A group Photograph of Commissioner Income Tax Dr. Saqib Ahmed Khan, Addition Commissioner Income Tax Madam Farzana Gohar Ali eve on the Farewell ceremony on retirement of AC Safdar Saleem

APP28-071122 SIALKOT: November 07 - A group Photograph of Commissioner Income Tax Dr. Saqib Ahmed Khan, Addition Commissioner Income Tax Madam Farzana Gohar Ali eve on the Farewell ceremony on retirement of AC Safdar Saleem . APP/MUT/TZD/FHA
APP28-071122 SIALKOT

PM announces 10% ‘Super tax’ on industries, up to 4% on high-income individuals

ISLAMABAD, Jun 24 (APP): Prime Minister Shehbaz Sharif on Friday announced to impose a 10 percent ‘Super Tax’ on over 12 large industries and also on affluent persons with more than Rs 150 million annual income with a rate up to four percent.  Addressing the members of his economic team, he said the imposed taxes… Continue reading PM announces 10% ‘Super tax’ on industries, up to 4% on high-income individuals

FBR all set to achieve revenue collection target of Rs4767bn

ISLAMABAD, April 22 (APP): The Federal Board of Revenue (FBR) is all set to achieve the revised tax collection target of Rs4,767 billion during the current fiscal year (2020-21) as it had already collected Rs3,390 billion during the first three quarters. The International Monetary Fund (IMF) had agreed to downward revise the tax collection target… Continue reading FBR all set to achieve revenue collection target of Rs4767bn

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

1.768 mln filed ITRs by Dec 8, 2020: FBR

ISLAMABAD, Jan 4 (APP):The Federal Board of Revenue (FBR) on Monday said 1.768 million taxpayers had filed their Income Tax Returns (ITRs) before the deadline of December 8, 2020 while the tax received by the FBR stood at Rs 22 billion by that date. Filing of Income Tax Returns (ITRs) has improved significantly during tax… Continue reading 1.768 mln filed ITRs by Dec 8, 2020: FBR

FBR issues instructions to facilitate granting of extensions in filing of IT Returns

ISLAMABAD, Dec 7 (APP):The Federal Board of Revenue (FBR) Monday clarified that no further general extension in date would be granted to file annual Income Tax Returns after last date December 08. While clarifying its earlier circular issued on December 4th and upon requests received from Pakistan Tax Bar, various Chambers of Commerce and Industry,… Continue reading FBR issues instructions to facilitate granting of extensions in filing of IT Returns

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