Tag Archives: Tax Year 2015

Active Taxpayers List-2015 remains below one million

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KARACHI: The total number of income tax return filers remained below one million during Tax Year 2015 despite hectic efforts of the Federal Board of Revenue (FBR) to attract taxpayers through amnesty scheme and by enhancing withholding tax rates for non-filers.

Procedure for availing VTCS by income tax return filers

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KARACHI: The Federal Board of Revenue (FBR) on Tuesday issued procedure for taxpayers already filed income tax return for tax year 2014 or filed return for tax year during past ten years. The FBR said that taxpayers already filed tax return can avail Voluntary Tax Compliance Scheme (VTCS) by paying 25 percent additional tax amount of paid amount for tax year 2014.

FBR issues simple return form; taxpayers non-compliant for 10 years can avail opportunity

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KARACHI: The Federal Board of Revenue (FBR) has issued simple return form for traders to fulfil their liabilities for tax year 2015 under voluntary tax compliance scheme (VTCS). The form only those taxpayers who have not filed return for the last ten years.

Date for filing annual return for tax year 2015 extended up to November 30: sources

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KARACHI: The date for filing the income tax return for tax year 2015 has been further extended by one month up to November 30, 2015 for salaried persons and others, reliable sources said on Saturday.

FBR may again extend last date for filing annual income tax return

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KARACHI: The Federal Board of Revenue (FBR) may again extend the last date for filing annual income tax returns for another 15 days or more, which is expiring on October 31, 2015.

Tax Year 2015: tax slab on salaried person to be applied after totaling all source of income

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KARACHI: The tax slab on salaried person will be applied on the aggregate income or after calculating all source of income instead the income withheld by employer of one place.

FBR notifies date extension for filing income tax return for Tax Year 2015

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KARACHI: The Federal Board of Revenue (FBR) on Wednesday notified the decision taken by the Economic Coordination Committee (ECC) of the Cabinet to extend the last date for filing of income tax return and statement for tax year 2015.

Tax Year 2015: FBR introduces online registration for individuals to file income tax return

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KARACHI: After severe criticism over the flaws in online system, the Pakistan Revenue Automation (Pvt) Limited (PRAL) has introduced online registration for individual for filing income tax return (Tax Year 2015). The online registration has been meant for individuals get registered without going any tax office of the Federal Board of Revenue (FBR).

Annual income above Rs500 million liable to pay super tax in Tax Year 2015: FBR issues draft rules

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KARACHI: The Federal Board of Revenue (FBR) on Wednesday issued draft rules to implement the levy of super tax that was announced by the finance minister in his budget 2015/2016 speech for rehabilitation of temporary displaced persons.

Tax Year 2015: Final wealth statement form / statement of asset and liabilities under SRO 877

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KARACHI: The Federal Board of Revenue (FBR) has issued final form for wealth statement / statement of asset and liabilities for Tax Year 2015. The form finalized and implemented under SRO 877(I)/2015 dated September 01, 2015 by amending Income Tax Rules, 2002.