FBR

18th Amendment, 7th NFC sow seeds of perpetual fiscal imbalance

Next phase of refunds with claims of more than Rs1m on the cards

FBR records collection of Rs449 billion during July and August, growth healthy to meet 2017-18’s target

Four references being prepared against ex-ruling family and Ishaq Dar, says NAB chief

Will file petition in court if the matter is not resolved

Chairman says taxmen prematurely bluffed to show good performance before media

Law ministry backs FBR’s viewpoint that tax information cannot be shared with a Senate panel

Public exchequer will take a hit of about Rs850m per month due to delay

Say tax complaints are based on concocted information

Says revenue board took a hit of Rs169.7b

Withholding tax payments by Sindh, Punjab are reason for 26.5% year-on-year growth

Cites secrecy clause to avoid sharing vital details

Says expansion of tax net and structural reforms need attention

Officials failing to meet goals removed from positions

This year, Pakistan earned Rs 3,400 billion in tax revenues, amongst the lowest in the world

President Zubair Tufail has extended felicitation to Tariq Mahmood Pasha on his appointment as Chairman of the FBR

Newly appointed official faces many challenges including delivering on tax collection target for FY18

The finance minister had high expectations from the FBR despite tax concessions

Tax refunds of around Rs.300 billion are still withheld by the FBR

Top hierarchy at tax machinery refuses to take responsibility, says government gave ‘liberal tax concessions’

Budget deficit may also exceed 4.5% of Gross Domestic Product

A 20% duty has been imposed on all electronic products including air conditioners and fans

FBR not providing full details of ruling family’s wealth record, says JIT chief

Assures businessmen FBR will not pay surprise visits to their premises

Accounts of exporters who have filed appeals have also been frozen

FBR officials say plan is to bring Larkana, Khairpur and Shaheed Benazirabad under ambit of new regime

For Pakistan taxation has never been equitably levied since Independence

Wants to do away with the condition of keeping audit selection parameters secret

Profit or loss, tax rate could go up by 25% to 1.25% of revenue

Shifting of cases from FBR HQ to ‘inexperienced’ field formations raises eyebrows

Tax officers will first have to take approval of the FBR chief

Officials say Digital Links concealed its taxable supplies valuing Rs229.5m

Govt will not allow FBR to harass foreign investors, says planning minister

The dispute arose because of the PTV's contract with electricity distribution companies for collecting TV fees

More than tax and energy reforms, politicians and civil society of Pakistan need to demand are institutional reforms

Forum president says consultation with business community imperative for economic growth

Finance minister believes country’s GDP is understated by 25%, wants accurate study of economic output

Tax authorities have proposed to slap 10% sales tax on tea whitener from fiscal year 2017-18

The revenue body’s performance cannot be blamed on external factors

PM’s assistant cites limitations imposed by the law as reason

Say FBR has rolled back Refund Payment Orders to check authenticity of claims

FBR moves for a regulated charity sector to weed out extremism

Says harassment, intimidation of ginning industry should be halted

The meeting had been called to discuss budgetary proposals for the next fiscal year

FBR receives Rs1.91tr in Jul-Feb, just 7% higher than previous year

SC says everyone shifting their responsibility including the Sharif family and investigation bodies

FBR officials raid premises of MKB Pharmaceuticals Private Limited

Khan stressed that chambers and associations concerned must be taken into confidence

Irshad belongs to revenue service; hiring comes after a strike by tax officers

Changes come hours prior to a high-powered board meeting