Useful information for businessmen
May 19, 2015 Renowned Islamic scholar Maulana Tariq Jameel talked on ‘Morality, ethics and public service delivery’ to officers of FBR at Karachi today (on Monday). His talk highlighted the values of honesty, integrity, truthfulness and strength of character as being the hallmark of public service. The talk was delivered at Directorate General of Training […]
May 12, 2015 Federal Board of Revenue (FBR) has clarified news item regarding negative revenue collection by certain Regional Tax Offices (RTOs), saying the news is not correct as it portrays only one aspect of work of RTO. The tax amount mentioned in the news item is only one of the many taxes collected at […]
May 01, 2015 FBR has clarified a news item published in certain sections of the press attributing to FBR that “Sugar export through land route does not qualify for rebate”. The official Spokesperson, FBR said that that it was only a clarification of Policy of 2012 and does not affect current policy of the government, […]
April 07, 2015 FBR has suspended six IRS officers vide Notification dated 03-04-2015 on the charges that they have failed to disposed off the audit cases assigned to them as reflected in Taxpayers Audit Management System (TAMS). However, certain sections of press have mis-reported this fact and have given the impression that these officers have […]
March 05, 2015 FBR has not taken any advance from the banks There have been some reports in the press that FBR is collecting advance from banks and paying 15% markup on it to add to its revenue collection. It is hereby clarified: a) FBR has not taken any advance from the banks. b) Compensation […]
Feb. 02, 2015 During the on-going drive for broadening of tax base, the Directorate General (BTB) under the leadership of its new Director General Mr. Rehmatullah Wazir has obtained information (transaction and non-transaction based information) totaling to 240,000 from various sources, which include information from Motor Vehicle Registration Authorities, Car Manufacturing Companies, Electricity Supply and […]
Jan. 08, 2015 RECORD INCREASE OF 14 % REVENUE COLLECTION DURING FIRST SIX MONTHS OF CFY During the month of December, 2014, FBR has made a net collection of Rs.270,216 million as against net collection of Rs. 231,539 million during December, 2013 showing an increase of 17%. From July, 2014 to December, 2014, FBR made […]
The officers and staff of the Federal Board of Revenue (FBR) Headquarters gathered on Wednesday to offer Fateha for the martyrs, including 132 innocent schoolchildren, of the horrific Peshawar School Tragedy. All the officers and staff of FBR (HQ), including Chairman Tariq Bajwa and all the Members, gathered in the Auditorium and offered Ijtimai Dua […]
Nov. 22, 2014 INCOME TAX RETURNS FILED BY OR BEFORE 05th DECEMBER, 2014 EXEMPTED FROM PAYMENT OF PENALTY FOR LATE FILING OF RETURN AND DEFAULT SURCHARGE FOR LATE PAYMENT OF TAX A number of representations have been received from Pakistan Tax Bar Association, Pakistan Tax Advisors Association, FPCCI, various chambers of Commerce & Industry and […]
Nov. 18, 2014 Last date for filing of Income Tax return (electronically/manually) for Tax Year 2014 is 21-11-2014 As the last date for filing of income tax return (electronically/manually) for tax year 2014 is 21-11-2014, all Inland Revenue offices will remain open till 8.00 pm on 21 November, 2014 for receipt of manually filed income […]