FBR sets up body to resolve issue of pending refunds ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee for the resolution of pending income tax... Updated 14 Dec, 2023 09:55am
Print Non-filers of tax returns: FBR to identify bureaucrats, bankers, others FBR apprehends that many senior government officials in different ministries and departments including police etc are non-filers of income tax returns Updated 12 Dec, 2023 10:13am
World Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh RIYADH: Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional... Published 06 Dec, 2023 04:27am
Business & Finance E-filing certificate: Taxmen given Dec 6 deadline ISLAMABAD: The Federal Board of Revenue (FBR) has given a deadline of December 6, 2023, to tax officers (BS-17 and... Published 05 Dec, 2023 03:01am
Opinion Tax on windfall income: Banking companies General, The Finance Act, 2023 introduced a new provision, Section (99D), in the Income Tax Ordinance 2001. Under... Updated 29 Nov, 2023 05:35am
Business & Finance Ship-breaking firm recovers damages against tax dept LAHORE: A private firm involved in the business of ship breaking has recovered damages against the Income Tax... Published 29 Nov, 2023 05:09am
Business & Finance Past income tax arrears: FBR recovers Rs2.8bn ISLAMABAD: The Federal Board of Revenue’s recovery from past income tax arrears totaled at Rs 2.8 billion during... Published 29 Nov, 2023 05:09am
Opinion IMF review & state of economy I expect an agreement on the review to come within this week, so, any day now. I can say that Pakistani authorities,... Updated 17 Nov, 2023 06:31am
Business & Finance A tug of war between tax dept and welfare organisation over surplus income from investments LAHORE: Welfare organisations utilising the surplus income out of their investments for their own beneficiaries are... Published 07 Nov, 2023 06:33am
Business & Finance Recovery notices under Sec 138: FTO orders probe against FBR ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered an investigation against the Federal Board of Revenue (FBR)... Published 05 Nov, 2023 03:10am
Print Sections 111, 122 of Income Tax Ordinance: FBR cannot issue combined notice to taxpayer: IHC ISLAMABAD: Islamabad High Court (IHC) has ruled that the Federal Board of Revenue (FBR) cannot issue a combined... Updated 04 Nov, 2023 09:23am
Business & Finance FBR receives over 2.9m income tax returns ISLAMABAD: The Federal Board of Revenue (FBR) has received over 2.9 million income tax returns for the tax year 2023... Published 01 Nov, 2023 05:57am
Business & Finance Filing tax returns: PTBA demands extending deadline LAHORE: The Pakistan Tax Bar Association (PTBA) has urged the Chairman Federal Board of Revenue (FBR) to extend the... Published 31 Oct, 2023 05:26am
Print Ultimate beneficial ownership: Requirements more stringent in income tax law than corporate one: expert ISLAMABAD: The requirements of ultimate beneficial ownership as laid down in the Income Tax law are more stringent... Updated 28 Oct, 2023 09:49am
Business & Finance Japan considering $33bn spending on payouts, tax cut to counter inflation TOKYO: Japan’s government is considering spending around $33 billion for payouts to low-income households and an... Published 26 Oct, 2023 06:08am
Print FBR, Nadra agree to exchange taxpayers’ data ISLAMABAD: The Federal Board of Revenue (FBR) and the National Database and Registration Authority (Nadra) have... Updated 20 Oct, 2023 09:02am
Print World Bank for taxation of agri income, property ISLAMABAD: The World Bank (WB) has recommended taxation of agricultural income and property, withdrawal of... Updated 10 Oct, 2023 11:22am
Print FBR to field DTOs to identify new taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across... Updated 09 Oct, 2023 09:44am
Pakistan Solar panel import scam: FBR tries to put the blame on banks ISLAMABAD: The Federal Board of Revenue (FBR) has tried to put the entire blame on banks for not checking massive... Published 06 Oct, 2023 03:03am
Opinion Improving tax compliance The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax... Published 03 Oct, 2023 06:02am
Business & Finance Insurance industry paid Rs34.3bn against taxes, duties in 2022 ISLAMABAD: The insurance industry has paid taxes/duties of Rs34.3 billion to the exchequer during 2022 including... Updated 03 Oct, 2023 08:43am
Business & Finance FBR confirms tax return filing deadline extended by 1 month The Federal Board of Revenue (FBR) on Saturday said the date of date of filing income tax returns for Tax Year 2023... Published 30 Sep, 2023 11:54pm
Print Tax return filing deadline likely to be extended by 1 month ISLAMABAD: The Federal Board of Revenue (FBR) may grant a one-month extension in filing of income tax return forms,... Updated 29 Sep, 2023 09:56am
Business & Finance FBR should provide 90 days for submission of tax returns: PTBA LAHORE: The Pakistan Tax Bar Association (PTBA) has demanded that the chairman of the Federal Board of Revenue ... Published 29 Sep, 2023 06:24am
Print IRIS system’s capacity enhanced: Up to 0.6m taxpayers to file tax returns on a daily basis ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced the capacity of the IRIS system enabling 0.5-0.6 million... Updated 28 Sep, 2023 10:20am
Opinion Super tax for tax year 2023: hiked rate cannot be applied with retrospective effect In our Technical Release 1/2023 relating to the Finance Act, 2023, which was issued on June 9, 2023, our view was... Updated 26 Sep, 2023 07:32am
Business & Finance FBR urges citizens to file income tax return by September 30, 2023 KARACHI: As the fiscal year comes to a close, the Federal Board of Revenue (FBR) urged taxpayers across Pakistan to... Updated 26 Sep, 2023 12:21pm
Business & Finance FBR urged to extend income tax return deadline ISLAMABAD: Tax bar associations, chartered accountant firms, tax advisers and tax experts have approached the... Updated 25 Sep, 2023 09:15am
Print Manual filers declared as active taxpayers by FBR ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) has... Updated 20 Sep, 2023 09:42am
Opinion Administrative crackdown: will it work? The State’s crackdown against the smugglers and illegal currency traders has met with initial success. The fear... Updated 18 Sep, 2023 07:40am