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FBR allows provisional release of textile machinery at zero-rate

KARACHI: Federal Board of Revenue (FBR) has granted provisional release of textile machinery at zero-rate sales tax at customs stage in order to provide...

AML, FATF issue placed on top agenda in today’s cabinet meeting

ISLAMABAD: The caretaker cabinet has placed Anti Money laundering (AML) and Financial Task Force (FATF) issue in nine-point agenda on top of the meeting...

FBR warns of severe punishment for tax evasion

ISLAMABAD: Federal Board of Revenue (FBR) has warned of severe penal action against tax evasion after expiration of tax amnesty scheme. Member Taxpayer Audit FBR...

UK tax authorities share information of Pakistanis

ISLAMABAD: The UK tax authorities have exchanged information of Pakistanis having immovable properties with Federal Board of Revenue (FBR) under international treaty. The information has...

Tax concession to salary class may be withdrawn

KARACHI: Tax concession concessions given to salary persons in the recent budget may be withdrawn by the elected government owing to extreme fiscal conditions. Through...

Amnesty declarants can claim refunds for excess payments: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has allowed refund against erroneously payment made to avail Tax Amnesty Scheme 2018. The FBR said that the Foreign...

CRTO Karachi constitutes teams for amnesty scheme facilitation

KARACHI: Corporate Regional Tax Office (CRTO) Karachi has constituted teams for facilitation of persons in availing amnesty for undisclosed domestic and foreign assets. The Chief...

Steel melters allowed sales tax adjustment on import of iron, steel...

ISLAMABAD: Federal Board of Revenue (FBR) has allowed adjustment of sales tax paid on customs clearance of remeltable iron and steel scrap. In a Sales...

FBR issues draft income tax return, wealth statement forms for tax...

ISLAMABAD: Federal Board of Revenue (FBR) on Friday unveiled draft of income and wealth declaration form tax year 2018 for individual and Association of...

Pak Rangers, security forces given powers of Customs officials till June...

KARACHI: Federal Board of Revenue (FBR) has granted permission to Pakistan Rangers and other security forces for exercise function of customs officials till June...

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