LAHORE, Nov 18 (APP):The Federal Board of Revenue (FBR) has established 145 district tax offices across the country to increase the tax net. The newly established offices will work to bring 15 to 2 million new taxpayers into the tax-net by June 2024, helping the FBR increase the tax net and tax-to-GDP ratio to desired… Continue reading FBR sets up 145 district tax offices
Tag: Federal Board of Revenue
PM directs formulation of inclusive, comprehensive strategy to uplift FBR
ISLAMABAD, Nov 13 (APP): Caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday directed the authorities concerned to formulate and present a comprehensive strategy, based on input from all the stakeholders, with a view to improve the performance of the Federal Board of Revenue (FBR). The prime minister, chairing a meeting to mull over the measures for… Continue reading PM directs formulation of inclusive, comprehensive strategy to uplift FBR
Former Chairman of the Federal Board of Revenue (FBR) Syed Shabbar Zaidi addressing a seminar titled ‘The State of Pakistan’s Economy: What Next’ organized by the Pakistan Institute of International Affairs (PIIA)
APP43-150723 KARACHI: APP44-150723 KARACHI: July 15 – Prominent Economist Dr. Kaiser Bengali addressing a seminar titled ‘The State of Pakistan’s Economy: What Next’ organized by the Pakistan Institute of International Affairs (PIIA). APP/SDQ/ABB/FHA
NA committee recommends comprehensive super tax applicable to all entities, based on profits
NA committee recommends comprehensive super tax applicable to all entities, based on profits
Federal Finance Minister Senator Mohammad Ishaq Dar chairing a meeting on Revenue performance of Federal Board of Revenue at FBR HQs.
APP74-211222 ISLAMABAD:
Tax reforms to help bring Rs 20 trillion retail sector into tax net: Tarin
ISLAMABAD, Jan 10 (APP):Minister for Finance and Revenue Shaukat Tarin Monday said the reforms measures being taken by the incumbent government would help bring the whole retail sector worth Rs 20 trillion into the tax net. “The total sale of retail sector in the country is Rs 20 trillion, and Rs 16 trillion of it… Continue reading Tax reforms to help bring Rs 20 trillion retail sector into tax net: Tarin
FBR engages with youth through TACS to promote education about taxation
ISLAMABAD, Dec 23 (APP):The Federal Board of Revenue (FBR) has engaged with the youth on campus enrolled at various leading public and private universities by signing a Memorandum of Understanding (MoU) including Quaid-e-Azam University, Islamabad. In perpetuation of FBR outreach activities for promoting tax compliance and citizenship education, FBR has engaged with the youth on… Continue reading FBR engages with youth through TACS to promote education about taxation
Shafqat Mahmood advises FBR to implement initiatives for business ease
ISLAMABAD, Dec 01 (APP):Federal Minister for Education, Professional Training, National Heritage and Culture Shafqat Mahmood on Wednesday advised Federal Board of Revenue (FBR) to expedite implementation of the initiatives of ease of doing business and broadening of tax base. He was chairing a meeting of cabinet committee on institutional reforms(CCIR) at cabinet division. Establishment division… Continue reading Shafqat Mahmood advises FBR to implement initiatives for business ease
Revenues surpass target, grow by 36.5 pc to Rs2.314 trillion in 5 months
ISLAMABAD, Nov 30 (APP):The revenue collection by the Federal Board of Revenue (FBR) witnessed a considerable growth of 36.5 percent during the first five months of the current fiscal year as against the corresponding period of last year. The FBR collected net revenues of Rs. 2,314 billion during July-November 2021-22 as against the collection of… Continue reading Revenues surpass target, grow by 36.5 pc to Rs2.314 trillion in 5 months
Tarin for redoubling efforts to launch taxpayer outreach initiative
ISLAMABAD, Nov 29 (APP):Expressing his full support and confidence to the Federal Board of Revenue (FBR) team, Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin Monday advised it to redouble efforts for launching the taxpayer outreach initiative at the earliest to expand the existing tax base and boost the revenue collection. The… Continue reading Tarin for redoubling efforts to launch taxpayer outreach initiative
FBR extends warehousing period up to Nov 25
