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FBR’s measures to facilitate people
Primary source for a country to generate public revenue is by collecting taxes and fees with an aim to invest it in human capital and infrastructure of the country. The core objective of any tax collection authority is to optimize public revenue by making tax collection process easier and smarter. Federal Board of Revenue (FBR) […]Read more
Tax Amnesty Scheme 2022
Last Thursday, 3rd of March 2022, the Federal Government initiated a tax amnesty scheme for the industrialists to establish new industrial units. This Tax Amnesty Scheme had been put on the table through the Presidential Ordinance. In the context of this Tax Amnesty Scheme, the government through the Federal Board of Revenue (FBR) will not […]Read more
PM Imran Khan to distribute Rs. 407Bn Interest-Free Loan under Kamyab Pakistan Program
Prime Minister Imran Khan, on Wednesday at Islamabad Faisal Mosque, while addressing the launching ceremony of Kamyab Pakistan Program. Announced a Rs. 407 Billion Interest-Free Loan Package for the low-income group in Pakistan. The Prime Minister emphasized that, “this package would make the low-income group self-reliant”. Further adding to it, he said, “a number of […]Read more
Prime Minister’s relief package, a sigh of hope for the nation
Prime Minister of Pakistan, Mr. Imran Khan on Monday announced a relief package for the nation in the times of increasing domestic pressure from political parties and global crisis. In his 40 minutes long address to the nation, he talked about many aspects including the geopolitical situation of the world, Pakistan’s political situation, and also […]Read more
Calling out Freelancers: Government registering them for controlling Money Laundering
The government has told the Senate Information and Telecommunications Committee that it has made up its mind to register freelancers in the country. Following the serious threat of money laundering. In a recent meeting of the Senate Information and Telecommunications Committee, which was led by Senator Kahuda Babar. Officials from the Department of Information Technology […]Read more
It’s the time to profile non-filers: FBR’s bid to launch “Asaan Tax Portal”.
In this week, the Federal Board of Revenue (FBR) would bring out “Tax Asaan Portal”, in its motive to furnish comprehensive details involving financial transactions of people (non-filers) in millions just in order to reinforce people to register, pay taxes, and ultimately bring them up into the tax filing system. Sources associated with Business Recorder, […]Read more
Finance Supplementary Act 2022
The purpose of the Finance (Supplementary) Bill, 2021 was to give legislative effect to the taxation, proposals of the Federal Government to achieve efficiency, equity in the tax system, widening of tax base as well as documentations of the economy. The State Bank of Pakistan Amendment Bill 2021 and the Finance Supplementary Bill 2021 have […]Read more
Single Sales Tax Returns: A New Sales Tax Returns Portal
A new development has been put forward by the Federal Board of Revenue FBR by launching Single Sales Tax return portal across the country. This vital breakthrough is aimed at facilitating the taxpayers, promoting ease of doing business and to reduce compliance costs. This leads to a keynote and cornerstone achievement of the FBR with […]Read more
Nadra and FBR Joining Hands Together To Track And Hunt Non-Filers
A new development has been made in Pakistan in accordance with the NADRA (National Database and Registration Authority) and Federal Board of Revenue (FBR). The breakthrough is all about the framework which indicates on how to keep an eye and detect the non-filers. With the help of advance technology, both these government machineries will work […]Read more
Online Correspondence of Tax Notice: Real-time coordination with the Tax body:
You surely may have been tired while receiving the tax notices, preparing its reply manually, and submitting it while visiting the concerned tax office. So, your worrisome query has been eased by the FBR. Find out below how? There is a new update regarding the IRIS portal of the FBR; we will discuss it in […]Read more