Tag: FBR
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FBR may be forced to announce extension of tax return deadline amid technical issues
Federal Board of Revenue (FBR) may be forced to extend the deadline for some filers due to an issue in the IRIS system.
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Pakistan can no longer afford non-filers: Finance Minister
Finance Minister Muhammad Aurangzeb has confirmed that the government is preparing to eliminate the category of non-filers.
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Retailers dodging the tax system could face Rs500,000 fine per ‘non-certified receipt’
The Federal Board of Revenue (FBR) is considering slapping heavy fines on major retailers who are dodging the tax system by issuing “non-certified receipts” to customers.
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FBR asks traders to pay advance tax of up to Rs60,000 by the 15th of every month
The Federal Board of Revenue (FBR) has issued a notice to traders in Karachi, instructing them to pay an advance tax of up to Rs 60,000 per month under the Tajir Dost Scheme.
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FBR registers 58000 traders against 3.2 million target
The Federal Board of Revenue (FBR) has so far registered over 58,000 small traders or new shopkeepers under the Tajir Dost Scheme against the target of 3.2 million. Business Recorder has reported that monthly tax payments from traders will start from the ongoing month.Chief Coordinator of the Tajir Dost Scheme Naeem Mir said that the…
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IMF wants FBR to bring over 20 million Pakistanis into tax net in five years
To broaden the tax base, the Federal Board of Revenue (FBR) has outlined its five-year objectives to the International Monetary Fund (IMF), sources reveal.
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PM Shehbaz urges FBR to modernise tax system without burdening honest taxpayers
Prime Minister Muhammad Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to implement a strategy using the latest technology to expand the tax base without imposing additional burdens on honest taxpayers.
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FBR imposes 18% GST on packaged food items to boost revenue
The Federal Board of Revenue (FBR) has announced the imposition of an 18 percent General Sales Tax (GST) on packaged food items.
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More than 53,000 suspicious identity cards issued to foreigners
More than 53,000 fake computerised national identity cards have been found during a crackdown against illegal aliens across the country. An investigation conducted by the Federal Ministry of Interior showed that 595 vehicles were registered in Khyber Pakhtunkhwa on suspected identity cards of illegal foreigners returning home from Pakistan. Cases have been prepared against 7,500…
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FBR surpasses May revenue target with Rs760 billion collection
The Federal Board of Revenue (FBR) has exceeded its revenue target for May in the fiscal year 2023-24 by collecting Rs760 billion in tax revenues, surpassing the target of Rs745 billion.