Tag Archives: FBR

Tax Year 2017 return filing sharply increases by 111.55pc: FBR

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ISLAMABAD: The income tax return filing for tax year sharply increased by 111.55 percent up to October 18, 2017 as compared with the same date of last year, Federal Board of Revenue (FBR) said on Friday.

FBR says levy of duties aimed at reducing import bill

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ISLAMABAD: Federal Board of Revenue (FBR) has said that the purpose of recently-levied duties is to reduce the import bill, provide enabling atmosphere for competition to local manufacturers and further economic growth of the country.

Cosmetic items attract 50pc regulatory duty

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ISLAMABAD: The government imposed 50 percent regulatory duty on import of cosmetic items under SRO 1035(I)/2017 dated October 16, 2017.

FBR directed to remove tax anomaly in Behbood Certificates, Pensioners Benefits Accounts

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ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has directed Federal Board of Revenue (FBR) to remove anomaly in tax treatment of Behbood Certificates and Pensioners Benefits Accounts.

SME, export sectors exempted from regulatory duty

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ISLAMABAD: Federal Board of Revenue (FBR) has said that Small and Medium Enterprises (SMEs) and export oriented units are exempted from paying regulatory duty levied through SRO 1035(I)/2017 on import of raw material and machinery.

FBR allows zero-rated furnace oil, diesel purchase to textile unit

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed zero rated supply of 3,400 metric tons furnace oil and 5,000 liters diesel oil on monthly basis to a textile unit.

Rate of regulatory duty on import of vehicles under SRO 1035

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed regulatory duty up to 80 percent on import of vehicles under SRO 1035(I)/2017 issued on Tuesday.

PTBA demands tax relief for senior citizens on Bahbood Certificates, Pensioners Benefit Account

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KARACHI: Pakistan Tax Bar Association (PTBA) has demanded the Federal Board of Revenue (FBR) of bringing Bahbood Certificate/Pensioners Benefit Account under normal tax regime for providing tax relief to senior citizens.

FBR notifies transfers, postings of 42 IRS officers

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ISLAMABAD: Federal Board of Revenue (FBR) on Monday announced transfers and postings of 42 Inland Revenue Officers (IRS) of BS-17-20 with immediate effect under further orders.

Income tax returns filing grows by 117.2 percent; FBR receives 352,000 returns for tax year 2017

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ISLAMABAD: Federal Board of Revenue (FBR) has said that the income tax return filing for tax year 2017 has registered 117.2 percent growth to 352,000 returns by October 13, 2017 as compared with 162,000 returns filed on the same day of the last year.