Islamabad, June 25, 2021 (PPI-OT):Federal Board of Revenue (FBR) has issued instructions to all the Field Offices to remain open and observe extended working hours till 12:00 midnight on 30th June, 2021(Wednesday) to facilitate the taxpayers’ in payment of duties and taxes. FBR has further instructed the Chief Commissioners (IR)

Islamabad, June 20, 2021 (PPI-OT):Federal Board of Revenue (FBR) has 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, “flour mills”

Islamabad, June 20, 2021 (PPI-OT):Federal Board of Revenue has issued a clarification on a news story appearing in Daily Times wrongly portraying that “a proposed amendment in the Finance Bill, 2021 makes it mandatory to make payment of total assessed demand for filing of first appeal.” FBR has explained the

Islamabad, June 19, 2021 (PPI-OT):Federal Board of Revenue’s Directorate General of Customs Post Clearance Audit has unearthed case of massive under invoicing and trade based money laundering on the case forwarded by Chief Collector of Customs Appraisement South Karachi. Divulging the details, the Press Release stated that an Importer based

Islamabad, June 16, 2021 (PPI-OT):In line with the vision of Prime Minister of Pakistan for promoting Taxation culture in the country, a special signing ceremony of Memorandum of Understanding (MoU) between Higher Education, Archives and Libraries Department, Government of KPK and Federal Board of Revenue (FBR) was held on Wednesday

Islamabad, June 16, 2021 (PPI-OT):Federal Board of Revenue (FBR) has issued a clarification on a news story published in the daily Express Tribune in its issue dated 16th June, 2021. The story conveys an impression of divergence of views between Federal Minister for Finance and Revenue and FBR Officers during