KARACHI: The Finance Minister, Muhammad Aurangzeb, met with Sindh Chief Minister, Murad Ali Shah, at the CM House in Karachi on Saturday. During the meeting, Aurangzeb assured Shah that the …
FBR
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National
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Islamabad experiences a four-year delay as the Federal Board of Revenue establishes a July 1st deadline for integrating online professional services with the national tax system. On December 22, 2023, …
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ISLAMABAD: The Federal Bureau of Revenue (FBR) in Pakistan has mandated the installation of point of sales (POS) systems for smaller businesses by July 1, 2024, according to S.R.O. 428 …
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ISLAMABAD: Prime Minister Shehbaz Sharif has indicated that the new International Monetary Fund (IMF) program is likely to continue for three years, shedding light on the country’s economic trajectory. Speaking …
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National
Individuals who have not filed their taxes will be subject to extra charges when buying or selling plots of land
by Hamza Irshadby Hamza IrshadIslamabad: In an effort to integrate the real estate sector into the tax framework, the Federal Board of Revenue (FBR) has committed to imposing extra taxes on non-filers involved in …
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Others
The government has currently declined the mini-budget proposal, but this decision may change in the future
by Hamza Irshadby Hamza IrshadThe International Monetary Fund (IMF) urges the government to ensure this year’s anticipated primary surplus. In Washington, the lender requests the Federal Board of Revenue (FBR) to enhance tax collection …
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Latest Updates
FBR Imposes 25% Sales Tax on High-End Vehicles Exceeding Rs4 Million
by Hamza Irshadby Hamza IrshadThe recent decision by the Federal Board of Revenue (FBR) to impose a 25% sales tax on domestically manufactured or assembled cars exceeding an invoice price of Rs4 million has …
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In alignment with Prime Minister Shehbaz Sharif’s commitment to addressing financial challenges faced by exporters, the Federal Board of Revenue (FBR) has successfully cleared all pending tax refunds up to …
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National
Reforms approved by Caretaker Govt to be Implemented by Upcoming Administration: FBR Chairman
ISLAMABAD: The Federal Board of Revenue (FBR) Chairman, Amjed Zubair Tiwana, has confirmed that the caretaker government has approved reforms for the FBR. However, the implementation of these reforms is …
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Latest Updates
FBR Introduces Measures to Prevent Illegal Bank Account Attachments in New Recovery Procedure
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new recovery procedure for the Inland Revenue field formations to prevent the unlawful attachment of taxpayers’ bank accounts. In this …