Category Archives: Inland Revenue

FBR assigns jurisdictions for cases of automatic exchange of information

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ISLAMABAD: The chief commissioners of six tax offices have been assigned jurisdiction over automatic exchange of information and perform all administrative functions and coordination with Federal Board of Revenue (FBR).

Tax officers making efforts to achieve revenue target: Dr. Irshad

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ISLAMABAD: Dr. Muhammad Irshad, Chairman, Federal Board of Revenue (FBR) has said that the revenue body is making efforts with full vigor to achieve revenue collection target of Rs3621 billion for current fiscal year.

Inland Revenue offices to remain open on April 29 for revenue collection

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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday directed all field offices of Inland Revenue to observe Saturday, April 29, 2017 as normal working day for collection of duty and taxes.

FBR allows income tax exemption to foreign banks

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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday allowed income tax exemption on profit gained by foreign financial institutions against lending to the government of Pakistan.

Pakistan, Bulgaria sign avoidance of double taxation treaty

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ISLAMABAD: Pakistan and Bulgaria on Wednesday signed an agreement for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income after the conclusion of second round of negotiations.

Integrated portal of company, tax registration becomes functional

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ISLAMABAD: An integrated platform for company and tax registration with Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) has become functional, said a statement on Tuesday.

Real estate dealers, financial sector are major risks for money laundering: FBR

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ISLAMABAD: Directorate of Intelligence and Investigation (I&I) of Inland Revenue, Federal Board of Revenue (FBR) has identified real estate dealers as major risk for money laundering in Pakistan.

FBR chairman motivates officers for achieving collection target; stresses on recovery, auction of confiscated goods

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ISLAMABAD: Dr. Muhammad Irshad, Chairman, Federal Board of Revenue (FBR), has asked the officers of Inland Revenue and Pakistan Customs to prove their professional capacity in achieving revenue collection target.

Budget Proposals 2017/2018: online access to bank accounts should be restricted to unregistered persons

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KARACHI: Federal Board of Revenue (FBR) has been urged to amend laws regarding online access to records of bank account holders and it should be restricted to unregistered persons.

Budget Proposals 2017/2018: FED on soft drinks should reduced to 9pc

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KARACHI: Federal Board of Revenue (FBR) has been urged that Federal Excise Duty (FED) on soft drinks should be reduced to 9 percent from present 11.5 percent.