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FBR traces 50,000 foreign bank accounts owned by Pakistanis

The accounts traced so far are being operated in Spain, Italy, France, Germany and other countries

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Supreme Court summons report on Aleema Khanum’s foreign assets

It also issued notices to the FBR chairperson and FBR’s member of the investigation team

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You can now file your tax returns by Dec 15

The government has extended the deadline

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FBR serves another 154 suspected tax defaulters notices

They bought 1800 cc vehicles, Rs20 million property but didn’t file tax returns

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Pakistan government to use Big Data and AI to find tax evaders

If done right, this will help widen the tax net in Pakistan and make tax auditors faster and more efficient

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Non-filers can’t buy new cars, property worth over Rs4m in Pakistan

Non-filer include both people who pay tax on their income and those who evade it

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Shaheen Air’s operations have been stopped because it can’t pay its debts

The country’s largest private airline owes Rs1.5 billion to the FBR and Rs1.4 billion to the CAA

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Govt likely to increase prices of mobile phones and imported cars in mini-budget

People on salaries are likely to see a cut in their pay cheques

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You are likely to pay more taxes because the govt is not doing its job

If the FBR were doing its job, it would be going after businesses that cook their books and show losses to avoid paying taxes

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Withholding tax – a menace for the people and a darling for the FBR

The FBR collected Rs1.6 billion from direct taxes last year, 65% of which was withholding tax

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Bank accounts of non-tax filers not frozen: FBR

The Federal Bureau of Revenue has clarified that it has not issued any instructions regarding freezing of bank accounts maintained by non-filers of income tax returns. “In order to allay the misconception being caused by a segment of print media regarding freezing of bank accounts held by non-filers of income tax return, it is clarified…

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The FBR is going after tax evaders with assets abroad

If you have assets abroad that you haven’t declared and didn’t avail the FBR’s tax amnesty scheme then you’re in trouble. The FBR is going to take action against people with undeclared assets abroad and tax evaders within Pakistan. The FBR had introduced the tax amnesty scheme to widen the tax net. As part of…

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65,000 people declare assets, FBR collects Rs110b in taxes

The PML-N-led government announced the tax amnesty scheme earlier this year

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Cellular phone consumers to get 100% credit on recharge

The cellular services consumers will get 100 % credit on the recharge of Rs. 100 prepaid card after midnight on Thursday. The consumers will enjoy the tax free mobile credit for 15 days on the orders of the Supreme Court. After 15 days, the FBR and service providers would devise a new mechanism to deduct…

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Govt to announce package of exports incentives soon: Miftah Ismail

Minister for Finance Miftah Ismail said an incentive package for exports would soon be announced. He was addressing post-budget news conference along with Special Assistant to Prime Minister on Revenue Haroon Akhtar in Islamabad today (Saturday). Finance Minister has dispelled the impression that expenditure of departments would increase during next financial year. He said efforts…

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Check out how much tax elite politicians paid last year

Have a look at the tax payment of some prominent politicians, including Nawaz Sharif, Shehbaz Sharif and Imran Khan, who undoubtedly own assets of billions of rupees. They pretend that they are worried about tax evasion in the country, but do their tax payments reflect it?

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Upcoming Budget 2018-19 to be pro-poor, business friendly

ISLAMABAD: Special Assistant to Prime Minister on Revenues, Senator Haroon Akhtar Khan here on Tuesday said that budget 2018-19 would be pro-poor, business-friendly and government would focus on the areas, which were not covered properly during the previous years. Addressing a launching ceremony of payment of taxes through banks, alternative delivery channels at Federal Board…

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FBR records 17.65% revenue growth in eight months

NEWS DESK: The Federal Board of Revenue (FBR) has recorded a provisional net revenue collection of over Rs2 trillion with an increase of around 17.65% during the first eight months of the current financial year, reported Radio Pakistan. In a statement, the FBR spokesperson said the provisional collection for the current month is Rs263 billion…

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