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Tag: FBR

FBR To Launch Single Sales Tax Portal to Facilitate Taxpayers

Business Feature Writer
The Federal Board of Revenue (FBR) has developed a single sales tax portal to facilitate taxpayers and ensure ease of doing business (EoDB), which is the outcome of various rounds of negotiations...

FBR Extends Working Hours to Facilitate Filers

Business Feature Writer
The Federal Board of Revenue on Tuesday announced an extension in the working hours of its offices to facilitate income tax filers. According to a statement by the tax authority, the relevant...

Non-filers Get Ready for Suspension of Phone, Gas, Power

Business Feature Writer
Persons fail to file their annual tax returns by September 30, 2021 may face blockage of mobile phone service or disconnection of gas and electricity. The Federal Board of Revenue (FBR) has made it clear that date...

Two Years Jail for Income Hiding From Tax Authorities

Business Feature Writer
Income Tax Ordinance, 2001  has prescribed two years imprisonment to a person who concealed income from tax authorities. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments...

Penalty amount doubles for non-filer salaried persons

Business Feature Writer
The Federal Board of Revenue (FBR) will recover a minimum amount of Rs10,000 as a penalty from salaried persons, who failed to file an income tax return during a tax year. The minimum penalty has been increased...

FBR reiterates not to extend return filing date

Business Feature Writer
Federal Board of Revenue (FBR) on Friday reiterated its resolve for not extending the last date for filing annual returns beyond September 30, 2021. In a statement, the FBR said that improvement of tax...

FBR tightens noose around electricity, gas consumers

Business Feature Writer
The Federal Board of Revenue (FBR) has issued 650,000 notices to consumers of electricity and gas, who are not in the tax net, in its efforts to enhance tax compliance. The FBR said that data has been...

Here is Advance Tax Rate List For Car Registration 2021-2022

Auto Feature Writer
Federal Board of Revenue (FBR) has issued rates of advance tax on registration or transfer of motor cars. The provincial motor vehicle authorities deduct advance tax under Section 231B of Income Tax Ordinance, 2001 from persons...
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