The Federal Revenue Council (FBR) has been appointed to make major amendments to the EFS 2021 to prevent revenue loss and tighten controls on customs duties exempt. One of the main reviews includes withdrawing the EFS facility from the scrap importers of iron and steel. The changes, recently approved by the Economic Coordination Committee (ECC) … Read more
The Pakistani Lawyers Association (PTBA) has called on the Federal Revenue Council (FBR) to establish a fully operating tax office in Gawadr, noting the increasing economic importance of the city and the need to improve the mechanisms of tax compliance. Fazal Fazraz, a senior sales tax expert, confirmed that PTBA representatives discussed the matter with … Read more
The Federal Revenue Council ended the demand for a sales tax worth 18.21 billion rupees against Millat Tractors LTD after an investigation began to see the presidential directives. According to the details, the case is related to the investigation by FBR in the alleged evasion of sales tax by MILAT tractors under Benami laws. The … Read more
The Federal Chairman (FBR) Rashid Mahmoud Langeral attributed the revenue deficit in the first half of the fiscal year 25 to an independent growth less than expected, driven by the stability of the exchange rate, subjugation inflation, and the intelligence of the slow GDP and the manufacturing sector. The Senate Standing Committee reported that these … Read more
Islamabad: The Pakistani Communications Authority (PTA) reminds international travelers who bring mobile devices to Pakistan to fulfill their tax obligations as required by the Federal Revenue Council (FBR) to register the device under identification of the device, registration and ban (DERBS). To facilitate international visitors, PTA provides a temporary registration option for short -term stays. … Read more
On Sunday, the President of the Federal Revenue Council (FBR) defended Rashid Mahmoud Langeal. His statement came in response to the objections raised by the Senate Standing Committee for Finance and Revenue, as Senator Faisal Faouda criticized this step, describing it as “open corruption” and the misuse of government funds, especially after the continuous lack … Read more
Islamabad: The Revenue Division suggested one time exemption from the government’s policy that requires the cancellation of 60 % of the vacancies in its field formations, noting the challenges faced by the FBR in implementing its transformational plans. This request was discussed during a meeting of the ministerial committee concerned with reducing the size of … Read more
The Federal Board of Revenue (FBR) has outlined a bold plan to address Pakistan’s significant revenue shortfall, ahead of an upcoming visit by an International Monetary Fund (IMF) delegation. This development comes at a time when Pakistan is struggling to meet critical financial commitments to secure International Monetary Fund support and stabilize its fragile economy. … Read more
The Pakistan Tax Bar Association (PTBA) has called on the Federal Board of Revenue (FBR) to set up a dedicated tax office in Gwadar, citing increased economic activity and growing compliance challenges faced by local taxpayers. In a letter to FBR Member (Operations) Hameed Atiq Suroor, the PTBA asserted that the existing facilitation center in … Read more
The Federal Board of Revenue (FBR) is expanding tax oversight by integrating manufacturers, wholesalers and distributors of fast-moving consumer goods (FMCG) into the Digital Invoicing System (DIS). This initiative aims to strengthen sales tax control and address the significant revenue leakage in this sector. Under the directions of Prime Minister Shehbaz Sharif, the FBR’s transformation … Read more