FBR

Collects Rs20b more than target on back of higher collection of indirect taxes

Member says budget will end excessive taxation, slash compliance cost

Government allocates Rs2,687 per case to defend Rs1.8tr under litigation

No country in the world progresses where a large number of people accept a corrupt system, says Imran Khan

ICCI says tough laws discourage potential taxpayers from entering tax net

Authority has launched new automated system with effect from January

Collects close to Rs2.2 trillion against target of Rs2.21 trillion

Asks FPSC to fill revenue boards 750 vacant posts at the earliest

At least 425,000 taxpayers have sought extension in filing the returns

FBR given Jan 28 deadline to collect arrears

The decision was reserved by a six-judge larger bench of the SC, headed by Justice Umar Ata Bandial

Scores of non-resident Pakistanis accidentally become residents due to travel curbs

Managing a growth of 25% in revenue collection is no mean feat

Official says additional duty imposed to promote local production of medical equipment

Authority has been unable to settle 310,000 tax audit cases pending for 3-6 years

Achievement seen due to better performance of Pakistan Customs

Govt fully cognizant of smuggling issue

Respectively describe majority verdict as ‘anomalous’; reference as based on ‘mala fide of facts’

Says FBR imposing fines on retailers for not installing Point of Sales system

Says amount may further increase by up to Rs8b after payments from banks

Petitioners sought time for further preparation, modification of petition

Decision comes on back of slow progress on govt’s $400m venture to reform taxes

A seven-judge larger bench of the apex court, headed by Justice Umar Ata Bandial will take up the case

Stresses need for formulating proposal for liaison between NADRA, FBR

Chairman CBR Farhat Ali Mir meets Ghani at FBR secretariat in Islamabad to discuss taxation related matters

Revenue board working on new digital system for refunds

Gives tax concessions to retailers in return for business documentation

Upgraded system will ensure no refund claim remains stuck

Business body says responsibility should rest with SBP for reducing complaints

Main challenges are to become bridge between FBR and Q Block, enhance revenues

Harassment Traders call for end to FBR notices

Taxpayers urged to file returns on time

Monthly collection and filing of tax returns remain low

Sarina Isa requests taxman to withdraw September 14 notice imposing Rs35 million tax penalty

DNFBPs required to keep all data of buyers making purchases of Rs2m

Lack of data has made the investigation very difficult for Federal Board of Revenue

FBR could only collect Rs175 from upscale markets in Clifton Block 5

Compromising with traders, hopes Zaidi would reform FBR did not bear fruit

Says appellants are apparently conducting themselves in an illegal manner

Directory for tax year 2018 shows 45 parliamentarians didn’t even submit returns to FBR

Karachi pays the most tax among cities of Pakistan

A formal agreement between FBR and the Punjab Excise Department will be signed at a ceremony in Lahore

FBR policy board discusses proposal to carve new legal structure

Federal Board of Revenue offers simple one-page income tax return form after failure of amnesty scheme

FBR also makes details of cars public

Tax details break myth that manufacturing sector contributes more than its size

The bench suspended the notification until the next hearing of the case

Cargo held up at ports and roads due to administrative hiccups, mismanagement

On average, a salaried individual paid Rs114,000 while a businessman paid Rs131,000 in taxes in FY18

Watchdog is investigating vehicles purchased under different names to mask real beneficiary