The Federal Board of Revenue (FBR) has established real-time machine-to-machine data integration with NADRA and also created a link to other key organizations that maintain data on financial transactions. FBR has drafted a report on Broadening the Tax Base (2023-24). According to the report, FBR used technology and data analytics with continuous monitoring through dashboards. … Read more
Islamabad: In a move to curb tax evasion, hoarding and price gouging, the Federal Board of Revenue (FBR) has decided to deploy Inland Revenue officials at all sugar mills in Punjab and Sindh ahead of the sugar crushing season, which begins on November 21. The measure comes after reports of misuse of the track and … Read more
The Federal Board of Revenue (FBR) has initiated an investigation into seven customs officials at Islamabad International Airport over allegations of facilitating the smuggling of night vision and thermal imaging equipment into Pakistan. According to a report by BR, FBR has directed the Islamabad Airport Collector to investigate the accused officials for their alleged involvement … Read more
A worker delivers packages of fabric to a market in Karachi. – Reuters/File Authorities say the International Monetary Fund will send its team to Pakistan in December. The FBR may propose to raise withholding tax rates on all imports. Raising the withholding tax on the sale of land plots and also purchases with cards. ISLAMABAD: … Read more
This photo released on March 3, 2022, shows the FBR building. —Facebook/Federal Board of Revenue The Federal Board of Revenue (FBR) has denied media reports claiming that the International Monetary Fund (IMF) rejected the top tax collection body’s request to review the tax target during a recent virtual meeting. “It is unfortunate to note that … Read more
Representative image showing the FBR logo. —FBR location/file FBR extends the deadline for filing income tax returns for the second time. The deadline has been extended in light of requests from various trade bodies. Earlier, the FBR had extended the deadline to October 14. ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date … Read more
A policeman walks in front of the Federal Board of Revenue (FBR) office building in Islamabad, Pakistan, on August 29, 2018. — Reuters The FBR makes a tentative decision to abolish the category of non-filers. October 14 tax filing deadline will not be extended further: FBR “The key issues in the tax system in Pakistan … Read more