FBR extends sales tax, excise duty returns filing deadline
Authorities say only those who pay dues within prescribed period to benefit from extension
Authorities say only those who pay dues within prescribed period to benefit from extension
Sgnificant hike in penalties for tax evasion at point of sale (POS) systems is under consideration
Introduced in July 2024, excise duty stood at 3% for tax filers and 5% for non-filers
Move comes as Islamabad remains under pressure from IMF to broaden its tax base
Proposal backed by IMF to encourage investment in real estate sector
Revenue from FED hits Rs577bn with 56% growth in 2023-24
FBR has solicited proposals from a broad range of groups
Tickets to USA may be Rs350,000 less, while flights to Europe, Australia may cost Rs210,000 less
During first quarter, FBR collects Rs2,562bn in taxes, missing target of Rs2,652bn
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