The Pakistan Business Council (PBC) has urgently called upon interim Finance Minister Dr. Shamshad Akhtar to address a significant revenue shortfall amounting to approximately Rs. 1 trillion due to the issue of under-invoicing in imports. This matter has been brought to the forefront by the PBC, ...

On Thursday, the Federal Board of Revenue (FBR) made a significant breakthrough in uncovering tax evasion amounting to a staggering Rs95 million. This impressive achievement was realized through a well-executed operation conducted by the intelligence wing of the Inland Revenue department, according ...

The informer or whistleblower registered with the Federal Board of Revenue (FBR) would be entitled to a reward at the rate of 20 percent up to a maximum of Rs. 5 million of the evaded amount of tax involved in a single case. The FBR Friday issued the new Inland Revenue Reward Rules 2021 for ...

KARACHI – The Federal Board of Revenue (FBR) has tightened the noose around singer Atif Aslam, according to reports in local media. Following an audit, the Dunya TV reported citing its sources, the FBR imposed a tax of Rs 58 million on the 37-year-old singer. Aslam has been given one month to ...

ISLAMABAD - In a first, Federal Board of Revenue cracksdown against the top fashion designers over massive tax evasion. The Federal Board of Revenue (FBR) has found massive tax evasion by fashion designers. According to the available documents, this was revealed while surveying for new ...

ISLAMABAD - The Federal Board of Revenue (FBR) unearths tax evasions worth billions of rupees in Lahore and Karachi. FBR has unearthed sales tax evasion of Rs. 18 billion by a corporate taxpayer during the last five years, reported a local media house. link According to the report, the Large ...

ISLAMABAD - FBR has planned major changes in tax laws to prosecute high-net-worth individuals (non-filers) and initiate criminal proceedings against tax evaders in cases where the tax evasion exceeds Rs. 10 million, reports a local newspaper. The sources quoted by the report said that the ...

*ISLAMABAD: **FBR Chairman Shabbar Zaidi targets big private hospitals and clinics in latest tax evasion campaign across the country.* *Chairman Federal Board of Revenue Shabbar Zaidi has said that the FBR to install Point of Sales invoicing system in all big private hospitals and medical ...

*KARACHI: **ARY Communications responds over misleading media reports of alleged Rs 992 million tax evasion.* *ARY Communications Limited has clarified a news item published by various media groups about tax evasion and Federal Board of Revenue’s (FBR) demand of Rs992million from the ...

ISLAMABAD: Top Pakistani TV Channel ARY Communications receives FBR Notice over alleged tax evasion of Rs 1 billion. The Federal Board of Revenue (FBR) has served a notice on ARY Communications Limited (ARY) and raised a tax demand of Rs992 million – alleging that the entity had evaded tens of ...