For the first time in history, FBR arrested tax evaders after registration of FIRs, the sources said and added that the lists of tax evader companies and individuals have been finalized to speed up the action. Concerned tax commissioners will serve show-cause notices over tax irregularities. Meanwhile, the FBR officials have said with the new […]
The decision comes in response to requests from trade organizations and tax bar associations and considers bank holidays. The deadline was extended under Section 214A of the Income Tax Ordinance 2001, allowing taxpayers additional time to file their returns. FBR extends tax return filing deadline Previously, FBR had extended the deadline for filing income tax […]
FBR spokesperson, Bakhtiar Muhammad, said the last date for filing income tax returns is October 14 (today) and there would not be a further extension. The offices and field formations of the Federal Board of Revenue (FBR) will remain functional till midnight tonight. The FBR announced that 36,60,000 taxpayers filed their tax returns until September […]
The report finds that these economies are poorer today on average than on the eve of the COVID-19 pandemic, even as the rest of the world has largely recovered from COVID and resumed its growth trajectory. Released a week before World Bank and International Monetary Fund annual meetings get underway in Washington, the report confirms […]
The minister revealed that tax evasion in Pakistan stands at nearly Rs7,000 bln annually. He said steps are afoot to broaden the tax net and bring reforms to the tax system of Pakistan. The minister also announced the ‘war against tax evaders’ in Pakistan and admitted all the burden of taxes is being beard by […]
Exclusively talking to FBR spokesperson, Bakhtiar Muhammad said the last date for filing income tax returns is October 14. The FBR spokesperson further said after the deadline, the SIMs of the non-filers will be blocked and they will not be able to buy vehicles or plots. He urged the masses not to wait for the […]
SHC heard the plea against collection of tax collection in the electricity bills. The Sindh High Court in its verdict said the tax collection is imposed under the Finance Act and questioned whether the petitioners had challenged the act itself. At this juncture, K-Electric’s lawyer argued that the advance income tax does not apply to […]
“There are around 3.5 million top households liable to pay taxes to the government, however out of which 2.8 million are not paying taxes,” Spokesperson FBR, Bakhtiar Muhammad told APP. The incumbent government had embarked upon a comprehensive plan to enhance the tax-to-GDP ratio and resultantly the number of tax filers as well as tax […]
KCCI President Iftikhar Ahmed Shaikh in his statement said the FBR’s portal for submitting online tax returns is not ‘working’ and the traders are finding it difficult to submit their returns as the deadline is also nearing. Shaikh urged the (FBR) to extend the deadline for filing income tax returns for a month as the […]
Chairman of All Pakistan Textile Mills Association (APTMA), Asif Inam, has said that the most expensive electricity is being provided to mills in the country. Chairman APTMA has said that the corporate tax in Pakistan has risen to double in comparison to neighboring India. He said the cement factories are being run at 10 to […]
