Tag Archives: Federal Board of Revenue

FBR, SBP formally launch online payment for duty and taxes


ISLAMABAD: State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) on Tuesday formally launched online payment system for duty and taxes.

FBR collection target may be missed by Rs55bn in current fiscal year


ISLAMABAD: Federal Board of Revenue (FBR) may face shortfall of Rs55 billion in revenue collection target of Rs4,013 billion set for the current fiscal year.

FBR asks BS-16 MIS officers to submit performance reports for promotion


ISLAMABAD: Federal Board of Revenue (FBR) has directed officers of BS-16 Management Information Service (MIS) to submit their performance evaluation reports (PERs) of past five years for consideration of promotion to next scale BS-17 Assistant Director (MIS).

FBR notifies transfers, postings of senior IRS officers


ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and postings of senior officers of Inland Revenue Service (IRS) with immediate effect under further orders.

Chambers’ convention demands withdrawal of discretionary powers of tax officials in budget 2018/2019


KARACHI: A convention of chambers of commerce and industry and trade associations has demanded Federal Board of Revenue (FBR) of withdrawing discretionary powers given to tax officials during the past five years.

FBR loses one million return filers in one decade: FPCCI


KARACHI: Federal Board of Revenue (FBR) has lost one million return filers during the last one decade despite increasing the rates of withholding tax to burden the non-filers, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said in its proposals for budget 2018/2019.

Govt. willing to adjust high tax rates: Haroon Akhtar


ISLAMABAD: Haroon Akhtar, Special Assistant to Prime Minister on Revenue, on Wednesday said the government is ready to review and adjust high taxation rates in case they are causing impediment to growth of any sector or industry.

SECP, FBR jointly launch one-window facility for company, NTN registration


ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) on Wednesday jointly launched one-window facility for registration of company and National Tax Number (NTN) as a part of ease of doing business.

FBR allows sales tax zero-rate supply of furnace, diesel oil to M/s. Tata Textile Mills


ISLAMABAD: Federal Board of Revenue (FBR) has allowed zero rated sales tax supply of 900 metric tons of furnace and 20,000 liters of diesel oil on monthly basis to Tata Textile Mills Limited, a registered taxpayer based in Karachi.

Habibullah Khan posted as Member IR Operations


ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday transferred and posted Habibullah Khan (BS-21) officer of Inland Revenue Service as Member (Inland Revenue Operations).