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Pakistani transport companies to obtain licenses for global transportation of goods FBR Application has to be made to Directorate General of Transit Trade of FBR through Transport Association ISLAMABAD  (  Web News  ) The Federal Board of Revenue (FBR) has decided to issue licenses to transport companies under the InternationalRead More →

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FBR and IMF could not agree on time frame to implement retail tax on retailers The new date of the retail and wholesale tax may be decided at the IMF Executive Board meeting in Washington on January 11. Islamabad (   Web  News   ) There is no agreement between the Federal BoardRead More →

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FBR’s decision to document purchase and sale of 7053 goods and services across the country Pakistan Revenue Automation Limited (PRAL) has issued a 215-page notification listing these goods and services. ISLAMABAD  (  Web  News  ) Federal Board of Revenue (FBR) has decided to documentation the purchase and sale of 7053Read More →

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FBR’s decision to introduce Customs Digital Management System in Pakistan, formation of working groups for preparation of amendments ISLAMABAD ( Web News ) Federal Board of Revenue (FBR) has decided to introduce customs digital management system instead of paperless import and export clearance system (VBOOK) in Pakistan. Working groups haveRead More →

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Meezan Bank Partners with Befiler to Provide Tax Facilitation Services for Freelancers KARACHI  ( Web News ) Meezan Bank, Pakistan’s leading Islamic bank, has recently formalized an agreement with Befiler to enhance the tax facilitation services available to freelancers. This collaboration aims to provide Meezan Freelancer Account holders, including thoseRead More →

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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 →

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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 →

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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 →

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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 →

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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 →

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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 →

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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 →