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Restriction on non-filers: Country saves huge foreign exchange on import of...

KARACHI: The restriction imposed on non-filers to register imported cars resulted sharp decline of 42 percent in spending foreign exchange in importing vehicles during...

IR officers posting at tobacco processing factory for monitoring made mandatory

ISLAMABAD: Federal Board of Revenue (FBR) has made it mandatory for tax offices having jurisdiction to depute an officer of Inland Revenue at the...

FBR notifies up to 46pc increase in FED on cigarettes

ISLAMABAD: Federal Board of Revenue (FBR) has notified up to 46 percent increase in Federal Excise Duty (FED) on locally produced cigarettes as was...

National Tax Authority to replace FBR?

ISLAMABAD: Is the government is abolishing Federal Board of Revenue (FBR) and establishing a National Tax Authority (NTA)? This is million dollar question roaming...

Amendments to Finance Act 2018 ready to present before NA: sources

ISLAMABAD: The federal government is set to announce a mini budget for current fiscal year on Tuesday (September 18, 2019) in order to encounter...

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

ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified transfers and postings of BS-19-20 officers of Inland Revenue Service (IRS) with immediate effect until...

Withholding tax rate on non-cash banking transactions reduced to 0.4pc: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that the rate of withholding tax on non-cash banking transactions is reduced to 0.4 percent for...

FBR reduces penalty amount for defaulting withholding agents

ISLAMABAD: Federal Board of Revenue (FBR) has reduced amount of penalty on withholding agent failing to submit withholding statement as defined under income tax...

Tax officers barred from recovery on 10pc payment by taxpayers in...

ISLAMABAD: Federal Board of Revenue (FBR) has restrained tax officials from recovery in those cases where taxpayers paid 10 percent of outstanding amount and...

Final tax regime for stock brokers withdrawn

ISLAMABAD: The government has withdrawn Final Tax Regime (FTR) for stock brokers on commission earned upon sale and purchase of shares. Federal Board of Revenue...

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