Tag Archives: FBR

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 of double benefit.

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.

Inland Revenue offices to remain open on April 28

ISLAMABAD: The offices of Inland Revenue will remain open on Saturday April 28 for collecting duty and taxes, said a notification issued by the Federal Board of Revenue (FBR) on Wednesday.

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 declare their genuine income.

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 in harassing taxpayers.

Rs80 billion tax relief for salaried persons in budget

ISLAMABAD: The government will announce a tax relief of Rs80 billion for salaried persons in budget 2018/2019.

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 measures taken in the last budget were resulted in decline of FED during first nine months of current fiscal year.

Empower ADRC to resolve disputes before finalization of assessment

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended that alternative dispute resolution committee (ADRC) should be made binding on the Federal Board of Revenue (FBR) in order to resolve disputes prior to finalization of assessment.

FPCCI recommends reduced corporate rate for SMEs

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested reduced corporate rate of 20 percent for small and medium enterprises (SMEs) in order to promote this sector.

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 of income tax return filers.