KARACHI: Tax collection from non-cash banking transactions surged 103 percent in April 2021 largely on account of a massive decline in the number of...
KARACHI: A three-tier system to collect federal excise duty on production and supply of tobacco products has been finalised for reintroduction...
KARACHI: Tax collection on payment to non-residents surged by 66 percent during the first nine months 2020/21 due to the measures taken by the tax...
The logo of Federal Board of Revenue .KARACHI: The Federal Board of Revenue is considering withdrawing exemptions and concessions granted in case...
The sources said various tax rates are under consideration to boost the salary income tax collection from existing Rs129 billion to Rs305 billion
KARACHI: The Federal Board of Revenue has refused to write off tax liabilities of Pakistan International Airlines and reconciliation is a...
KARACHI: The government has finalised a medium-term budget strategy paper to reduce number of withholding taxes and slash tax slabs for individual...
KARACHI: The Federal Board of Revenue has allowed reduced rate of withholding tax at 0.25 percent for dealers of fertilisers who have sales tax...
KARACHI: The federal government has documented Rs60 billion worth of bearer bonds valuing Rs25,000 each in three months to comply with one of the...
KARACHI: Import volume of duty-free goods increased to Rs2.6 trillion during the tax year 2020 compared with Rs2.44 trillion in the preceding tax...
KARACHI: The Federal Board of Revenue is waiting for a judgment of the appellate tribunal for the tax recovery of around Rs1.6 billion from a...
KARACHI: To broaden the tax base, the Federal Tax Ombudsman recommended cash back incentives for those filing their annual income tax returns,...
KARACHI: The government has empowered the Federal Board of Revenue to conduct audits of exporters of information technology and IT-enabled...
KARACHI: The Federal Board of Revenue has introduced different reduced rates of penalty on filing of income tax returns after due date, sources...
KARACHI: The Federal Board of Revenue will withdraw income tax exemptions granted to individuals and companies to increase revenues, sources said...
KARACHI: The Federal Board of Revenue has decided to include unique customs tariff codes of goods in sales tax returns form to curb fake refund...
KARACHI: The Federal Board of Revenue has included at least 260,000 late filers of returns for the tax year 2020 into the active taxpayers list in...
KARACHI: The Federal Board of Revenue has opposed extending tax concessions for setting up new industrial units beyond June 30 after identifying...
KARACHI: Collection of withholding tax on registration and transfer of motor vehicles surged 177 percent during eight months this fiscal, an upshot...
KARACHI: The government has decided to withdraw various income tax exemptions through a presidential ordinance instead of presenting a bill in the...
