FBR collects almost Rs 2.11 trillion in 11 months
ISLAMABAD: Federal Board of Revenue has collected almost Rs 2.11 trillion in wake of taxes during first 11 months (July-May)...
FBR restricts officials’ access to database till announcement of budget 2015-16
ISLAMABAD: To stop the leakage of determined policies for upcoming budget 2015-16, Federal Board of Revenue has restricted officials from...
Importers facing hardships at PIC Terminal
KARACHI: Importers are facing hardships due to unnecessary hurdles by Pakistan International Containers Terminal these hurdles result in delay of...
Govt not to issue prize bonds amounting to Rs 25,000, Rs 40,000 from July 1
KARACHI: Federal Board of Revenue is considering to stop issuance of prize bonds worth rupees twenty five thousand and forty...
FBR mulling over withdrawing Rs 150 billion worth of subsidies on industries
KARACHI: The Federal Board of Revenue is considering to cut/withdraw subsidies for some of the major industries. The FBR is taking...
Sindh Excise to take action against vehicles having fancy number plates
KARACHI: Sindh Minister for Excise and Taxation Gayan Chand Israni said that strict action will start against vehicles having fancy number...
Sindh Excise facing 50pc cut in vehicle transfer cases due to high WHT
KARACHI: Almost 50 percent decrease has been observed in vehicle transfer cases in Excise and Taxation Department Sindh during the...
Govt to amend sections of Customs Act
KARACHI: Federal government is planning to bring amendments in Customs Act 1969 Section 80 and 121. Sources in the Regional...
FBR decreases tax collection target
KARACHI: The Federal Board of Revenue decreased tax collection target from Rs 2810 billion to Rs 2605 billion during the...
FBR issued notices to 60,000 potential taxpayers
KARACHI: The Federal Board of Revenue issued notices to 60,000 people to bring them into tax net. These notices were...
FBR scrutinising tax details of Axact, BOL
KARACHI: Federal Board of Revenue begin to scrutinise the tax details of BOL and Axact staff. According to details FBR...
Govt to impose tax on imported mobile sets
KARACHI: The government is seriously considering levying tax on imported mobiles during the upcoming budget of 2015-16. A source told...
Taxes amounting to Rs 42 billion outstanding against Sindh govt deptts
KARACHI: Director of Intelligence and Investigation-Inland Revenue revealed that 658 offices of the Sindh government found defaulters of tax. He...
FBR decides to freeze bank accounts of tax defaulters, enterprises
KARACHI: The Federal Board of Revenue is taking strict measure against tax defaulters as the current fiscal year is going...
Karachi Tax Bar to send proposals for budget
KARACHI: Karachi Tax Bar Association General Secretary Mohammad Aleem has said that as Budget 2015-16 is going to be announced soon,...
Govt considering to enhance excise duty on tobacco
KARACHI: The government is seriously considering to increase excise duty on tobacco products, and this step will increase the prices of...
Increase in token tax, registration fee for vehicles, motorcycles on the card
KARACHI: The government is seriously considering a proposal to enhance token tax for vehicles during coming fiscal year. Syed Zahid...
Govt to levy new taxes in federal budget
KARACHI: Assistant Commissioner IR Abdul Shakoor Shaikh said that new taxes will be imposed in coming fiscal budget of 15-16...
Govt considering increasing duty on cooking oil, sugar
KARACHI: According to sources of the Federal Board of Revenue, the government is considering increasing duty on consumable items such...
FBR to take action against corrupt officials
KARACHI: The Federal Board of Revenue (FBR) has started its operation against corrupt officials. According to well-informed sources of Regional...
