Tax
SRB imposes fee for obtaining document of taxpayers
Sindh Revenue Board (SRB) has issued a notification, no. SRB-3-4/24/2023, on April 27, 2023, introducing a fee for obtaining attested documents relat…
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Tax
Over 30,000 return filers get active taxpayers status
The Federal Board of Revenue (FBR) has recently announced that more than 30,000 tax filers have been added to the Active Taxpayers List (ATL) on May …
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Tax
Tax Laws Allow Arrest Taxpayers in Pakistan for Default
Tax Laws Allow Arrest Taxpayers in Pakistan for Default In Pakistan, the Federal Board of Revenue (FBR) has the power to arrest taxpayers who defaul…
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Tax
FBR - Beware of Fraudulent Emails - Phishing Scams
Beware of Fraudulent Emails - Phishing Scams There are numerous attempts by individuals & groups to solicit personal information from unsuspect…
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Tax
FBR upgrades tax return filing portal
KARACHI: Federal Board of Revenue (FBR) upgrades its tax return filing portal IRIS system to improve its operation, enhance its security, and add a…
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Tax
Taxpayers’ information intact; database breach prevented
ISLAMABAD: The IT wing of the Federal Board of Revenue (FBR) has successfully secured the database of tax system in a cyber attack, which forced the…
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Tax
Return filing for tax year 2021 commences
ISLAMABAD: Unlike past practice of delayed opening of income return filing, the Federal Board of Revenue (FBR) has opened the IRIS portal for filing …
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Tax
Tax on property income should be made final
KARACHI: The Federal Board of Revenue (FBR) has been urged to rationalize rental income from property and individuals or Association of Persons (AOPs…
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Tax
SRB launches tax scheme for waiver of penalty, default surcharge
KARACHI: The Sindh Revenue Board (SRB) on Monday launched a scheme to exempt whole of the amount of penalty and default surcharge on payment of pri…
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Tax
FBR extends date for filing sales tax returns
ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing sales tax and federal excise return for the month of April 2021 up to…
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Tax
Withholding agents should be allowed filing separate statements for salary cases
KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to allow withholding agents to file separate statements for salary and other…
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Tax
Real estate remains top priority for documentation of economy
ISLAMABAD: Tax authorities have prioritized real estate sector for documentation of economy during next three years for increasing share of direct ta…
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Tax
FBR expands operations against Benami assets to four major cities
ISLAMABAD: Federal Board of Revenue (FBR) has decided to expand operations against Benami assets / properties in four major cities of the country, so…
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Tax
FBR urged to revise slabs for advance tax collection on motor cars
KARACHI: Federal Board of Revenue (FBR) has been urged to revise slabs of engine capacity of motor cars to give benefit to buyers in payment of withh…
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Tax
FBR issues alert against fake, harmful emails
ISLAMABAD: Federal Board of Revenue (FBR) has issued alerts against harmful and fake emails and warned general public to avoid providing their person…
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Tax
Karachi Tax Bar highlights issues in input tax adjustment on provincial invoices
KARACHI: Karachi Tax Bar Association (KTBA) on Wednesday wrote a letter to chairman of the Federal Board of Revenue (FBR) highlighting issues faced b…
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Tax
Major reforms in personal income tax likely in budget
ISLAMABAD: The tax authorities are working on major reforms in personal income tax to be introduced through budget 2021/2022. According to sources …
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