Over Rs30.72m tax recovered during drive

KARACHI, Mar 11 (APP):The Sindh Excise and Taxation Department during its ongoing road checking campaign collected over Rs30.75 million tax from defaulting vehicle owners. The road checking campaign began on February 19 and continued till March 07. A total of 37097 vehicles were checked during the campaign including  8390 in Karachi, 10479 Hyderabad, 4246 Sukkur,… Continue reading Over Rs30.72m tax recovered during drive

Probationary officers of 51st Common training program visit FBR

ISLAMABAD, Jan 31 (APP):The probationary officers of the 51st Common Training Programme (CTP) visited the Federal Board of Revenue headquarters on Wednesday as part of their pre-service training activities. The batch comprised 236 officers including 92 female officers. Upon arrival, the probationers were received warmly by officers of FBR and escorted to the auditorium for… Continue reading Probationary officers of 51st Common training program visit FBR

Federal Cabinet gives nod to restructuring, digitization of FBR

ISLAMABAD, Jan 30 (APP): The Federal Cabinet, in a meeting, on Tuesday approved restructuring and digitization of the Federal Board of Revenue (FBR), on the recommendations of the Revenue Division. The approval was accorded in a meeting chaired by Caretaker Prime Minister Anwaar-ul-Haq Kakar. The meeting was apprised of the recommendations of an inter-ministerial committee… Continue reading Federal Cabinet gives nod to restructuring, digitization of FBR

NADRA Chairman asks business community to cooperate in tax broadening

ISLAMABAD, Jan 18 (APP):Chairman National Registration and Database Authority (NADRA) Lt. Gen. Muhammad Munir Afsar here on Monday said that his organization and FBR are in collaboration to expand the tax base and register new taxpayers to improve the tax revenue of the country. Talking to a delegation of the Islamabad Chamber of Commerce and… Continue reading NADRA Chairman asks business community to cooperate in tax broadening

FTO resolves 8,128 tax-related complaints in 2023: Ombudsman briefs President Alvi

ISLAMABAD, Jan 10 (APP):President Dr Arif Alvi on Wednesday visited the Federal Tax Ombudsman office where he was informed that the institution resolved 8,128 complaints against the maladministration of tax and customs authorities during the year 2023 as compared to 6,106 complaints in 2022. During the briefing to the president, Federal Tax Ombudsman (FTO), Dr… Continue reading FTO resolves 8,128 tax-related complaints in 2023: Ombudsman briefs President Alvi

KTH chief calls for exploiting all resources to attract FDI

LAHORE, Jan 03 (APP):Coordinator to Minister of State and Federal Tax Ombudsman and Kyrgyzstan Trade House (KTH) Chairman Meher Kashif Younis said on Wednesday the government should fully exploit an ideal geographical location of the country, which has abundance of natural and human resources, to attract foreign direct investment (FDI) and boost exports to deal… Continue reading KTH chief calls for exploiting all resources to attract FDI

PRA seals office of Talal International for non-payment of tax

RAWALPINDI, Nov 23 (APP):Punjab Revenue Authority (PRA) here on Thursday sealed the office of Talal International/Manpower Recruitment Agent for non-payment of tax amounting to Rs 3 million. According to details, a PRA team conducted a raid on Talal International/Manpower Recruitment Agent located on Shamsabad Murree Road which was a tax defaulter of Rs 3 million.… Continue reading PRA seals office of Talal International for non-payment of tax

Cabinet approves levy of 40 % tax on banks’ windfall profit earned during 2021-22

ISLAMABAD, Nov 15 (APP):The Federal Cabinet in its meeting chaired by Caretaker Prime Minister Anwaar-ul-Haq on Wednesday, accorded approval, upon the recommendation of Federal Board of Revenue (FBR), to impose 40 percent tax on windfall profit earned by banks on the foreign exchange transactions during the years 2021 and 2022. The Finance Act, 2023 introduced… Continue reading Cabinet approves levy of 40 % tax on banks’ windfall profit earned during 2021-22

Efforts on to broaden tax base: Chief Commissioner IR

FAISALABAD, Sep 27 (APP):Chief Commissioner Inland Revenue (IR) FBR Faisalabad Zubair Bilal said on Wednesday the FBR had expedited efforts to broaden tax base by utilizing data of 30 major departments and banks. Addressing a meeting of business community in Faisalabad Chamber of Commerce & Industry (FCCI), he said that in the first phase, notices… Continue reading Efforts on to broaden tax base: Chief Commissioner IR

Govt to widen tax net, stemming leakages in tax collection instead imposing new taxation: Ahsan Iqbal

ISLAMABAD, Jun 10 (APP):Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said the government has initiated measures to widen the tax net and stem leakages in tax collection instead of imposing new taxation in the budget. Talking to a private TV channel, he said the government has enhanced Balochistan’s share in Public Sector Development… Continue reading Govt to widen tax net, stemming leakages in tax collection instead imposing new taxation: Ahsan Iqbal

PM directs for track, trace system in cigarette manufacturing units within two weeks

ISLAMABAD, April 4 (APP): Prime Minister Muhammad Shehbaz Sharif on Tuesday directed for installation of trace and track system in all the cigarette manufacturing units of the country within next two weeks to control tax evasion. The prime minister also directed for installation of automatic track and trace system in all the big sectors of… Continue reading PM directs for track, trace system in cigarette manufacturing units within two weeks

Gov’t keeps petroleum prices unchanged, extends tax returns’ date

ISLAMABAD, Oct 31 (APP):The government has decided to keep the prices of petroleum products unchanged for first half of November 2022 besides extending the last date for filing of tax returns. Briefing media here, Minister for Finance Senator Ishaq Dar also announced the government’s decision to increase the threshold of letters of credits (LCs) payments… Continue reading Gov’t keeps petroleum prices unchanged, extends tax returns’ date

President calls for documentation of businesses for levying just, fair taxes

ISLAMABAD, Sep 13 (APP):President Dr Arif Alvi has called upon the chambers of commerce and industry to motivate and convince their members to fully document their businesses for bringing transparency in the business inputs and outputs which would lead to levying of just and fair taxes. This, he said, would increase the tax base and… Continue reading President calls for documentation of businesses for levying just, fair taxes

Tax evaders in various industries not to be spared: Khawaja Asif

ISLAMABAD, Jun 24 (APP): Minister for Defence Khawaja Muhammad Asif on Friday said there was dire need to improve the tax culture in the country and those industrialists involved in evasion should not be spared. Speaking here at the National Assembly, the minister said that tax culture would have to be improved in various industries… Continue reading Tax evaders in various industries not to be spared: Khawaja Asif

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