Category: FBR

Exports, FBR, Taxation

FBR – tax refunds for exporters within 72 hrs

The Federal Board of Revenue (FBR) is claiming that it will now pay sales tax refunds through the newly installed Fully Automated Sales Tax e-Refund (FASTER) system to exporters of five sectors within 72 hours of submission of refund claims. The Federal Board of Revenue (FBR) is claiming that it will now pay sales tax refunds through the newly installed Fully Automated Sales Tax e-Refund … Continue reading FBR – tax refunds for exporters within 72 hrs

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FBR, News, Taxation

A little mistake can hurt you BIG TIME.

Be very careful while filling income tax return 2019, which will be open around September 2nd or 3rd. FBR will be using systematic matching technique to catch those who fill incorrect information or hide assets. Accordingly to experience Tax payer makes 5 common mistakes. Hiding Tax on Education local section 236I & Aboard 236R both, Kindly avoid this mistake. Hiding Capital loss on securities : … Continue reading A little mistake can hurt you BIG TIME.

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Economy, FBR, News, Taxation

FBR – Take Action if Sales Tax is Wrongly Charged

Federal Board of Revenue (FBR) on Saturday urged people to file complaints against businessmen who are charging sales tax without registering themselves under sales tax act. According to details, FBR has issued a circular which states that general public has reported complaints against the businessmen who are charging sales tax from consumers without being registered with FBR under the Sales Tax Act-1990. “It is, therefore, … Continue reading FBR – Take Action if Sales Tax is Wrongly Charged

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