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Tag: Budget Proposals 2018/2019

Limiting tax exemption proposed to check double benefit

ISLAMABAD: Federal Board of Revenue (FBR) has been recommended to limit exemption under income tax laws in order to put a check upon claim...

FBR may introduce taxpayers’ card for reducing refunds

ISLAMABAD: Federal Board of Revenue (FBR) may introduce taxpayers’ smart card for broadening of tax base and reduction of refunds. Sources in FBR said that...

FBR urged to rationalize tax on rental income

KARACHI: The Federal Board of Revenue (FBR) has been urged to rationalize tax on rental income from property and investors should be encouraged to...

Harsh action recommended against officials harassing taxpayers

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended harsh action against officials of Federal Board of Revenue (FBR) found involved...

Massive increase in FED on cigarettes on the cards

ISLAMABAD: Federal Board of Revenue (FBR) is considering a massive increase in federal excise duty on sales of cigarettes in the budget 2018/2019 as...

FBR urged to reduce capital gain tax to 10pc for filers

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce capital gain tax on securities to 10 percent from 15 percent in case...

Turnover tax should be made zero percent for textile sector

KARACHI: All Pakistan Textile Mills Association (APTMA) has recommended Federal Board of Revenue (FBR) to make turnover tax at zero percent for textile sector...

FBR recommended to ensure no recovery without prior notice

KARACHI: Textile industry has recommended the Federal Board of Revenue (FBR) to ensure that no recovery through attachment of banks should be made without...

FBR advised to tax income not transactions

KARACHI: All Pakistan Textile Mills Association (APTMA) has advised Federal Board of Revenue (FBR) to focus on taxing income rather transactions. The textile association in...

FBR miserably fails in increasing return filers despite higher withholding tax...

KARACHI: The existing NTN holders in Pakistan are over 4 million but Federal Board of Revenue (FBR) has miserably failed to increase the number...

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