The Federal Board of Revenue (FBR) has announced an intensified initiative against non-filers of income tax, notifying the International Monetary Fund (IMF) of the proposed plan. In addition to sending notices, the FBR plans to implement various administrative measures and has compiled data on ...

Karachi: The Federal Board of Revenue (FBR) has announced that it will not extend the deadline for the collection of income tax returns. According to the details, the last date for collecting income tax returns is October 31. The FBR authorities have stated that there will be no further extension ...

The interim Prime Minister has granted a 140 percent executive allowance to officers in grade 17 or higher within the Federal Board of Revenue.Following a recommendation from the Finance division, the Prime Minister has given approval to a proposal addressing the rationalization of allowances for ...

In Islamabad, the Federal Board of Revenue (FBR) is exploring various options for implementing a fixed tax system for the country's 3.6 million retailers based on the size of their shops. This fixed tax would range from Rs1,000 to Rs5,000 per month. The FBR has devised a plan to discontinue the ...

The largest 'trade-based' money laundering and under-invoicing scandal in Pakistan has been exposed by the Federal Board of Revenue (FBR). Following an extensive investigation by auditors, the FBR initiated a case against two companies in Peshawar, uncovering a massive money laundering ...

A meeting was held under the supervision of the Caretaker Finance Minister, Dr. Shamsad Akhtar, to discuss the country's economic situation. The Chairman of the Federal Board of Revenue (FBR) provided a briefing to the Treasury with board members. According to sources, the Chairman of the FBR ...

Islamabad: Today is the last day to submit income tax returns at the tax offices, according to the spokesperson of the Federal Board of Revenue (FBR). Those unable to submit their returns can request an extension of fifteen days. According to details, the last date for filing income tax returns ...

The International Monetary Fund (IMF) has expressed satisfaction with the performance of the Federal Board of Revenue (FBR). According to sources from the Ministry of Finance, an online meeting took place between the IMF and FBR, during which Pakistan assured the IMF that the government would ...

In the initial 28 days of September 2023, the Federal Board of Revenue (FBR) provisionally gathered more than Rs 815 billion, surpassing the monthly goal of Rs 795 billion by Rs 20 billion. The FBR has achieved its revenue target for September 2023 within this time frame, with expectations of ...

The Federal Board of Revenue (FBR) has made a firm decision regarding the deadline for tax return submissions. While they have firmly decided not to extend the current deadline, they have introduced a provision for potential extensions if individuals make prior applications to the ...