The Federal Board of Revenue (FBR) as of now has already achieved over 99% of its FY21 tax target i.e. an amount of Rs. 2,204 billion.
According to FBR, FY21 is proving to be a positive sign in improving Pakistan’s economy when the refunds are valued at PKR 144 billion.
These recently identified 27 cases of the Benami Transactions worth nearly around PKR 7.4 billion.
FBR, in order to promote Green Field Industry, will introduce an online facility for investors to file their applications for the grant.
ICCI informed the government that due to the load on FBR’s system, many taxpayers were unable to file their income tax returns for the year.
To ease the business community, FBR issued a notification just one day past the deadline for filing income tax returns.
After receiving many requests, the FBR has recently advised its Chief Commissioners to extend dates with specific instructions generously.
FBR’s total tax collection for the period July-November recorded Rs. 1.686 trillion which is above their preset target of Rs. 1.669 trillion.
The Federal Board of Revenue—FBR has given a clarification that no withholding tax has been…
The Federal Board of Revenue—FBR has asked the Ministry of power to deny providing new…