The Federal Board of Revenue (FBR) has asked the city’s big retailers to furnish documents of proof related to imported goods on sale at their stores after ongoing anti-smuggling surveys, sources said on Thursday. The Federal Board of Revenue (FBR) has asked the city’s big retailers to furnish documents of proof related to imported goods on sale at their stores after ongoing anti-smuggling surveys, sources … Continue reading 45 big retailers asked to submit import papers by FBR

The Financial Action Task Force (FATF) under its 27 action plan has asked Pakistan to regulate non-profit organisations, trusts and other activities undertaken on name of welfare so scrutiny of all those is requirement for compliance under the FATF review conditions. In order to ensure compliance on FATF requirements, FBR Chairman Shabbar Zaidi has written letters to all banks and sought details of trust funds … Continue reading FBR looking in Trust Funds Bank Accounts

Upon the directives of the Prime Minister of Pakistan, Imran Khan a separate category added to ‘citizen’s portal’ application. Federal Board of Revenue (FBR) had made a formal request for their category to appear in the mobile and computer application. With the new feature, people will be able to register their complaints directly to the concerned authorities, easily and more conveniently. Chairman FBR had given … Continue reading Citizen Portal App add FBR as separate category.

The Federal Board of Revenue (FBR) extended the deadline to file income tax returns and statements for the tax year 2019, according to a circular released Monday, revising it from September 30 to October 31 instead. In its statement, the FBR said the people who, as of September 30, “failed to file their income tax returns/statements are hereby allowed to file their returns/statements by 31st … Continue reading FBR extends deadline for 2019 TAX RETURNS

In order to maximise tax collection, the FBR has started scrutiny of special audits of giant sectors including sugar, cement, oil refineries, beverages and others to identify loopholes and gaps for the purpose of effective enforcement. Official sources in the FBR disclosed that the domestic GST so far showed impressive growth in the range of 50 percent in first two months and now the FBR … Continue reading Special audits to maximise Tax