The Federal Board of Revenue (FBR) on Friday said that it will repay the excess amount of duty and taxes paid on the import of mobile phones due to a glitch in the system. An FBR statement said the issue will be resolved on Saturday afternoon after making necessary changes in
Tag: FBR
FBR Launches Online Electronic Hearing of tax Audits, Assessment Cases to Facilitate Taxpayers
Fedral Board of Revenue has launched online electronic hearing of tax audits and assessments cases to facilitate the taxpayers. According to an FBR Press release, the module enables online hearing both from the dedicated hearing rooms established in the field formations and the places of the taxpayers. Such e-Hearings would be recorded
FBR Launches Automated Cargo Scanning at Ports
Pakistan Customs has launched a new automated scanning facility for containerized import consignments of industrial raw materials for speedy clearance, a statement said on Wednesday. The new system has been introduced in WeBOC system. The introduction of Non-Intrusive Inspection System by Customs was a long awaited initiative aimed at replacing physical
Date Extended up to June 30 for Updating Tax Profile
FBR Reduces Penalty Rates for Late Filers
Update Your Tax File Profile Before Deadline or Declare as Non-Filer: FBR
According to the report of ARY News, the FBR directed the tax filers to update their profiles, otherwise the said persons will be declared as non-filers. According to the sources, the filers have to update the contact number, email id, sources of income, profile, filers must also state the business name,
FBR to Introduce Track and Trace System to Stop Tax Evasion
Prime Minister Imran Khan on Tuesday said that Federal Board of Revenue (FBR) is introducing track and trace system to stop tax evasion in some major sectors of the economy. PM Imran Khan, while addressing meeting of federal cabinet, said that lack of automation is primary reason behind tax theft which forces government
No Sale to be Allowed Without Tax Stamp: FBR
Federal Board of Revenue (FBR) on Thursday said that no product would be allowed to be removed from a production site without affixation of tax stamps with effect from July 01, 2021. The tax stamps to be obtained/procured from and applied by FBR’s Licensee M/s. AJCL/MITAS/Authentix Consortium. The FBR said that after
FBR Develop Strategy to Combat Fake Invoices
Federal Board of Revenue (FBR) to review performance of tax offices regarding action taken against fake and flying invoices which caused huge monetary losses to the exchequer in the shape of issuance of bogus sales tax refunds. Sources on Saturday said that FBR chairman Muhammad Javed Ghani would chair an important
FBR Announces Last Date for Taxpayers to Update Profile in ATL and Skip Fine
Taxpayers have been advised to update their profile by March 31, 2021, to avoid penalty and exclusion from Active Taxpayers List (ATL). The last date for updating the profile was December 31, 2020, which was extended by the Federal Board of Revenue (FBR) up to March 31, 2021, considering the problems