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The Federal Board of Revenue (FBR) has started issuing a new Expression of Interest (EOI) to select companies for advanced cargo tracking and monitoring technologies. This follows the discontinuation of services by the previous operator, which managed the system since 2013. The FBR said the decision was made after a thorough review and legal procedures. …
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ISLAMABAD: Startups that participated in the first season of Shark Tank Pakistan are under investigation by the Federal Board of Revenue (FBR). The investigation centers on alleged tax discrepancies. Ahmed Rauf Essa, CEO of Telemart, disclosed the matter on LinkedIn. He revealed that several startups have received tax notices and some are facing legal action …
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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 …
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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 …
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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 …
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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 …
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