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FBR to publish Active Taxpayers’ List for 2020 on March 1

ISLAMABAD – Federal Board of Revenue will publish the Active Taxpayers’ List for Tax Year 2020 on 1st March, 2021 in accordance with the provisions of Rule 81B of Income Tax Rules, 2002. Presently, FBR’s Active Taxpayers List (ATL) is linked with income tax returns for Tax […]

FBR says ‘FASTER Plus system’ expeditious, transparent

ISLAMABAD – FBR’s Inland Revenue (Operations) Member Dr Muhammad Ashfaq has said that the newly-upgraded ‘Fully Automated Sales Tax e-Refund (FASTER) Plus system’ is so expeditious and transparent that now there is no need of sales tax zero rating regime for the exporters. While addressing a meeting […]

FBR to add 100s of billions of additional revenue by July, hopes PM

ISLAMABAD – Prime Minister Imran Khan on Friday commended FBR Field Formations on achieving the 7-month revenue targets by undertaking bold tax audit and enforcement, and counter-smuggling measures. In a tweet, the Prime Minister said they must continue working with honesty and commitment. He also commended the […]

FBR’s Policy Board decides to establish ‘Tax Policy Unit’

ISLAMABAD – Federal Board of Revenue (FBR)’s Policy Board on Thursday decided to establish ‘Tax Policy Unit’ to work out policy recommendations for domestic tax collection on the lines of the National Tariff Commission, which operates under the Ministry of Commerce. Tax Policy Unit would be under […]

FBR reforms improve Pakistan’s ranking of Trading Across Borders Index

ISLAMABAD – In a major achievement towards ensuring ease of doing business, Pakistan has improved 31 positions, from 142nd to 111th, on the rank of Trading Across Border Index, Federal Board of Revenue (FBR) said here. The board had made trading across borders easier by focusing […]

FBR asked to brief MPs regarding annual tax collection target

ISLAMABAD-National Assembly Standing Committee on Finance and Revenue on Monday has directed the Federal Board of Revenue (FBR) to prepare a comprehensive presentation with way forward for achieving annual tax collection target during the current fiscal year. The FBR has termed the annual tax collection […]

FBR Integrated Strategy amply contributed to significant increase in exports

ISLAMABAD-Federal Board of Revenue has devised an Integrated Strategy which has amply contributed to significant increase in exports of Pakistan from $1.6 billion (in August, 2020) to $2.4 billion (in December, 2020). Growth in exports of Pakistan in December 2020 is up by 18.3 per […]

FBR sends tax notice worth 58m to Atif Aslam

The Federal Board of Revenue (FBR) sends tax notice worth Rs58 million to musician Atif Aslam. As per details, after auditing the singer’s 2018 income the FBR has allegedly sent him 58 million tax notices. The Tu Janay Na crooner has been a month’s extension […]

FBR urges traders, taxpayers to use E-payment facility

ISLAMABAD – In continuation of FBR reforms and modernization drive, E-Payment facility for payment of all FBR taxes as well as some provincial taxes have been introduced for convenient and hassle-free payment. On the one hand, traders can electronically pay all import duties and taxes through Customs […]

FBR urged to revise mandatory filing of taxpayers’ profiles

ISLAMABAD – Islamabad Chamber of Commerce and Industry (ICCI) has called upon the Federal Board of Revenue (FBR) to revise its policy for mandatory update of taxpayers’ profiles as it has created additional difficulties the business community. They said that it was discouraging the potential taxpayers from […]

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