Tag: FBR

FBR Extends Tax Exemption on Import of COVID-19 Equipemnt

Federal Board of Revenue (FBR) on Wednesday extended sales tax exemption on import of medical equipment and machines aimed at tackling the spread of coronavirus pandemic. The FBR has issued a detailed notification...

FBR Launches Prize Scheme for POS Customers

Federal Board of Revenue (FBR) on Monday launched prize scheme for customers of retailers, who integrated their sales through Point of Sales (POS) with the tax system. The FBR issued SRO 1005(I)/2021 for launching the prize scheme for customers of tier-1 retailers, who have...

FBR to Register Housing Societies and Jewellers

The Federal Board of Revenue will register housing societies and jewellers, says FBR’s Faisalabad Chief Commissioner Mahmood Hussain. Addressing a press conference along with additional commissioner (headquarters) Asif Rafiq, deputy commissioner Inam Qadir...

FBR Directs Car Manufacturers to Pay Penalty on Late Delivery

In order to avail concessionary rate of duty and taxes, the Federal Board of Revenue (FBR) has made it mandatory for car manufacturers to pay KIBOR+3 on late delivery of motor vehicles. In...

FBR Given Right to Arrest Persons on Concealment Above Rs25 Million

The Federal Board of Revenue (FBR) has been empowered to arrest a person for concealing above Rs25 million under code of criminal procedure. Through Finance Act, 2021 a new section 203B has been...

FBR Announces Reduction in Sales Tax Rates on Petroleum Products

Federal Board of Revenue (FBR) has announced reduction in sales tax rates on supply of petroleum products in order to ensure availability of fuel at lower rates. The FBR issued SRO 807(I)/2021 dated...

Tehzeeb Bakery to Pay Rs. 1 Million Fine

The Federal Board of Revenue (FBR) has imposed a fine of Rs. 1 million on “Tehzeeb Bakers” for failing to connect their retail outlets with FBR’s Point of Sale (POS) system. As per...

Govt Impose Tax After 5 Minutes on Mobile Calls, Aims to Collect Rs 20 to 30 Billion Revenue

The government’s decision to impose an additional 75 paisa tax after 5 minutes on mobile call will now roughly cost Rs 2.72 instead of previous Rs 1.97 thus the FBR has estimated...
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