Islamabad, Oct 1: FBR Tax Collection Shortfall of Rs. 101 Billion in FY25 Q1 The Federal Board of Revenue (FBR) has collected Rs. 2,438 billion against a target of Rs. …
FBR
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Business
A Step-by-Step Approach How to Use IRIS for Easy Tax Filing
by Hamza Irshadby Hamza IrshadIslamabad, Oct 1: Tax season can be overwhelming, but the Integrated Revenue Information System (IRIS) makes filing your taxes a simple process. Here’s a step-by-step guide to using IRIS for …
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National
Finance Minister Assures Sindh Chief Minister of Addressing At-Source Deduction Issue and Gas Price Hike Concerns
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 …
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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 …