Federal Board of Revenue

Govt took four months to issue a simple notification that would allow FBR officials to look into foreign accounts

Investors await clarity on revised rates of land to be announced by FBR

Aims to improve facilities at international airports that will attract tourism and investment

Committee will be constituted to resolve problems of businessmen

Only 130,000 or so people availed the scheme and paid just Rs60 billion in taxes

Cement industry contributed Rs110 billion to the national exchequer in the last fiscal year

He was of the view that tax return filing was the responsibility of every citizen to ensure growth

Centre seeks help of provinces to broaden tax net

Efforts should be made to minimise suffering for NRPs who provide remittances

Taxes on industry, services and agriculture sectors to be brought at par with their share in GDP

Lament sales tax refunds are not being released timely

Reduces tax liability on inter-corporate dividends by amending Section 103C of IT Ord

Local traders say investors are shying away

Businessmen concerned as charges go up to Rs500 per goods declaration

Allows investors to legalise tax-evaded money at just 4% of property value

Will launch crackdown against people who have undeclared assets on July 1

Recommends fixing of exchange rate at Rs151 to a dollar, interest rate at 9%

Less than 250 people have so far opted for the scheme by paying around Rs450m

In a letter to foreign office, envoy in Beijing asks govt to build interdepartmental relations

Sends summary to government for clearance of over 1,000 refurbished cars

Could also increase tax on interest income to 30%

Will monitor lawyers, chartered accountants, real estate dealers and DNFBPS

Officials suggest an asset declaration scheme should also be presented to the provincial governments

Also proposes reduction in WHT on imported mobile phones

Govt faces resistance over its plans to withdraw sales tax and income tax exemptions being availed by industrialists

Looks to generate additional revenue to collect over Rs2tr through sales tax

The decision is aimed at achieving the goals set by the Financial Action Task Force

Says federal government has been unable to give province’s full share under divisible pool

Chairman urges them to opt for tax amnesty as only 11% are currently registered

Official says tax refunds are not being released timely

Ministerial body to review Mujtaba Memon’s case

FBR is an organisation of the vested interests, by the vested interests and for the vested interests

SHC directs RO to visit other public institutions in vicinity

Step taken following directive of PAC that took notice of Rs30b loss to exchequer

PCP awards OGDCL Chairman Zahid Muzaffar for humanitarian services

Perhaps the most challenging task is to undertake a vigorous and across-the-board tax audit

There is little point in igniting a national storm over dual nationality when there are far more important issues

Company gets second exemption from ECC in December

Member says all legitimate issues of exporters will be resolved

PM Office writes letter to chairman seeking detailed report

Sector constitutes a big part of undocumented economy, says former FBR member inland revenue

But FBR cannot investigate cases more than five-year old, say experts

FBR raid leaves testing service without main information servers, crippling their function

FBR also likely to extend deadline for filing income tax returns as only 178,945 people complete task

Submits it to parliamentary body, reveals famous cases of undue favours and wrongdoings

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

Say tax complaints are based on concocted information

RPOs of amount more than Rs1 million to be paid by August 14

Board insists it has provided all available record to JIT

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