Islamabad, August 09, 2021 (PPI-OT):As a part of awareness campaign under the directions of Director General Anti-Benami Initiative, Islamabad, the Commissioner Inland Revenue/Approving Authority, Anti-Benami Initiative, Zone-III, Karachi has conducted an online Zoom session to create awareness about Benami Law in Pakistan. The session was attended by members of Chambers

Islamabad, August 04, 2021 (PPI-OT):Federal Board of Revenue (FBR) in its drive to integrate Tier-1 Retailers across the country, has issued Sales Tax General Order No.1 of 2022 by which a system-based approach is being adopted to integrate non-Integrated Tier-1 Retailers with effect from 1st August, 2021. A List of

Islamabad, August 04, 2021 (PPI-OT):Federal Board of Revenue (FBR) has issued a clarification on a news story titled “1 pc advance tax pushes up drug prices significantly” appearing in Daily Business Recorder on 3rd August, 2021. FBR has termed the information contained in the news story baseless and misleading. The

Islamabad, August 02, 2021 (PPI-OT):Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the month of July, 2021. According to the provisional information, FBR has collected net revenue of Rs. 413 billion during July, 2021, which has exceeded the target of Rs.342 billion by Rs. 71

Islamabad, July 31, 2021 (PPI-OT):Chairman, Federal Board of Revenue Asim Ahmad met with President, Sarhad Chamber of Commerce and Industry Mr. Sherbaz Bilour here at FBR Headquarter. President, Sarhad Chamber of Commerce and Industry appreciated FBR’s initiatives for facilitating ease of doing business for the business community particularly with specific

Islamabad, July 28, 2021 (PPI-OT):FBR has launched single identifier number for all domestic taxes. Under this initiative a taxpayer can use all applications under the Income Tax, Sales Tax and Federal Excise duty by mere use of CNIC if a taxpayer is an individual. In case of partnership firms and

Islamabad, July 27, 2021 (PPI-OT):In order to rapidly increase tax revenues by adding new taxpayers via extensive and innovative use of technology, Federal Board of Revenue (FBR) has issued a Notification for the constitution of a Committee for Integration of Businesses which has been formed by Federal Minister for Finance

Islamabad, July 12, 2021 (PPI-OT):Federal Board of Revenue has issued draft Rules for new Export Facilitation Scheme 2021 and called for comments from industry, exporters and other stakeholders. New Export Facilitation Scheme has been approved by Federal Government and passed by Parliament under Finance Act 2021. This Scheme will be