad are going through extended energy...

UK journey ban: British govt’s transfer to ‘purple listing’ Pakistan challenged

Picture for illustration solely. Photograph: FileA British-Pakistani household stranded in Pakistan has filed a authorized declare in opposition to the UK govt's resolution to...

Saad Rizvi urges employees to disperse from mosque protest, shura members to show themselves in

Supporters of the proscribed Tehreek-e-Labbaik Pakistan (TLP) social gathering collect as they block a road throughout a protest, in Lahore on April 18, 2021....

COVID-19: New Delhi faces acute dearth of hospital beds, oxygen amid surging circumstances

Sufferers affected by coronavirus illness (COVID-19) get remedy on the casualty ward in Lok Nayak Jai Prakash (LNJP) hospital, amidst the unfold of the...

Heavy police contingents deployed at Islamabad’s entry and exit factors

Safety was tightened all through the capital on Sunday night, after a excessive alert was issued.In response to DIG Operations Islamabad, heavy contingents of...