FBR
Islamabad: The Federal Board of Revenue (FBR) fell short of its tax collection target for March 2024, falling Rs. 44 billion short of the IMF-set goal of Rs. 879 billion. The shortfall marks the third consecutive month FBR has missed its target. Despite the tax collection miss, the Finance Ministry
FBR
KARACHI, The Federal Government of Pakistan is considering an ordinance to expedite the resolution of a backlog of 27,000 tax cases pending in various appellate courts. According to media reports that the Federal Board of Revenue (FBR) has communicated to the Law Ministry regarding the initiation of an ordinance
tax return
LAHORE, March 27 : The Federal Board of Revenue (FBR) has taken a strict stance against non-compliant teachers in Punjab, announcing fines for those who fail to submit their tax returns. The FBR has compiled lists of teachers who have defaulted on submitting their tax returns for the year 2023, with
Tax
ISLAMABAD. Jan 07 : The salaried class has outpaced wealthy exporters in tax payments during the first half of the current fiscal year. Reports indicate that the salaried class has contributed a staggering 158 billion rupees in taxes, marking a substantial 38 percent increase compared to the same period in the
FBR
ISLAMABAD, Jan 03 : The Federal Board of Revenue (FBR) has exposed a startling revelation that one out of every three candidates vying for the upcoming February elections is entangled in violations of tax laws. The report highlights instances of candidates either not being registered taxpayers, non-filers of income tax for
FBR
Islamabad, The Federal Board of Revenue (FBR) has made Point-of-Sale (POS) systems mandatory for all traders with annual business holdings exceeding Rs. 1 lakh (approximately $580). This decision brings a significant number of retailers under the purview of stricter financial monitoring. Previously, POS systems were primarily required for larger businesses.