Category Archives: Inland Revenue

Non-filer gas stations to pay 6pc withholding tax

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KARACHI: Federal Board of Revenue (FBR) has said that non-filer CNG stations to pay 6 percent withholding income tax while paying gas consumption bill.

Internal Audit cannot issues notices directly to taxpayers: KTBA

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KARACHI: Karachi Tax Bar Association (KTBA) has said that Directorate General of Internal Audit cannot directly ask taxpayers to provide information and the same can only be asked from the concerned officers holding jurisdiction.

FBR issues return forms tax year 2017 for individuals, AOPs

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ISLAMABAD: Federal Board of Revenue (FBR) has issued return forms tax year 2017 for individuals and Association of Persons (AOPs). The FBR in this regard issued SRO 819(I)/2017 on Thursday making it mandatory for salaried class and other taxpayers to make compliance on the due date.

Almost all refunds transferred to taxpayers’ bank account: FBR

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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said that almost all the refund amount recently announced by the finance minister has been credited to taxpayers’ bank account.

FBR promotes 57 IRS officers to BS-19

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ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified promotions of 57 officers of Inland Revenue Service (IRS) from BS-18 to BS-19 on regular basis in their group with immediate effect.

FBR notifies withholding tax rates for goods transports vehicles

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KARACHI: Federal Board of Revenue (FBR) has notified different withholding tax rates for goods transport vehicles to be paid by filers and non-filers of income tax return.

IR senior officer awarded ‘removal from service’ for corruption

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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday imposed major penalty upon Muhammad Mustafa Kamal, BS-19 officer of Inland Revenue Service, presently posted as Additional Commissioner-IR, Regional Tax Office III, Karachi on the charges of inefficiency, misconduct and corruption.

Cabinet ratifies agreement between Pakistan, Hong Kong for avoidance of double taxation

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ISLAMABAD: The federal cabinet has ratified agreement between Pakistan and Hong Kong – Special Administrative Region of the People’s Republic of China – for the avoidance of double taxation and the prevention of fiscal evasion with respect of taxes on Income.

FBR issue advisory against fake e-mails asking for taxpayers bank account details

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ISLAMABAD: Federal Board of Revenue (FBR) has advised taxpayers for not sharing their bank account details and password to any email sent from a fake FBR email address.

KTBA objects to draft income tax return

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KARACHI: Karachi Tax Bar Association (KTBA) has informed the tax authorities that without knowing the changes made to draft income tax return for tax year 2017 it will not able to send feedback.