Category: FBR

FBR, News

FBR tries to solve Province Reservations

Federal Board of Revenue (FBR) has conveyed to provincial revenue authorities that the single portal for filing of sales tax returns would address their reservations on adjustment of input tax from telecom companies and regularize input tax adjustment between the FBR and provinces. This was discussed during the last advisory meeting held with the provincial revenue authorities/board to discuss issues regarding single portal/single sales tax … Continue reading FBR tries to solve Province Reservations

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FBR, News

Tax App a SUCCESS

Within two days of its launch, the mobile app for simplified return has received 98 salary returns digitally and thousands of downloads of the app, indicating its success according to the Federal Board of Revenue (FBR). The app “Tax Asaan” has been operational since Monday (Sept 16) with its scope limited to the salary income of an individual. Speaking to Dawn on Wednesday, FBR chairman Shabbar Zaidi … Continue reading Tax App a SUCCESS

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FBR, News, Pakistan

The Federal Board of Revenue (FBR) has restrained officials of Inland Revenue from conducting raids on taxpayers’ premises without approval.

“No commissioner or authorized officer shall undertake exercise of search or audit without approval of entering into premises of any taxpayer,” the FBR said in an order to chief commissioners of Inland Revenue. The FBR said it received complaints about abuse of powers by the tax officials. It further said if there is a need to undertake such activity then a prior permission of the … Continue reading The Federal Board of Revenue (FBR) has restrained officials of Inland Revenue from conducting raids on taxpayers’ premises without approval.

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Economy, FBR, News, Pakistan, Power

PKR 201 Billion refered as Tax Evasion

The Auditor General of Pakistan (AGP) has discovered variations of Rs201.39 billion in the figures of tax receipts, and referred to these as ‘evasion’ in the audit report on the accounts of the Federal Board of Revenue (FBR) for 2017-18. The AGP has recommended various measures for the recovery of evaded taxes from the FBR along with fixing of responsibility. Those found responsible be proceeded … Continue reading PKR 201 Billion refered as Tax Evasion

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Bookeeping, FBR, Feels, Finance, Small Business, Startup

Benefits of Bookkeeping

Without bookkeeping, it’s impossible to measure the true success or failure of your business dealings. You won’t know that your 2,000 rs per-month magazine ad campaign isn’t worth the investment. You’ll have no idea why you barely have enough money to operate your business, and you won’t know where the money went. A smart business owner realizes bookkeeping has several undeniable benefits. Cash Management Benefits … Continue reading Benefits of Bookkeeping

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Bookeeping, FBR, Feels, Finance, Financial Statements, News, SECP, Small Business, Startup, Women Empowerment

FINPERIAL organises Financial Literacy seminar in Islamabad

Finperial is a startup providing financial consultancy to other startups and SMEs based in Twin cities. ICON event management and Be The Change along with Finperial organised a free financial literacy seminar for non financial entrepreneurs in Islamabad on 14th September 2019. The event was held at WeCreate Centre F11. Hira Jalal ACCA, founder of Finperial was the keynote speaker. The seminar was attended by … Continue reading FINPERIAL organises Financial Literacy seminar in Islamabad

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FBR, News, Taxation

FBR to Launch Tax App for Return Filing Today- Chairman FBR

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that the revenue collection body will launch a mobile app for salaried persons to file tax returns on Friday. Talking to journalists, Shabbar Zaidi said that the mobile app will help citizens and salaried people to file their tax returns. He said that FBR decided to introduce the mobile app to facilitate the masses, business … Continue reading FBR to Launch Tax App for Return Filing Today- Chairman FBR

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Economy, FBR, News, Taxation, Tech

Tax Asaan- FBR APP Initiative for Sales Tax

Tax Asaan is a mobile application with selected functionality of Iris web application. This mobile application provides the taxpayers a quick and on-the-go access of basic verification features like Active Taxpayers List (ATL), Online NTN/STRN Inquiry, Exemption Certificate and CPR Utilization Status etc. A new and simplified functionality is provided under Tax Asaan mobile application for the users to get register for Sales Tax. Now … Continue reading Tax Asaan- FBR APP Initiative for Sales Tax

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Economy, Exports, FBR, News, SBP, Taxation

FBR RELEASES FIRST TRANCHE OF SALES TAX REFUNDS PROCESSED THROUGH FASTER SYSTEM

The first payment through FASTER module, against the refund claims for the tax period July, 2019, has been made on 2nd September, 2019, and the State Bank of Pakistan has confirmed the credit of the refund amount in the bank account of the claimant. It is highlighted that only 9 refund claims of five exporter-oriented sectors were received by Friday, the 30th August, 2019, and … Continue reading FBR RELEASES FIRST TRANCHE OF SALES TAX REFUNDS PROCESSED THROUGH FASTER SYSTEM

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