ISLAMABAD, Oct 29 (APP):Building further on its policy of ensuring ease of doing business, the federal government Friday provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses.Federal Board of Revenue through its notification issued here stated that… Continue reading FBR extends warehousing period up to Nov 25
Govt wants business community major partner : Tarin
KARACHI, Aug 20 (APP):Federal Minister for Finance Shaukat Tarin on Friday sought business community’s full cooperation for review new policies on trade, investment and other economic issues including restructure of Federal Board of Revenue. “Together with you, we PTI government will make Pakistan as an economic power. I assure you, you will be heard and… Continue reading Govt wants business community major partner : Tarin
FBR clarifies “proposed amendment in Finance Bill, 2021”
ISLAMABAD, Jun 20 (APP): 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 relevant section of the enforced… Continue reading FBR clarifies “proposed amendment in Finance Bill, 2021”
FBR constitutes committees to remove anomalies in finance bill- 2021
ISLAMABAD, Jun 18 (APP): Chairman, Federal Board of Revenue (FBR), Asim Ahmad Friday constituted anomaly committees (technical and business) in order to identify and remove the technical and legal anomalies in the Finance Bill 2021. The anomaly committee-technical would be chaired by Naeem Akhtar Sheikh, UHY Hassan Naeem and Co. whereas, the Co-Chairmen of the… Continue reading FBR constitutes committees to remove anomalies in finance bill- 2021
FBR clarifies taxation of salary income in budget proposals
ISLAMABAD, Jun 14 (APP): Federal Board of Revenue (FBR) has issued a clarification on a news story published in the daily Express Tribune, in its issue dated 14th June, 2021 regarding recent budget proposals on taxation of salary income. FBR has stated that the story contains some incorrect or misleading content; therefore FBR would like… Continue reading FBR clarifies taxation of salary income in budget proposals
FBR Introduces online electronic hearing of tax audits, assessments cases
ISLAMABAD, May 18 (APP):The Federal Board of Revenue (FBR) has Introduced online electronic hearing of tax audits and assessments cases. According to Press release issued here on Tuesday, the FBR has launched the software of electronic hearing of tax audit and assessment cases to facilitate the taxpayers. This has been done by enabling and functionalizing… Continue reading FBR Introduces online electronic hearing of tax audits, assessments cases
FBR finalizes evaluation of applications for Track & Trace System of specified goods
ISLAMABAD, Feb 2 (APP): The Federal Board of Revenue (FBR) has successfully completed the evaluation process for the grant of five-year license for an IT-based solution for electronic monitoring through Track and Trace System of specified goods including Tobacco, Cement, Sugar and Fertilizer. Initially 11 bids were received out of which 8 bids were technically… Continue reading FBR finalizes evaluation of applications for Track & Trace System of specified goods
FBR seeks budget proposals for FY2021-22
ISLAMABAD, Jan 15 (APP):The Federal Board of Revenue (FBR) Friday invited proposals from various stakeholders, on Income Tax and Customs, for consideration in the upcoming budget for the fiscal year 2021-22. “The Federal Board of Revenue is currently engaged in formulation of proposals for the Finance Bill 2021. In order to benefit from the collective… Continue reading FBR seeks budget proposals for FY2021-22
Hafeez chairs FBR Policy Board meeting, stresses for evaluating customs clearance time
ISLAMABAD, Dec 03 (APP):Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh Thursday stressed the need for evaluating the clearance time with reference to the regional trading partners in order to make the Federal Board of Revenue (FBR) more competitive. The adviser was chairing the fourth meeting of the FBR Policy… Continue reading Hafeez chairs FBR Policy Board meeting, stresses for evaluating customs clearance time
FBR develops E-Commerce Automated Clearance System
ISLAMABAD, Nov 13 (APP): The Pakistan Customs has developed an e-Commerce automated clearance facility in collaboration with Sate Bank of Pakistan (SBP), Ministry of Commerce and e-commerce operators. The facility would help promote Consumer e-Commerce exports, according to press statement issued by the Federal Board of Revenue (FBR) here on Friday. The new system would… Continue reading FBR develops E-Commerce Automated Clearance System
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