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Monthly Archives: November 2017

Filing date for tax return, wealth statement extended up to Dec 15

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns and wealth statement (tax year 2017) by salaried...

FBR collects Rs1,302bn in five months; receives 991,187 returns

ISLAMABAD: The revenue collected by Federal Board of Revenue (FBR) has increased by 19.55 percent to Rs1,302 billion during first five months (July –...

FBR re-instates two suspended customs officials

KARACHI: Federal Board of Revenue (FBR) has re-instated two customs officials with immediate effect. The officials were suspended since February 08, 2017. The FBR on...

PTBA wants return filing date extension up to Dec 20

KARACHI: Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to extend the last date for filing income tax returns...

LTUs, RTOs to observe extended working hours on Nov 30

ISLAMABAD: Federal Board of Revenue (FBR) has directed all Regional Tax Offices (RTOs) and Large Taxpayers Units (LTUs) to observe extended working hours on...

FBR notifies transfer/postings of IRS officers BS-19-20

ISLAMABAD: Federal Board of Revenue (FBR) has issued transfer/postings of Inland Revenue Officers (IRS) of BS-19-20 with immediate effect till further orders, notification issued...

Cell phone companies not paying taxes worth Rs400 billion annually

ISLAMABAD: National Accountability Bureau (NAB) has observed that mobile phone companies are allegedly evading taxes worth Rs400 billion every year. A statement issued by the...

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

KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday urged Federal Board of Revenue (FBR) to extend the last date for filing income tax return...

ECC agrees to imposing regulatory duty on LPG import

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the levy of regulatory duty on import of Liquefied Petroleum Gas (LPG). Prime Minister...

FBR notifies amendments to tax treatment on Bahbood Saving Certificate, Pensioner’s Benefit Account

ISLAMABAD: Federal Board of Revenue (FBR) has allowed exempt threshold on income derived under Bhabood Savings Certificates and Pensioner’s Benefit Account by disallowing Section...

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