FBR

What progress has been made in bringing builders, including housing societies, into the tax net, details revealed – Business & Economy

ISLAMABAD: The Federal Board of Revenue (FBR) has failed to bring developers and builders, especially new housing societies, into the tax net. FBR is expected to release incremental value of immovable properties from July 1, 2024. FBR has started the process of updating property valuation tables across Pakistan in consultation with provincial authorities. According to … Read more

12 senior officers of FBR were removed from their posts on the orders of the Prime Minister – Business & Economy

On the orders of Prime Minister Shehbaz Sharif, 12 senior officers of the Federal Board of Revenue (FBR) were removed from their posts. According to the sources, 12 officers of grade 21 and 22 were relieved from the posts and the services were handed over to the FBR admin pool, FBR issued a notification to … Read more

IMF demands transparency in provincial expenditure, tax collections to FBR in new program – Business & Economy

The International Monetary Fund (IMF) has asked Pakistan to bring transparency in the expenditure of provinces in the new program and to give provincial tax collection powers to the FBR. It should be remembered that the Federal Finance Minister Muhammad Aurangzeb is on a visit to the US to discuss the new program with the … Read more

Decision to block the SIMs of those who do not submit tax returns after Eid – Business & Economy

The Federal Board of Revenue (FBR) has finalized the plan to block 5 lakh SIMs of mobile phones of non-filers and under-filers after Eid-ul-Fitr while taking strict action against tax evaders. An English newspaper quoted top government sources as saying that in consultation with the Pakistan Telecommunication Authority, preparations have been made to identify 4 … Read more

Preparation of action against tax defaulters complete, 10 years data of traders collected – Business & Economy

Lahore: Federal Board of Revenue (FBR) has completed the preparation of action against tax defaulters. Data of 10 years of traders has been collected. Stays taken from courts will also be expunged. According to sources, tax defaulting traders and industrialists will receive final notices within a few days. Thousands while the annual income is in … Read more