FBR receives data from National Database Regulatory Authority (NADRA) on 195,000 affluent Pakistanis avoiding taxes. Data includes bank account details, property ownership records, and luxury vehicle registrations. The FBR plans to target these individuals for tax collection. In response to the International Monetary Fund (IMF) demands to expand the tax base and increase revenue, the … Read more
The Federal Board of Revenue (FBR) announced that all its field offices will remain open on Saturday and Sunday, September 28 and 29, 2024, for the collection of duties and taxes. Additionally, customs field formations will operate with extended hours, staying open until 10 PM on September 28-29, and until midnight on September 30, 2024. … Read more
KARACHI: The Federal Board of Revenue (FBR) on Tuesday notified an increase in the sales tax on high-speed diesel (HSD) and kerosene. The FBR also increased the sales tax on light diesel oil. However, the rate of sales tax has been brought down to zero per cent on petrol. The revenue body issued SRO 1579 … Read more
KARACHI: The Federal Board of Revenue (FBR) will collect income tax on the basis of advance-to-deposit ratio from banks on making investment in government securities, official sources said on Saturday. The sources in the revenue board said a relief had been provided to the banks in discharging liabilities on making profit from the investment made … Read more
The Federal Board of Revenue (FBR) has released details of the tax directory for the tax year (TY) 2018 of all members of the parliament. According to the details, Prime Minister Imran Khan paid Rs 282,449 in taxes in 2018. The opposition leader in the National Assembly Shahbaz Sharif paid a tax of Rs 97,30,545. Chairman … Read more
