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FBR

FBR collects Rs4.858 trillion revenue in 10 months

ISLAMABAD: The Federal Board of Revenue (FBR) collected net revenues of Rs.4,858 billion during the first ten months of the current fiscal year (July-April 2021-22), showing growth of 28.6 percent over the collection of  Rs.3,778 billion during the corresponding period

FBR surpasses 9 months target by over Rs 240 bn: Tarin

ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin has applauded the nation on the Federal Board of Revenue (FBR) surpassing its nine months target by over Rs.240 billion in annual revenue target. Shaukat Tarin applauded the FBR for surpassing

FBR registers 33pc growth in sales tax in sugar sector

ISLAMABAD: The Federal Board of Revenue (FBR) has registered 33 percent growth in Sales Tax from Sugar Sector through Track and Trace System. Federal Board of Revenue(FBR) has achieved one more milestone through successful implementation of Track and Trace System(TTS)on

FBR freezes SSGC accounts over non-payment of dues

ISLAMABAD: Federal Board of Revenue (FBR) froze Sui Southern Gas Company (SSGC) accounts over non.payment of Rs. 23 billion dues in the head of sells tax. Saying a statement issued by FBR on Wednesday. It was further said in the

FBR suspends property valuation till January 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has suspended new property valuation till January 16, 2022, to review anomalies identified by key stakeholders. The announcement was made by the country’s supreme tax collection body from its official Twitter handle. The

FBR jacks-up immovable property rates in 40 cities

ISLAMABAD: After the increase in taxes, the Federal Board of Revenue (FBR) has jacked-up the valuation rates of immovable property, including commercial, residential, apartments, flats and other areas of 40 selected major cities of the country. The FBR used to

Real estate agents asked to register with FBR

ISLAMABAD: All the real estate agents are required to get themselves registered with the Federal Board of Revenue (FBR) under the anti-money laundering (AML) and counter-terrorist financing (CFT) laws and regulations. According to a notification, the FBR imposed a condition

FBR, NADRA working to ehance tax net: Tarin

ISLAMABAD: Advisor to Prime Minister on Finance and Revenue Shaukat Tarin on Tuesday said that Federal Board of Revenue (FBR) and NADRA are working on broadening the tax base through the use of modern technology. Finance Advisor, while addressing launch

PM commends FBR over record tax collection

ISLAMABAD: Prime Minister Imran Khan has congratulated the Federal Board of Revenue (FBR) for achieving a tax collection target of Rs 1,840 billion for the July-October period of the current fiscal year. Taking to Twitter, the prime minister said that

Know how you can file tax returns from home?

The Federal Board of Revenue (FBR) has announced that there would be no extension in the last date of filing the tax returns for 2021, after multiple extensions which have garnered it new filers to submit returns for the fiscal

No further extension in deadline for filing tax returns: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) once again clarified that there would be no further extension in the deadline for filing tax returns for the fiscal year 2021 beyond October 15. FBR spokesperson Asad Tahir Cheema in a statement

FBR abolishes sales tax on fruits import from Afghanistan

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished sales tax on the import of fresh fruits from neighboring country, Afghanistan. According to the FBR, now the fresh fruits can be imported from Afghanistan without provision of any sales tax.

Traders to stage protest against new tax laws in Islamabad

ISLAMABAD: The trader community has decided to launch a strong protest against the promulgation of the Tax Laws (Third Amendment) Ordinance 2021 on 29th September in Islamabad. The protest will be held in front of the Federal Board of Revenue

SAPM Mahmood Moulvi advises Customs and FBR to probe ocean carrier surcharges

KARACHI: Special Assistant on Maritime Affairs Mr Mahmood Moulvi has advised Customs and the FBR to seek an explanation from ocean carriers about congestion and other surcharges levied on exporters and importers. The prime minister’s aide suggested that the Customs

FPCCI raises concern over sweeping powers granted to FBR

KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has raised concerns over the Finance Bill 2021-22 which could grant sweeping power to the Federal Board of Revenue (FBR). According to the proposed changes, the FBR will have the

