Karachi, Federation of Pakistan Chambers of Commerce & Industry FPCCI says Federal Board of Revenue should withdraw Sales Tax multiple rate and apply 9% uniform rate for all products. This will not decrease revenue of government as smuggling [...]

Lahore, Pakistan Association of Automotive Parts & Accessories Manufacturers PAAPAM in its budget proposals demanded of government to bring all untaxed sectors into tax net including agriculture, instead of twisting existing tax payers arm. It [...]

Karachi,  Federal Board of Revenue FBR and Institute of Accountants of Pakistan ICAP agreed on broadening tax base via SRO 191. FBR Chairman Mumtaz Haider Rizvi, Shahid H. Asad, Member Inland Revenue, all Chief Commissioners from large taxpayers [...]

Karachi, Overseas Investors Chamber of Commerce & Industry OICCI once again stressed need to document and tax all sectors of Pakistan economy to broaden tax base and eradicate tax evasion. To ensure documentation of all segments of economy [...]

Karachi :  Vice President (Elect) & Chairman FPCCI Standing Committee on Liaison with FBR Shakeel Ahmed Dhingra appreciated Shahid Asad Member Inland Revenue, FBR for taking immediate action and issuing clarification to charge withholding [...]

Karachi,  Shaikh Shakeel Ahmed Dhingra Vice President FPCCI (Elect) & Chairman FPCCI Standing Committee on Liaison with Federal Board of Revenue FBR Thursday said FBR accepting long outstanding demand of FPCCI, has relaxed condition of [...]

Islamabad, The government is determined to bring 700,000 evaders into tax net, Finance Minister Dr Abdul Hafeez Shaikh said on Tuesday. We will go after 700,000 evaders and collect taxes from them as nation cannot progress without tax collection [...]

ISLAMABAD,The FBR authorities have caught Philip Morris Pakistan Ltd. (formerly Lackson Tobacco Company) for massive tax evasion during the import of one of their imported brands Marlboro by under-invoicing. According to officials, FBR has levied [...]

ISLAMABAD, Federal Board of Revenue (FBR) has extended the date of filing of income tax returns along with payment of tax for the Tax Year 2011, says a statement issued here on Tuesday. The Returns of Total Income/Statements of final taxation [...]

ISLAMABAD, The Pakistan Economy Watch (PEW) on Friday said FBR need to win confidence of taxpayers to overcome image problem and tackle menace of low revenue collection. Taxpayers see FBR with suspicion which is an obstacle in national development; [...]