FBR

Changes come hours prior to a high-powered board meeting

According to sources, there is a big discrepancy between Imran Khan’s declared income, assets and money paid in...

FBR receives Rs1.7tr in Jul-Jan against target of Rs1.83tr

Chambers keen on bringing govt to negotiating table to find solution

Last year, the FBR had withdrawn Rs4 billion from the Sindh government's account

Power utility had failed to realise taxes from steel melters, re-rollers and composite units

Aims to simplify procedures and remove anomalies

Additionally, FBR did not levy minimum income tax in hundreds of cases

Highly understaffed audit wing, challenges in courts among problems

Committee gave the proposals for rationalising the taxation structure

The FBR has invited budget proposals in a format

Authorities suspect company was evading taxes

Market activity came to an abrupt halt after levy of higher taxes

Says a general tax amnesty scheme should be extended especially to the industrial sector

May include non-resident Pakistanis in definition of citizens

Requests govt to urgently clear Rs175b in power sector dues, blames finance ministry for unpaid amount

Chamber officials say industry can create jobs, promote exports and increase tax revenue

Says department concerned about progress as revenues depend on it

Rejects SBP’s assertion that Centre has no power to seize Benami assets

The system collapsed on the last date as it could not bear the massive load of a large number of taxpayers

Suspects tax evasion; inspectors will monitor production and inventory levels

Latest move is short-term one to appease  real estate sector

Officials are keen on opening new vistas for mutual cooperation

He said that the trade deficit with China has swelled to $12 billion

Terms it attempt to harass tax payers, calls for exemption after audit for 3 years.

FBR provisionally collects Rs1.067tr during July-November, filers of income tax returns also fall 38%

Cash-flow crunch has brought the industry to the brink of disaster

Sector's bubble needed to be given a reality check

Documentary evidence will prove charges against Sharif family: Imran

Tax authority submits reply before top court

Scheme, if cleared by parliament, will whiten an estimated Rs7 trillion of black money

LHC grants stay against application of FBR-determined property valuations

It presumed liability of Rs2.9b by assessing company’s turnover at Rs12.1b

ABAD had proposed to the federal government to add a fixed tax regime for the construction industry

ATIR judgment says demand raised in ‘indecent haste and with a pre-determined mind’

Say plan cannot help authorities to bring real estate sector under tax net

Upcoming retirement and infighting to blame for low performance

So far, FBR has served tax notices to about 336 people named in Panama Papers - none have been prosecuted till date

SECP chief voices hope bill will be tabled in parliament for approval by year-end

PML-N, PTI submit terms of reference in SC today

Extension also given to file income tax returns after only 317,000 people completed duty

Law, however, allows taxmen to seek information about accountholders

It would now be submitted in NA for voting

Ministry, however, lacks expertise in processing such claims

Move makes it unlikely FBR will collect Rs110b it needs to achieve its monthly target

Payment made to banks to compensate for taking advance tax to inflate revenue

Only the Federal Board of Revenue (FBR) had the authority to recover the disputed arrears

Says federal govt ought to provide same concessions as those to CPEC projects

Tax machinery faces task of collecting Rs960b in three months to meet target

Administrators had termed newly-notified rates as being too high