Tag: Fbr
German companies asked to use liberal investment regime in Pakistan
German Ambassador Ina Lepel called on Federal Minister for Finance Senator Ishaq Dar and discussed the investment opportunities in Pakistan.
The envoy informed the minister...
Govt proposes huge tax cut for PCB
The offer is tantamount to giving an amnesty to the PCB, as the tax authorities had demanded Rs800 million from the PCB for the last four years.
Govt hints at rescinding amendment to tax law
Mandviwalla says government has been manipulating figures each year since the PML-N came into power in 2013.
FBR proposes Rs 200 billion revenue measures for FY17
The government has provided tax incentives to the agriculture sector, five export oriented sectors, youth oriented ICT sector and Chinese investment in Gwadar.
Cannot take any action over Panama leaks under existing law: FBR...
Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan said on Wednesday the body cannot take any legal actions against the Pakistanis named in...
PM’s assistant reverses FBR’s decision to slap tax on flour mills’...
Special Assistant to Prime Minister Haroon Akhtar Khan has overturned Federal Board of Revenue's (FBR) decision to impose six per cent withholding tax on...
Tax policy board should have oversight on FBR: ICAP
The Institute of Chartered Accountants, Pakistan (ICAP), in its budget proposal, has given a roadmap for broadening the tax base, facilitating the already registered...
FBR losing Rs 24 billion per annum in revenue on illegal...
At a time when the government has increased taxes and duties on all the non-essential items to meet the IMF targets, the illicit cigarette...
Amnesty scheme: Out of 2.8m traders, only 3,205 pay tax
Major tax evaders – the traders who happen to be traditional voters of the ruling party – are not ready to come into the...
FBR announces Tax Compliance Scheme for traders
FBR has announced Voluntary Tax Compliance Scheme for traders who want to enter the tax base throughout the country.
All out efforts in this regard...
FBR asserts federation’s right to levy taxes
Says, entire supply chain and manufacturing activities subject to Sales Tax by federation only
In response to reservations expressed over double taxation by a KCCI...
FBR collets Rs 785 billion in first quarter
During the quarter, October to December 2015, according to the provisional figures received so far, the Federal Board of Revenue (FBR) has made a...
FBR collects Rs 1,269 bln in revenues in current fiscal year
The Federal Board of Revenue (FBR) has collected Rs 1,269 billion in revenues as of December 28 during the current fiscal year against the...
PRA seals business premises of fashion designer Hassan Sheheryar
The Punjab Revenue Authority (PRA) Saturday sealed the business premises of renowned fashion designer Hassan Sheheryar Yasin (HSY) on filing ‘nil’ monthly sales tax...
44 politicians selected for income tax audit
The Federal Board of Revenue (FBR) has decided to audit income tax returns of 44 politicians, including Punjab Chief Minister Shahbaz Sharif who paid Rs 5.13 million in income tax in the last fiscal year, a report in the local media said on Saturday.
Rs 450m fraud in CDA tax returns
A fraud of Rs 450 million has been revealed during the collection of property tax in Capital Development Authority (CDA).
An inquiry has been ordered...
ICCI demands extension in deadline for filing of tax returns
Islamabad Chamber of Commerce and Industry (ICCI) has called upon the Federal Board of Revenue to extend the deadline of Sep 30, 2015 for...
