KARACHI: The Federal Board of Revenue (FBR) said on Friday there will be no further extension in the deadline for filing of income tax returns for the tax year 2019. It said the Active Taxpayer list of 2018 would be replaced by the list of 2019 at midnight on Feb 29. Those who failed to file ...

ISLAMABAD - The federal board of revenue had been alleged by the US authorities for using a pirated version of a software designated as Vmware. FBR is also advised to switch to a licensed version as soon as possible. The software is currently being used as Web-based One Customs or WeBOC ...

ISLAMABAD: Federal Board of Revenue (FBR) makes historic achievement under PTI government. For the tax year 2018, FBR had received 2.7m returns — the highest number in FBR’s history. The Federal Board of Revenue (FBR) has received nearly 40 per cent more income tax returns for the tax year ...

ISLAMABAD - The United States has accused the Federal Board of Revenue (FBR) of pirating software that belongs to the US. According to a report by a local English newspaper link, this issue was raised by the Principal Deputy Assistant Secretary of State for South and Central Asian Affairs, Alice ...

ISLAMABAD - The Federal Board of Revenue (FBR) has launched a crackdown against the traders involved in the sale of counterfeit cigarettes. It was revealed that it has also started a countrywide awareness campaign among the traders to avert them from selling non-duty paid items. The FBR’s ...

*ISLAMABAD - The Federal Board of Revenue (FBR) has reduced tax revenue targets for the ongoing fiscal year by a massive Rs 265 billion.* As per details, the tax receipts target has been set at Rs 5238 billion, down from Rs 5503 billion. The first-half target is set at Rs 2198 billion, a decrease ...

LAHORE: Federal Bureau of Revenue (FBR) on Friday launched crackdown against benami (undeclared) properties and vehicles in Punjab province. According to the tax collection authority, a benami property is one which is a subject matter of benami transaction and includes proceeds from such ...

KARACHI: Federal Board of Revenue rings alarm bells over huge cash withdrawal from banks. Banks have agreed to share details of their account holders with tax authorities in a deal inked this week to check suspected undocumented money in the banking channels. An agreement was reached in a ...

The Federal Board of Revenue has clarified that no sales tax has been imposed on wheat flour in any form i.e. aata, maida or suji. According to the sales tax circular issued by the FBR, it is further elaborated that serial number 19 of the Table-1 of Sixth Schedule to the Sales Tax Act, 1990, has ...

*ISLAMABAD - The Federal Board of Revenue has transferred more than 2,500 officers in a major reshuffle notified on Saturday.* It is reportedly a move to increase revenue collection and side-line corrupt officers. According to a notification, the FBR in a grand scale shakeup has decided to ...