Notices were sent to the jewelers on Thursday. FBR says an inquiry will be initiated and fine imposed if it doesn’t receive replies within seven days. Unregistered jewelers have been directed by the FBR to get their sales tax registration done. The notices have been sent by the Islamabad regional tax office. The jewelers have been asked to submit complete details of their business, including … Continue reading FBR drive against Jewelers in Islamabad
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
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
“Democracy for All” aimed to highlight the importance of active participation of citizens to strengthen democracy. The guests engaged with a young audience who have an important role to play in upholding democratic values. Women’s Parliamentary Caucus Pakistan (WPC) is a non-partisan informal forum for women parliamentarians of Pakistan. Secretary WPC Munaza Hassan welcomed the guests and speakers. Followed by speaker National Assembly Mr. Asad … Continue reading WPC celebrates International Democracy Day- FINPERIAL Participated
“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.
The National Accountability Bureau Rawalpindi on Wednesday arrested Pakistan People’s Party (PPP) senior leader Khursheed Shah from near Bani Gala. According to NAB sources, the PPP leader was arrested in a case pertaining to acquiring assets beyond means of income. Sources in NAB said the arrest came after allegations were proven in the initial investigation against the PPP leader and that further inquiry would be … Continue reading Khursheed Shah, Senior PPP leader, arrested by NAB
The government has completely pulled out restriction on brokers to sell their stake in the Pakistan Stock Exchange (PSX), a move that is likely to give a shot in their arm with liquidity and diversify shareholders. The Securities and Commission of Pakistan (SECP) withdrew ban on sale of 15 percent PSX shares held by brokers following completion of one year of the stock market’s public … Continue reading Brokers can now Sell Shares – PSX
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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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
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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