[ad_1] Listen to article KARACHI: President of the Karachi Chamber of Commerce & Industry (KCCI) Jawed Bilwani and Chairman of the Businessmen Group Zubair Motiwala, while strongly criticising the newly enacted Sections 37A and 37B of the Sales Tax Act — which grant sweeping arrest powers to FBR officials — urged the government to immediately repeal these … Read more
[ad_1] Listen to article KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has strongly criticised the Federal Board of Revenue (FBR) for what he termed its authoritarian conduct and disregard for the Business Anomalies Committee, comprising presidents of chambers and trade bodies from across Pakistan. Following extensive consultations with its members, … Read more
[ad_1] ISLAMABAD: The Federal Board of Revenue has extended the deadline for both corporate and non-corporate sectors to integrate their invoicing and sales transaction software with FBR’s computer system through PRAL or any FBR-licensed service provider. Registered taxpayers in the corporate sector are now required to connect their software with the FBR system starting July … Read more
[ad_1] Listen to article KARACHI: Owing to massive inflation-driven increases in nominal collections, sharp currency depreciation, and a greater reliance on indirect taxes, the Federal Board of Revenue (FBR) has achieved its annual revenue growth rise from an average of 18% over the past decade to 24% in the recent five years. The FBR has demonstrated a … Read more
[ad_1] ISLAMABAD: As the Finance Bill 2025 undergoes debate in the National Assembly and within business circles, concerns have emerged regarding certain proposed amendments to tax laws. Several reports in the digital and print media suggest a lack of clarity and public understanding surrounding some key provisions. A particular point of contention involves the proposed … Read more
[ad_1] The National Assembly Standing Committee on Finance on Thursday directed the Federal Board of Revenue (FBR) to incorporate safeguards before closing bank accounts of unregistered businesses, amid widespread tax evasion and underreporting by businesspeople. The committee, which met here with its chairman Syed Naveed Qamar in the chair, reviewed the FBR's proposed measures to … Read more
[ad_1] RAWALPINDI: A group involved in the sale of non-custom paid foreign cigarettes attacked a team from the FBR and Customs Inland Revenue in the Ganjmandi area of Rawalpindi, injuring four officials before fleeing the scene. A case has been registered. According to police, Assistant Director Shujaat from the Regional Tax Office stated that while … Read more