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FBR

FBR Chairman Announces Stricter Measures, Sealing And Fines For Pos System Violations

Desk Editor Jun 14, 2024

The new system enables real-time monitoring of sales and purchases, bolstering accountability. ISLAMABAD, The Chairman of the Federal Board of Revenue (FBR) has announced stringent measures against violations of the Point of Sale (POS)…

Pakistan

Federal Govt Plans Tough Penalties for Non-Compliant Bank Officers and Traders

Desk Editor Jun 14, 2024

These legislative changes signify the government's robust efforts to bolster tax compliance and streamline customs enforcement across the country. ISLAMABAD: The federal government has announced stringent measures to enforce tax…

Govt likely to increase taxes on commercial import of mobile phones; Details inside

Desk Editor Jun 10, 2024

OICCI argues that most telecom users fall below the taxable income threshold, and the tax is a barrier to affordability of mobile services. ISLAMABAD: The government is expected to increase duties and taxes on commercial imports of mobile…

Latest News

Pakistan Considers to eliminate tax exemptions to meet IMF target

Desk Editor Jun 7, 2024

The proposal also reportedly includes a 10% sales tax on essential items like food, medicine, and stationery. Islamabad, The International Monetary Fund (IMF) has reportedly set a demanding tax target of Rs 12,900 billion for Pakistan's…

Latest News

Federal govt surpasses petroleum levy tax collection target

Desk Editor Jun 7, 2024

Federal Board of Revenue (FBR) has reported a total revenue of Rs 8.12 trillion for the first eleven months of FY2024. Islamabad: The federal government has achieved the target of petroleum levy tax collection for the financial year…

Over 24,000 Retailers Registered with FBR’s Tajir Dost App in Just 2 Months

Desk Editor Jun 4, 2024

FBR officials noted Lahore's fervent participation, with 7,297 businessmen leading the charge in registrations. ISLAMABAD: Federal Board of Revenue (FBR) has reported that more than 24,000 retailers have swiftly registered through the…

Pakistan

FBR restores over 7,000 SIMs of non-filers who submitted tax returns

Desk Editor May 30, 2024

Individuals who complied by filing their tax returns had their SIMs reactivated after verification. ISLAMABAD: The Federal Board of Revenue (FBR) has restored mobile phone service to over 7,000 individuals who previously failed to file…

Economy

FBR Establishes 4 Technical Committees to Propel Tax Digitization and Combat Evasion

Desk Editor May 30, 2024

The third committee, also comprising 10 members, is dedicated to the digitization of business processes. ISLAMABAD: In a strategic move to modernize Pakistan’s tax system and curb tax evasion, the Federal Board of Revenue (FBR) has formed…

Latest News

FBR Targets Over Rs 12.5 Trillion Revenue for Next Fiscal Year

Desk Editor May 27, 2024

Chairman Tiwana discussed various proposals currently under consideration to enhance tax targets and collections. Islamabad: FBR Chairman Amjad Zubair Tiwana Announces Potential Revenue Target of Over Rs 12.5 Trillion for Next…

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