In a first, FBR seizes luxury vehicle under Anti-Benami Initiative in Islamabad

ISLAMABAD: In a first of its kind operation, the Federal Board of Revenue’s (FBR) Anti Benami Initiative confiscated a luxury vehicle n the federal capital. According to a statement, the initial clue to this vehicle’s ownership was traced from Excise

FBR introduces online e-hearings of tax audits, assessments cases

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced online electronic hearing of tax audits and assessments cases. According to a statement, the FBR has launched the software of electronic hearing of tax audit and assessment cases to facilitate the

FBR’s growth shows policies have led to economic revival: PM

ISLAMABAD: The Federal Board of Revenue (FBR) surpassed its revenue collection target to Rs384bn in April, the second highest collection in the second half of current fiscal year (FY21). Prime Minister Imran Khan has commended FBR’s efforts on achieving growth

FBR achieves growth of 57% in April to collect Rs384 bn

ISLAMABAD: The Federal Board of Revenue (FBR) surpassed its revenue collection target to Rs384bn in April, the second highest collection in the second half of current fiscal year (FY21). According to provisional data collected by the tax authorities, the FBR

FPCCI appreciates FBR for facilitating trade in tribal areas

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appreciated the decision of Federal Board of Revenue to facilitate trade in the erstwhile FATA. In a statement, FPCCI President Mian Nasser Hyatt Maggo and Vice President Nasir Khan

FPCCI President urges FBR to withdraw show cause notices

KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Nasser Hyatt Maggo has urged the Federal Board of Revenue (FBR) to withdraw show-cause notices issued under section 161(1A) of Income Tax Ordinance 2001 read with rule 44(4)

Taxpayers can be added on ATL after paying surcharge: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has uploaded the Active Taxpayers List (ATL) for Tax Year 2020 on March 1. According to the bureau, the number of Income Tax Returns for 2020 reached 2.62 million on 28th February, 2021 as

PM lauds FBR for achieving seven-month revenue target

ISLAMABAD: Prime Minister Imran Khan commended the Federal Board of Revenue (FBR) on achieving seven-month revenue targets for the upcoming fiscal year and launching the Track and Trace System. “I commend FBR Field Formations on achieving 7-months revenue targets by

FBR to launch track and trace system in July

ISLAMABAD: The Federal Board of Revenue (FBR) has said the track and trace system would be rolled out from July 2021 and would help in enhancing revenue collection in the country. A meeting of the Senate Standing Committee on Finance,

FBR seeks budget proposals for next fiscal year

ISLAMABAD: The Federal Board of Revenue (FBR) has invited proposals from various stakeholders on Income Tax and Customs for consideration in the upcoming budget for the fiscal year 2021-22. “The Federal Board of Revenue is currently engaged in formulation of

FBR sends Atif Aslam a month notice to pay Rs 58 million tax

KARACHI: Singer Atif Aslam has been sent a tax notice worth 58 million by the Federal Board of Revenue (FBR) after the audit of his income for the year 2018. Atif Aslam has been given one month’s notice to pay the

FBR collects 99.7% tax revenue target for first six months of fiscal year

ISLAMABAD: Federal Board of Revenue (FBR) has achieved over 99 percent tax target for the first six months of the ongoing fiscal year 2020-21 and has collected net revenue of Rs 2,204 billion. According to details, the Federal Board of

FBR seized Rs542mn worth smuggled cigarettes between July-Nov

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified its operations against illicit and smuggled cigarettes across the country. “Tobacco sector is one of the leading sectors of revenue contribution and realizing this significance, FBR has instructed its field formations

Projects worth Rs157bn registered under PM’s construction package: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has said that 348 people have registered 389 projects with a total estimated cost of Rs157 billion so far under the Prime Minister’s construction package. The pace of registration is getting momentum as

FBR receives record taxes in five months

ISLAMABAD: The Federal Board of Revenue (FBR) has collected record taxes in July-November. According to a spokesperson of the Federal Board of Revenue (FBR), the body collected Rs. 1,686 billion in taxes during the five months from July to November,