PM orders crackdown on hoarding and tax evasion in sugar sector
Prime Minister Shehbaz Sharif directed the Federal Board of Revenue, Federal Investigation Agency and the Intelligence Bureau to carry out joint action to curb the undocumented sale of sugar, tax evasion and price hikes of the commodity.
Adil Aziz
FBR Introduces Innovative Payment Creation System
FBR is reinforcing its commitment to advancing tax administration and enhancing revenue collection through advanced digital solutions. As part of this progressive approach, FBR has introduced the New Payment Creation System, namely ePayment 2.0, available within the IRIS 2.0 portal, an advanced platform designed to simplify tax payment processes for taxpayers across Pakistan.
Today is Last day for submission of income tax returns
The Federal Board of Revenue has warned that Monday (Oct 14) is the last day for submission of income tax returns for the financial year 2023-2024.
Editor
Strict action against tax evaders from next month
Chairman (FBR), Rashid Mahmood Langrial, said that the FBR was gearing up for a large-scale crackdown on non-filers starting next month.
FBR give extension the date of filing income tax return: KCCI
President Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Sheikh, requested the Federal Board of Revenue (FBR) to extend the last date for filing Income tax Returns by one month to facilitate maximum number of taxpayers in submitting their returns.
FBR sets Sept 30 deadline for income tax returns, no extension to be granted
Federal Board of Revenue (FBR) Spokesperson Bakhtiar Muhammad Saturday cautioned citizens against last-minute rush, advising them to file their income tax returns well before the September 30 deadline and emphasized that no extensions will be granted.
FBR, LUMS sign MoU on machine learning & data analytics
The Federal Board of Revenue (FBR) and the Technology for People Initiative (TPI) of Lahore University of Management Sciences (LUMS) signed a memorandum of understanding (MoU) to explore future collaboration in the use of machine learning and data analytics.
FBR collects Rs.1,588 Billion in revenue during July and August
Federal Board of Revenue has collected gross revenues of Rs.1,588 billion for the months of July & August 2024. Against a target of Rs.1,554 billion, FBR has collected Rs.1,456 billion in net revenue and refunds of Rs.132 billion (44% more than last year) were issued to the exporters to resolve their liquidity problems.
Mehfooz
FBR rebuts rumors of upcoming amnesty scheme for smuggled vehicles
Federal Board of Revenue that certain rumors are circulating on the social media regarding a purported upcoming amnesty scheme for regularizing smuggled vehicles.
Retailers brings down under the tax from July: Finance Minister
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said that tax on retailers would be collected from July 1st 2024, to broaden the tax base and improve the tax-to-GDP ratio.