Tag: Fbr
FBR seeks advice against tribunal’s verdict from Law Ministry
FBR says Forvil Cosmetics is involved in massive tax evasion but was given a clean chit by a tribunal of Inland Revenue
Deadlock persists over real estate valuation
Even after holding two rounds of talks on Thursday, the real estate sector representatives and the tax authorities of the Federal Board of Revenue...
Another round today for valuation of immovable property
The real estate industry representatives on Wednesday presented their proposals to the Federal Board of Revenue (FBR) for amendments in devising the formula for...
FBR introduces software for deduction of sales tax, identification of vendor...
A new software has been introduced in all the accounting offices for automated verification of Sales Tax Registration Number (STRN) and deduction of applicable...
Illegal clearance of imported liquor caused national exchequer Rs 400 million
A local liquor importer of a branded liquor and some officials of the Federal Board of Revenue (FBR) Customs have caused a loss of...
FBR decides to conduct forensic audit of WHT being deducted by...
The Federal Board of Revenue (FBR) has decided to conduct the forensic audit of withholding tax being deducted by various cellular companies on recharge...
KTBA demands FBR to extend deadline
The Karachi Tax Bar Association (KBA) has requested the Federal Board of Revenue (FBR) chairman to extend the deadline for filing the monthly withholding...
Revenue collection target increased to Rs 3.601 trn
Large Tax-Payer Units to collect Rs 1.243 trn in 2016-17
The Federal Board of Revenue (FBR) has been given a new tax collection target of...
Telenor moves court against PTA, FBR to avoid paying $39.5m WHT
Telenor’s stance of not paying the 10 per cent WHT has surprised many as in its petition to the court, Telenor submitted that under section 236A of the Income Tax Ordinance, withholding tax is payable where there is a sale by public auction or auction by tender of any property or goods.
At long last: FBR achieves revenue target for last fiscal year
Reserves cross $23 billion for the first time
After withholding all the tax refunds during the last fiscal year and forcing companies to pay advance...
Govt to decide property value to counter tax evasion
Federation and third parties having the confidence of the Federal Government will decide the value of a property following an amendment in Income Tax...
Sales tax deduction to be made through automated system from July...
The Federal Board of Revenue (FBR) has announced that sales tax deduction will be made through an automated system from July 1.
A spokesman for...
FBR team to leave for Switzerland for talks on Pakistanis’ wealth...
A Federal Board of Revenue (FBR) team will leave for Switzerland on Thursday to hold talks with the Swiss authorities for reaching an agreement...
CCP issues Policy Note to FBR to eliminate discrimination against steel...
The Competition Commission of Pakistan (CCP) has issued a Policy Note to the Federal Board of Revenue (FBR) to eliminate discrimination meted out to...
Dutch firm eyeing investment in dairy, food sectors of Pakistan
The Royal Friesland Company (RFC) of Netherlands would invest in the dairy and food sectors of Pakistan, Global Chief Financial Officer RFC, Hein Schumacher...
Senate Panel rejects tax exemption to foreign trusts in a bid...
Opposition alleges the bill would have given cover to offshore holdings of PM’s family
FBR officials say amendments were necessary to get membership of OECD,...
‘A budget for the feudal lords of Pakistan’
Businessmen Group chairman expresses grave concerns over discretionary powers, increasing of taxes
Businessmen Group (BMG) Chairman and former president of the Karachi Chamber of Commerce...
