Tag Archives: Federal Board of Revenue

Non-filers can avoid automatic selection of audit by paying 25pc higher tax than preceding year

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ISLAMABAD: The taxpayers, who have failed to file income tax returns by December 15, 2017, can avoid automatic selection for audit by paying 25 percent higher tax as compared to paid in preceding year, within 90 days of expiry of last date.

2.4 million taxpayers automatically selected for audit

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ISLAMABAD: About 2.4 million taxpayers have been selected for audit, who have obtained National Tax Number (NTN) but failed to file income tax return for tax year 2017.

All pensioners’ income is exempt from tax: FBR

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ISLAMABAD: Federal Board of Revenue (FBR) has said that income of all pensioners is exempt from tax and same in case of pensioners of armed forces.

FBR keen on finding new taxpayers: Haroon Akhtar

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ISLAMABAD: Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue on Friday said the government does not want to burden the existing taxpayers and the tax authorities are keen on finding new taxpayers.

FBR sends four senior IR officers to ATIR

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ISLAMABAD: Federal Board of Revenue (FBR) has directed four senior officers of Inland Revenue Service (IRS) to join Appellate Tribunal Inland Tribunal (ATIR) with immediate effect.

FBR issues list of 33 BS-19 customs officers for mandatory senior management course

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ISLAMABAD: Federal Board of Revenue (FBR) has issued a list of 33 BS-19 officials of Pakistan Customs Service (PCS) for the nomination to join mandatory 23rd Senior Management Course (SMC) to be started from February 26, 2018.

KTBA urges FBR to extend return filing date up to Dec 31

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KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to further extend the last date for filing income tax returns up to December 31, 2017 which is expiring on December 15, 2017 for tax year 2017.

FBR allows sales tax de-registration of 31 customs agents

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KARACHI: Federal Board of Revenue (FBR) has allowed sales tax de-registration of 31 customs agents, who were blacklisted due to non-filing of mandatory monthly statement.

FBR allows extension in period for repayment of sales tax paid on steel products

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed additional period of two months for repayment of sales tax paid on steel products.

Appraising officers, valuation officers directed to clear deficient ACRs for promotion

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ISLAMABAD: Federal Board of Revenue (FBR) has directed appraising officers and valuation officers to clear their deficient ACR’s for promotion consideration in the upcoming departmental promotion committee.