Taxpayers not getting exemption certificates
KARACHI: Taxpayers are facing severe in respect of the Tax Year 2017 i.e year ending June 30, 2017. Karachi Tax Bar Association in a letter to chief commissioners of Regional…
Govt asks RTOs to collect data of fair market prices of land Reports regarding fair prices to be submitted till July 25
KARACHI: The federal government through their high officials of Federal Board of Revenue (FBR) has directed to Regional Tax Officers (RTOs) in all mega cities of the country to collect…
FBR starts implementing new tax collection system
KARACHI: The Federal Board of Revenue (FBR) has started implementing new Hybird tax collection system to enhance speedy tax collection from July 1, 2016 throughout the country in place of…
MCC Appraisement East asks banks to provide 3-month statement of several bank accounts
KARACHI: Pakistan Customs has warned several banks for suspected contravening the provisions of law. An official said they had information that several banks even after receiving the attachment notices issued…
Exemption allowed to growers of agricultural produce
KARACHI: The Federal Board of Revenue (FBR) has notified special exemption allowed to growers of agricultural produce. Representatives of flour mills and trade bodies have raised the issue of income…
FBR advises I&I-IR to furnish details of politicians, doctors, sportsmen, fashion designers
KARACHI: The Federal Board of Revenue (FBR), accelerating the drive against big fishes, asked all directors of Intelligence & Investigation- In land Revenue (I&I-IR) to furnish the updated information of…
IRS demands 184 vehicles in meeting with Standing Committee of National Assembly
KARACHI: In a bid to accelerate the rate of tax recovery, the Federal Board of Revenue (FBR)’s wing Inland Revenue Service (IRS) has demanded 184 vehicles, sources informed Custom News.…
RTO-III identifies thirty ghost employees
KARACHI: The sub-division of Inland Revenue Service (IRS), Regional Tax Office (RTO-III), Karachi has identified thirty ghost employees while all concerned zonal officers are requested to trace them by Chief…
FBR Chairman inaugurates LTU-II
KARACHI: Federal Board of Revenue (FBR) Chairman Nisar Mohammad Khan has inaugurated Large Taxpayers Unit-II here on Tuesday. In order to cater higher tax collection in country, the FBR expanded…
FBR in full gear to make Voluntary Tax Compliance Scheme a success
KARACHI: Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan on Tuesday inaugurated a control room-cum-operational room in the FBR Headquarters to coordinate activities in FBR’s field formations…
Rules drafted for selection and conduct of income tax audit
KARACHI: The Federal Board of Revenue has (FBR) has notified draft procedures for selection of conduct of income tax audit. According to the proposed amendments in the Income Tax Rules,…