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FBR widens probe into COAS Bajwa family tax record leak

LAHORE: The Federal Board Revenue (FBR) on Saturday included three more income tax officers in the investigation of leaked tax record details of Chief...

Govt takes U-turn over income tax exemption after IMF agreement

ISLAMABAD: The federal government has reversed its decision to exempt middle-income groups from taxation after it reached an understanding with the International Monetary Fund...

Aima Baig lands in trouble for non-payment of taxes

Singer Aima Baig landed herself in trouble over non-payment of income tax, Federal Board of Revenue has issued notice to her. As per the reports,...

How much tax did PM Imran Khan, parliamentarians pay in 2019?

ISLAMABAD: Federal Board of Revenue (FBR) has issued Parliamentarians Tax Directory (PTD) to provide tax details of the lawmakers from the provincial assemblies, National...

FBR urges joint effort with provinces to close agricultural income tax gap

ISLAMABAD: The new FBR head has proposed a close collaboration with provincial governments in order to better collect agricultural income tax in line with...

K-Electric to charge 7.5pc tax on monthly bills of non-active taxpayers  

KARACHI: K-Electric has announced to charge a Rs7.5 percent advanced income tax on monthly electricity bills of over Rs25,000 from July 01 from customers...

Saudi crown prince says kingdom has no plans to introduce income tax

The kingdom had tripled VAT to offset the impact of lower oil revenue on state finances in a move that had shocked citizens and businesses expecting more support from the government during the coronavirus pandemic

FBR says it collected Rs65b more in Jul-Nov taxes YoY

In its revenue break up, the tax body said it earned Rs577 billion on account of income-tax, while Rs743 billion under sales-tax head.

Rs45 bn losses incurred in tax collection as fuel consumption drops: FBR  

Income tax collection during March dropped from Rs 500 billion to Rs 300 billion, said the FBR spokesman.

Income, sales tax collection increased by 12 percent in August: FBR

As per the board, collection of sales tax was increased from 30.4 to 42.7 percent.

Govt likely to lower taxable income limit in budget: sources

Those earning eight to 10 Lac will pay Rs. 1667 monthly income tax, while those having income between 15-18 Lac range will pay 6771 monthly income tax.

FBR extends deadline for filing of income tax returns by April 30

Federal Board of Revenue (FBR) has extended the deadline for filing of income tax returns and statements for the tax year 2018 till April 30.

Today marks the Last day for filing annual income tax returns: FBR

ISLAMABAD: The Federal Board of Revenue’s (FBR) time limit will end today (Friday) for people to file their income tax returns and wealth statements. According...

FBR registers 55% increase in tax returns

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that it has registered a landmark 55 percent increase in the number of income tax...

Govt not to collect sales, income tax from FATA

ISLAMABAD: The caretaker federal government has decided not to collect sales tax on electricity and manufacturing and income tax on profits in business from...

Deadline for filing income tax returns again extended

ISLAMABAD: The Federal Board of Revenue (FBR) has extended due date for filing of income tax returns or statements by salaried individuals, other individuals...

Pakistan, Switzerland ink revised agreement on avoidance of double taxation

ISLAMABAD: Pakistan and Switzerland on Tuesday signed the revised 'Agreement on Avoidance of Double Taxation' with respect to taxes on income. The agreement was signed...

Rahat Fateh Ali Khan issued notice to failing to disclose foreign earnings

LAHORE: The Federal Board of Revenue (FBR) has issued a notice to famous singer Rahat Fateh Ali Khan seeking explanation about his foreign revenues, ARY News reported.

Govt imposes 4% income tax on PCB

ISLAMABAD: The federal government has on Friday imposed 4 percent income tax on Pakistan Cricket Board (PCB) and directed the body to pay income tax of last six years within one month, ARY News reported.

FBR prepares new income tax annual return form

ISLAMABAD: Federal Board of Revenue (FBR) has prepared income tax annual return form for Tax Year 2015 by incorporating necessary legal changes and suggestions of the business community and of professional bodies.
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