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

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

The government has extended the deadline

Fawad Chaudhry briefed media on Thursday

A business is also registered in his name

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

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

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

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

The FBR has issued notices to these people

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

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

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

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…

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…

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

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…

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…

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?

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…

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…