Fastest News Come First
The Federal Board of Revenue (FBR) is ramping up its efforts to ensure business compliance. According to official sources, the FBR will impose stringent measures on companies that fail to register. This move aims to tackle the significant tax gap in the country, which currently stands at a staggering Rs 3,400 billion in terms of …
Continue reading “FBR to Implement Strict Measures for Unregistered Businesses”
ISLAMABAD: The Federal Board of Revenue (FBR) has denied rumors of introducing a mini budget this fiscal year. Hamid Ateeq Sarwar, FBR Member Inland Revenue (IR) Policy, confirmed there was no need for a mini budget starting from October 1. He assured that the FBR aims to collect Rs 2,600-2,700 billion in taxes from July …
Continue reading “FBR Denies Rumors of Mini Budget Amid Tax Collection Efforts”
KARACHI: The unpredictable worldwide prices of edible oil have driven up local costs of ghee/vegetable in the country, and a sliding scale is needed to link the pricing of ghee in local markets with the international markets, according to a senior government official. Finance and Revenue Minister Shaukat Tarin, who presided over a meeting of …
Continue reading “International Prices of dible Oil Hiked Local Costs of Ghee”
ISLAMABAD: Asim Ahmed, on Friday, has been appointed as Federal Board of Revenue (FBR) new chairman as a notification from the Establishment Division mentioned. The federal government on Friday appointed Asim Ahmed, as he is from the Inland Revenue. Following the retirement of incumbent chairman Javed Ghani, he was given charge of the tax regulatory …
ISLAMABAD: Complications and irritants in current tax processes must be overcome in order to fully use the country’s tax capacity. According to former vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) MA Jabbar, taxation schemes are getting more nuanced with each budgetary exercise, likely due to the Federal Board of …
Continue reading “Tax specialists observe issues in tax system”
