The Tajir Dost app was launched to tax retailers in Pakistan. Through the app, the government is hoping to bring 3.5 million retailers into the tax net. FBR spokesperson, Bakhtiar Muhammad in his exclusive talk said 53,426 traders have themselves registered in the Tajir Dost tax scheme so far. According to the breakup, 7,312 traders […]
During a visit to FBR headquarters, Governor Kundi met with Chairman Malik Amjad Zubair Tiwana and discussed various tax-related matters and issues faced by the people of the province. The Chairman assured the Governor that all possible measures would be taken to resolve the issues faced by taxpayers in KP. He also apprised about the […]
Previously limited to six major cities, the scheme now covers Abbottabad, Attock, Bahawalnagar, Bahawalpur, Chakwal, Dera Ismail Khan, Faisalabad, Ghotki, Gujarat, Gwadar, Hafizabad, Haripur, Hyderabad, Islamabad, Jhang, Jhelum, Karachi, Kasur, Khushab, Lahore, Larkana, Lasbela, Lodhran, Mandi Bahauddin, Mansehra, Mardan, Mirpurkhas, Multan, Nankana, Narowal, Peshawar, Quetta, Rahim Yar Khan, Rawalpindi, Sahiwal, Sargodha, Sheikhupura, Sialkot, Sukkur, and […]
According to the spokesperson, the development came in the wake of the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram of sugar. The spokesperson said that the corporation has sought clarification from the Federal Board of Revenue (FBR) on the new tax. He said that the corporation has sufficient stock of sugar […]
The FTO Advisor Dr Waqar Ch Arain disclosed this to the business community while addressing an awareness session here Sunday. He added that the FTO has instructed the Director, Directorate of Reforms & Automation Karachi, to develop and deploy e-CRF sent by the Collectorate of Customs, Appraisement (West) Karachi, enabling the assessing officer to ensure […]
FBR spox said the telecom companies had blocked 230,000 Subscriber Identity Modules (SIMs) of non-filers on the body’s recommendation. He said 76,636 SIMs out of 230,000 were unblocked after submission of tax returns. He said the FBR provides data of 5,000 individuals daily to the Pakistan Telecommunication Authority (PTA) for SIM blockage. Replying to a […]
According to the notification of FBR, the new returns forms have been notified for salaried persons, association of persons (AoPs) companies, and business individuals. The electronic copies of returns for these categories were notified through an SRO949 of 2024. Through this notification, FBR has also made amendments to the income tax rules. Through another notification […]
In an interview with the Financial Times, he said that the “upcoming IMF program will not be our last fund program if we don’t bring our tax revenues up,” Aurangzeb maintained that he is hoping Pakistan will reach a staff-level agreement with the IMF this month, estimating the agreement to be worth $6-8 billion. He […]
FBR removed 16 officers of grade 20 from In Land Revenue Services and 11 officers of grade 20 from the Customs group on the intelligence reports. As per notification issued by the FBR, Dr Akhtar Hussain, customs collector Islamabad, Director Transit Trade Lahore, Muhammad Adnan Akram, DG Law and Prosecution, Irum Maqbool Aamir, Naveed Iqbal, […]
According to the notification, the Federal Board of Revenue slapped 2% ADC on items subject to 0% duty. The ACD would be applicable at the rates of 2 percent; 4 percent; 6 percent and 7 percent on the import of goods as specified in the SRO 929(I)/2024. From July 1, 2024, the FBR has imposed […]
