FBR successfully surpasses revenue target for the month of July-2023 As against set target of Rs. 534 biln, net revenue of Rs. 538 biln has been collected, despite issuance of refunds amounting to Rs. 49 biln ISLAMABAD ( Web News ) Amid all the economic challenges faced by the country,Read More →

FBR so far collected an amount of Rs7 trillion: Ishaq Dar Says figures will further go up till June 30 ISLAMABAD ( Web News ) Finance Minister Muhammad Ishaq Dar on Tuesday revealed that the Federal Board of Revenue (FBR) has so far collected an amount of Rs.7 trillion, theRead More →

ISLAMABAD ( Web News ) In an unethical move, the Federal Board of Revenue (FBR) has notified new rules to divert taxes and fees for the distribution of allowances among its officers including the chairman and other personal benefits of officers belonging to the Inland Revenue Service (IRS) Shehbaz RanaRead More →

Top priority areas of Govt were to combat smuggling of goods, vehicles, currency & mis-invoicing: Chairman FBR Asim Ahmad ISLAMABAD ( Web News ) Asim Ahmad, Chairman, Federal Board of Revenue (FBR) addressed the inaugural session of the quarterly coordination and performance review conference of the Regional Directors of theRead More →

President Alvi rejects 30 representations, directs FBR to undo unjust taxation ISLAMABAD ( Web News ) President Dr. Arif Alvi has rejected 30 identical representations filed by the Federal Board of Revenue (FBR) against the decision of the Federal Tax Ombudsman and directed FBR to stop charging excessive tax deductionsRead More →

Federal excise duty chargeable on club, business & first class int’l air tickets: FBR ISLAMABAD ( Web News ) Federal Board of Revenue(FBR) has stated that federal excise duty is chargeable on club, business and first class international air tickets under Section 3 of the Federal Excise Act, 2005. Furthermore,Read More →

ISLAMABAD ( Web News ) President Dr Arif Alvi Monday directed the Federal Board of Revenue (FBR) to bring into the tax net the unregistered wholesalers, dealers or distributors of sugar to broaden the tax base. He observed that despite making huge monetary transactions and the availability of their dataRead More →

Tax reforms to help bring Rs 20 trillion retail sector into tax net: Tarin ISLAMABAD ( Web News ) Minister for Finance and Revenue Shaukat Tarin Monday said the reforms measures being taken by the incumbent government would help bring the whole retail sector worth Rs 20 trillion into theRead More →

There is a need to popularize culture of tax payment in country: President Alvi ISLAMABAD ( Web News ) The Rawalpindi Chamber of Commerce and Industry (RCCI) in collaboration with the Federal Board of Revenue (FBR) organized an awards ceremony in recognition of the taxpayers. The purpose of the eventRead More →

Telenor Pakistan recognised as one of the largest taxpayer ISLAMABAD ( Web News ) Telenor Pakistan has been recognised as one of the largest taxpayer at the first Taxpayers Recognition Award Ceremony in the esteemed presence of the Honourable President of Pakistan Dr. Arif Alvi as Chief Guest. The awardRead More →

ISLAMABAD ( Web News ) The Federal Board of Revenue (FBR) has started registration of brand names, which is mandatory for manufacturers to sell their products. The FBR on Tuesday issued Sales Tax General Order (STGO) No. 07 of 2021 for licensing of brand name under Section 40E of Sales Tax Act, 1990 for specified sectors.Read More →

ISLAMABAD ( STAFF REPORT ) Jazz is contesting FBR’s Rs 25 billion disputed tax demand before the Honorable Islamabad High Court. Jazz strongly believes that the aforesaid assessment and order of the Appellate Tribunal is based on incorrect interpretation. As per the court’s latest order, the stay has been grantedRead More →