Tag Archives: non-filer
KARACHI: Federal Board of Revenue (FBR) has initiated imposing fine and penalties against persons for not filing annual income tax return and wealth statement. The non-compliance may lead to two year imprisonment, FBR sources said.
ISLAMABAD: Federal Board of Revenue (FBR) has exempted the withholding tax on premium payment by non-filers against insurance of agriculture products.
KARACHI: The Federal Board of Revenue (FBR) has amended rules for issuing notices to persons fail in filing annual income tax return and as per the amended rules a commissioner of Inland Revenue is empowered to make a provisional assessment of taxable income of persons in default.
KARACHI: A non-filer of income tax return will pay 17.5 percent as withholding tax on receipt of profit above Rs500,000 on national saving schemes.