All pensioners’ income is exempt from tax: FBR

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ISLAMABAD: Federal Board of Revenue (FBR) has said that income of all pensioners is exempt from tax and same in case of pensioners of armed forces.

FDI rises by 57pc on heavy inflows from China

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KARACHI: Foreign Direct Investment (FDI) has increased by 57 percent during the first five months of current fiscal year due to heavy inflows from China.

FBR keen on finding new taxpayers: Haroon Akhtar

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ISLAMABAD: Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue on Friday said the government does not want to burden the existing taxpayers and the tax authorities are keen on finding new taxpayers.

FBR sends four senior IR officers to ATIR

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ISLAMABAD: Federal Board of Revenue (FBR) has directed four senior officers of Inland Revenue Service (IRS) to join Appellate Tribunal Inland Tribunal (ATIR) with immediate effect.

FBR issues list of 33 BS-19 customs officers for mandatory senior management course

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ISLAMABAD: Federal Board of Revenue (FBR) has issued a list of 33 BS-19 officials of Pakistan Customs Service (PCS) for the nomination to join mandatory 23rd Senior Management Course (SMC) to be started from February 26, 2018.

FBR notifies transfers/postings of senior customs officers

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ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfers and postings of officers of BS-18-20 of Pakistan Customs Service (PCS) with immediate effect under further orders.

Commerce ministry notifies drawback of local taxes and levies order for non-textile

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ISLAMABAD: The ministry of commerce on Thursday issued Local Taxes and Levies Drawback (Non-Textile), Order, 2017 to promote exports by providing incentives in the shape of rebates.

IMF welcomes exchange rate flexibility by SBP

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ISLAMABAD: International Monetary Fund (IMF) has welcomed exchange rate adjustment by State Bank of Pakistan (SBP) and said further exchange rate flexibility will be important in the period ahead.

KTBA urges FBR to extend return filing date up to Dec 31

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KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to further extend the last date for filing income tax returns up to December 31, 2017 which is expiring on December 15, 2017 for tax year 2017.

FBR allows sales tax de-registration of 31 customs agents

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KARACHI: Federal Board of Revenue (FBR) has allowed sales tax de-registration of 31 customs agents, who were blacklisted due to non-filing of mandatory monthly statement.