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Yearly Archives: 2017

FBR collects Rs1,722 billion in first half; hopes to achieve full year target

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs1,722 billion during the first half of the current fiscal year, posting 17.46 percent growth when...

FBR issues notification to extend application of 0.4pc on non-filers

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification to implement 0.4 percent withholding tax applicable on non-filers of income tax returns on non-cash...

Commerce ministry invites suggestions on next 5-year trade policy

ISLAMABAD: The commerce ministry has asked stakeholders to provide their suggestions by January 10, 2018 for formulation of next five-year strategic trade policy framework...

Withholding tax at 0.4pc on non-filers extended up to June 30

ISLAMABAD: The government has allowed extension the applicability of reduced withholding tax rate at 0.4 percent on non-cash transactions made by non-filers of income...

PTBA demands extension in corporate return filing up to March 27

KARACHI: Pakistan Tax Bar Association (PTBA) has demanded extension in last date for filing income tax returns by companies to March 27, 2018 from...

FBR headquarters to remain open on Dec 30

ISLAMABAD: Federal Board of Revenue (FBR) will observe Saturday, December 30, 2017 as normal working day for monitoring the collection of duty and taxes. According...

Hotels, restaurants below turnover Rs4 million exempted from sales tax on services

KARACHI: The sales tax on services at 13 percent is exempted on hotels and restaurants whose annual turnover should not exceed Rs4 million. According to...

FBR starts crackdown against 10,000 non-filers in property, education and service sector

ISLAMABAD: Federal Board of Revenue (FBR) will issue 10,000 notices next month to non-filers of income next as first phase of the drive against...

FBR compiles list of non-filer civil servants of BS-17 and above

ISLAMABAD: Federal Board of Revenue (FBR) is compiling list of all government officials having taxable income to issue notices for non-filing of income tax...

Efforts to be made to lower tax rates: Miftah Ismail

ISLAMABAD: Dr. Miftah Ismail on Wednesday assumed responsibilities as Adviser to Prime Minister on Finance, Economic Affairs and Revenue and said endeavors would be...

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