Govt. Set to Increase Petrol, Diesel Prices from July 1 Amid Fiscal Revisions
Islamabad: The federal government led by Prime Minister Shehbaz Sharif is preparing to announce a significant hike in petrol and diesel prices starting July 1,...
Federal Board of Revenue (FBR)
IMF Recommends Implementation of New System to Bring New People into Tax Net
by TNT Desk
Islamabad: The International Monetary Fund (IMF) has recommended Pakistan to implement the latest Track and Trace system to prevent tax evasion and bring new people...
60 per cent of Pakistani lawmakers among tax evaders: report
by TNT Desk
Islamabad: Majority of Pakistan’s cabinet and two thirds of its federal lawmakers did not pay tax in 2011, according to a study entitled “Representation without...
FBR eases conditions for default surcharge and penalties
Karachi: Federal Board of Revenue (FBR) has taken yet another step to further facilitate tax payers, exempting the default surcharge and penalties on outstanding Sales...
FBR freezes APP accounts for non-payment of Income Tax
by Yasir Ameen
Karachi: The Federal Board of Revenue (FBR) froze the accounts of the state-owned Associated Press of Pakistan (APP) for the non-payment of Income Tax....
15pc surcharge on payable income tax applies to all: FBR
by Abdul Hafeez
Islamabad: Federal Board of Revenue (FBR) has said the imposition of 15% surcharge on the amount of payable income tax for the period 15th March,...
FBR outlines plan to force big non-filers, short-filers to file returns
by TNT Desk
Islamabad: Federal Board of Revenue (FBR) has decided to enforce the return filing of top 1000 corporate non-filers and top 1000 corporate short-filers of sales...