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Tag: Federal Board of Revenue (FBR)

FBR tax collection clocks in at Rs1.84tr in 4 months

ISLAMABAD: The Federal Board of Revenue's (FBR) tax collection clocked in at Rs1,841 billion in the first four months of the ongoing fiscal year. According...

FBR slams ‘malicious’ social media campaign against lottery scheme tax

ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday denounced a "malicious disinformation campaign" being run on social media against the proposed Rs1 per...

FBR extends deadline for filing of income tax returns

Individuals and companies will now be allowed to file their income tax returns by December 8

Amid COVID-19, FBR achieves revised tax collection target for 2019-20

“Overall tax collection is Rs50 billion more than the estimated targets,” said the FBR spokesman.

FBR tax collection goes up by 7.7pc in 2019-20

The FBR said that it collected an amount of Rs 3,518 billion by the month of May this fiscal year in terms of taxes and duties.

14 FBR staffers test positive for coronavirus in Quetta    

It has been decided to conduct coronavirus testing of employees at the Large Taxpayer Unit in Karachi, said the FBR officials.

FBR to directly transfer tax refund to taxpayers’ bank accounts

The FBR has established a central system to transfer tax refunds directly to the taxpayers’ bank accounts, said the spokesman.

FBR extends sales tax, federal excise return filing date

The last date for payment of sales tax and federal excise duty was extended to April 27

Undeclared assets: FBR digs out benami properties worth over Rs62.36 bn

FBR identified as many as 752 beneficiaries of these properties

SC raises key questions in FBR data computerization case

During the proceedings, the chief justice asked as to why the FBR did not design software itself. "Why extremely sensitive data of the FBR handed over to a private company," the bench further asked.

Sindh govt warns to halt tax collection for Centre over FBR deductions   

Sindh government on Thursday expressed its resentment over deductions of eight billion rupees by Federal Board of Revenue (FBR) from the accounts of the provincial excise department.

FBR refutes statements on economic team-IMF talks, says process ongoing    

Federal Board of Revenue (FBR) spokesman on Wednesday denied giving any inputs to media regarding the ongoing talks between the government's economic team with the International Monetary Fund (IMF) delegation visiting Pakistan.

Govt mulls replacing ‘ailing’ FBR chairman: sources

FBR had earlier dismissed speculations of any rift in the economic team

Sales tax, federal excise return filing date extended

A notification has been issued in this regard

Tax offices to remain open till midnight for filing tax returns

Pakistan Tax Bar Association (PTBA) has urged the Chairman FBR to extend the date of filing of Income Tax returns for the year 2019 up to 31st December, 2019.

FBR to curb tax theft with expansion of Invoice Monitoring System

After a pilot project bring required results in Islamabad the invoice monitoring system will be expanded to the whole country, FBR sources said.

Govt releases tax refunds worth over Rs 23 billion

The government has decided to issue verified sales tax claims refunds of Rs22 billion and verified income tax refunds of Rs1.7 billion also been released, the FBR said.

Around 120 bln dollars illegally transferred to overseas: Shabbar Zaidi

Replying a question he said that the number of income tax filers has crossed the limit of 2.5 million.

FBR recovers 96 % of its tax collection target for July

According to FBR sources, the tax collection authority recovered 27 billion rupees more in July this year than the tax amount recovered in the first month of the previous fiscal year.

FBR to serve notices to owners of benami properties

FBR officials claimed that these people own palatial houses, precious properties and luxury vehicles. They travel foreign countries several times in a year.
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