FBR

Summons interim ministers of law, finance to justify new legislation

Differences between FBR chairman, finance minister over restructuring tax machinery persist

SIFC asks taxmen to conduct audit of urea companies, dealers

Short-term borrowing made to repay financing acquired in past

Majority of revenue comes from cash withdrawals and electricity use

Sources say finance minister was warned twice of resentment among field offices

Workers contribute more than exporters at Rs158b, marking 38% increase

KSE-100 index rises 2,064 points, or 3.3% WoW, settles at 64,514.90

Announces special bonus for them for collecting taxes in excess during Oct to Dec period

Also approves fixed income tax scheme for retailers, slated to launch in five major cities across country

Karachi tax office receives Rs1.2tr in Jul-Dec, despite adverse business climate

Large-scale smuggling of foreign cigarettes causing revenue loss

Expenses fuelled by interest costs, other spending

FBR collects Rs4.44tr, disconnects services for non-filers to expand tax base

PTBA says FBR system sending notices to deceased individuals, defunct companies

FBR proposes new rules to increase revenue collection, promote documentation

Five commercial banks accused of playing role in Rs70b worth of money laundering

Defends exclusive mandate on tax policy formulation

Kakar reiterates govt commitment to ensure conducive environment for trade and investment

FBR receives complaints of importers abusing the Open Account facility

Hyderabad traders welcome Summit Bank’s transition to Shariah-compliant bank

Tax collection target for next fiscal may be set at Rs11tr on IMF's demand

Thousands of FBR employees believe that they are off hook and have exhibited defiance in filing their returns

Amasses nearly Rs3.5tr, on track to achieve goal set by IMF

Hundreds of FBR employees failed to file tax returns, wealth statements

Revenue body says decision does not preclude pursuit of 'recovery proceedings'

Taxman takes action in view of non-payment Rs55b federal excise duty

Suspends windfall tax decision, questions legality, powers of interim setup

FBR reveals two firms, with support from banks, funnelled funds abroad

Seeks exemption from duties, taxes on goods donated to G-B Police

Calls for waiver of late-filing penalties attributed to this system error

District offices set up with powers to cut off utility connections of non-filers

Customs will be separated from revenue collection role; notification expected next week

Finance minister expresses dissatisfaction on Rs9.4tr collection, terms it low

Decides to ensure registration of at least 1m non-filers of tax returns

Committee constituted to create single portal

Notes that grade-1 to grade-16 employees of taxman already receive performance allowance

The FBR maintained that the tax collection target in Sept was Rs799 billion, but it collected Rs834 billion

Leasing firms refuse to work with institutions in CCC credit-rated countries

Same tax on sale or transfer of immovable property withdrawn in Punjab

Senior bureaucrat assigned additional charge of secretary Revenue Division

National flag carrier’s accounts were frozen over non-payment of dues

FBR delegates functions of customs officers to LEAs, PMSA and PCG for one year

Five dozen govt departments, organisations receiving higher-than-standard salaries

Proposed policy allows foreigners to bring their vehicles with them for a period of three months

FBR seeks explanation for not reporting assets held in Houston

FBR will collect tax from DISCOs on actual amount received from consumers

Says every exporter is being served 10 notices

FBR faces tough task of collecting Rs560b in one week to meet revenue target

Misses World Bank target to increase revenues to 17% of the economy’s size