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FBR makes important announcement for income tax filers penalties
18 Jan, 2021
KARACHI – The Federal Board of Revenue (FBR) has decided that late filers for income tax returns would not be penalised due to technical and non-technical reasons, The News reported on Sunday. Although no one has been penalised yet, but a penalty for late filing has been under discussion for a ...
FBR issues new rules for the declarations of the Amnesty Scheme 2019
22 Dec, 2020
The Federal Board of Revenue (FBR) will not initiate proceedings against the legally valid declarations of amnesty scheme of 2019 under the Foreign Exchange Regulation Act, 1947, Protection of Economic Reforms Act,1992, and the Anti-Money Laundering Act, 2010 or any rules, notifications or ...
FBR reveals the criteria for the filing of the Income tax returns
5 Dec, 2019
ISLAMABAD - Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi said that every person owning a car above 1000 cc and a house measuring 500 square yards or above is required to file tax returns. “FBR reiterates that every person owning a car above 1000 cc and a house measuring 500 sq. ...
FBR Chairman reveals the important criteria for filing of income tax returns, checkout whether you are included
3 Dec, 2019
Islamabad: FBR Chairman reveals the important criteria for filing of income tax returns, checkout whether you are included in it.Federal Board of Revenue (FBR) chairman Shabbar Zaidi said it was mandatory for those owning car above 1000cc and house measuring 500 sq. yards to file tax returns. He ...
FBR clarifies media reports regarding non filers
12 Jun, 2019
ISLAMABAD - Federal Board of Revenue (FBR) clarifies media reports regarding non filers. FBR has strongly refuted the news appearing in some sections of the press which states that the new finance bill has allowed the non-filers to purchase immovable property or cars. “The actual position is ...
FBR refutes news saying new Finance Bill allowed non-filers to purchase immovable property
12 Jun, 2019
Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of press which states that the new Finance Bill has allowed the non-filers to purchase immovable property or cars. In a clarification statement on Tuesday night, it said the actual position is that the whole ...
Federal government gives a blow to the salaried class
11 Jun, 2019
ISLAMABAD - *Federal government gives a blow to the salaried class in the federal budget 2019-20.* The minimum taxable income was reviewed and set at Rs0.6 million and Rs0.4 million per annum for the salaried and non-salaried people, respectively, said State Minister for Revenue Hammad Azhar ...
Huge revenue target: PTI government mulls multiple new taxes
29 May, 2019
ISLAMABAD - In bid to accumulate revenue amounting to Rs 5500 billion in the upcoming budget, the government is mulling over abolishing zero-rating regime for five export-oriented sectors and bringing income of distributors and dealers into the tax net. An estimate by Federal Board of Revenue ...
Government servants likely to get an unwarranted blow in the Mini Budget
18 Jan, 2019
ISLAMABAD - Pakistan Tehreek-i-Insaf (PTI) federal government is considering a rollback of the income tax relief given to the salaried class by the previous government. In its last budget shortly before general elections in July 2018, the Pakistan Muslim League-Nawaz (PML-N) government had ...
FBR cracksdown against richest tax evaders of Pakistan
25 Dec, 2018
ISLAMABAD - The Federal Board of Revenue (FBR) has started crackdown against the richest tax evaders of Pakistan. As per media report, FBR has started a crackdown against 167 affluent people residing in Islamabad, Faisalabad, Gujranwala, Abbotabad, Lahore, Karachi and Hyderabad who have evaded ...
