Islamabad, July 09, 2021 (PPI-OT):As a sequel to E-Kachehries held on monthly basis to comply with the directions of the Prime Minister of Pakistan, Chairman Federal Board of Revenue (FBR)/Secretary Revenue Division, Asim Ahmad held an E-Kutchery at FBR HQ on Friday to listen to the complaints and issues of

Islamabad, July 08, 2021 (PPI-OT):Federal Board of Revenue (FBR) has constituted a committee of senior officers at Customs House, Karachi to formulate rules to implement section 156(1) of the Customs Act, 1969 as modified by the Federal Government vide Finance Act, 2021. The said provision of law prescribes certain penalties

Islamabad, July 01, 2021 (PPI-OT):Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the Fiscal Year 2020-21. According to the provisional information, FBR has collected net revenue of Rs. 4,732 billion during Jul-June period, which has exceeded the target of Rs.4, 691 billion by Rs. 41

Islamabad, July 01, 2021 (PPI-OT):Federal Board of Revenue (FBR) has uploaded the Income Tax Return Forms for Tax Year-2021. Separate Return Forms for Salaried, Association of Persons and Business Individuals have been uploaded. The Income Tax Returns can be filed through web portal and Tax Asaan application.   In a

Islamabad, July 01, 2021 (PPI-OT):Ambassador of UAE in Pakistan H.E. Hamad Obaid Ibrahim Al Zaabi called on Chairman FBR Asim Ahmad at FBR Headquarter. Matters of mutual concern pertaining to cooperation on customs and other inland taxes were discussed in the meeting. It was agreed in the meeting that relevant

Islamabad, June 30, 2021 (PPI-OT):In a drive against steel melters and re-rollers who are involved in massive evasion of Federal Excise Duty by way of suppression of actual production and supplies and suppression of actual value of supplies in violation of sub-section 5A of section 3 of Federal Excise Act,

Islamabad, June 28, 2021 (PPI-OT): In a drive against unregistered persons who are liable to be registered and are required to pay due sales tax on their taxable supplies under the Sales Tax Act, 1990, Federal Board of Revenue’s Directorate of Intelligence and Investigation-Inland Revenue, Multan has conducted proceedings under

Islamabad, June 26, 2021 (PPI-OT):Federal Board of Revenue (FBR) has once again clarified that the table prescribing tax rates for minimum tax on turnover basis has been substituted in the Finance Bill-2021 to provide relief to retailers of Fast Moving Consumer Goods (FMCG) including flour mills and refineries. The words,