ISLAMABAD - Mulling over granting Federal Board of Revenue unbridled powers to intrude into the privacy of every bank account holder, the government is set to introduce an extremely controversial tax law to give FBR sweeping authority to conduct surveillance on bank accounts. The government in the ...

ISLAMABAD- The Islamabad High Court on Wednesday set aside the appointments of Ali Arshad Hakeem as chairman of the Federal Board of Revenue and secretary of the Revenue Division by declaring the same as illegal and unconstitutional. Justice Shaukat Aziz Siddiqui handed down the verdict on a ...

ISLAMABAD -  After failing to introduce mini budget through presidential ordinance, the Federal Board of Revenue (FBR) has decided to issue statuary regulatory orders (SROs) to disallow input tax adjustment on construction material including building materials like cement, bricks, paints, ...

Lahore -The federal budget 2013-14 is based on theme of revival of the economy, however under filers, tax evaders and those involved in under-invoicing would not be spared. This was stated by the chairman Federal Board of Revenue Ansar Javed while talking to the LCCI President Farooq Iftikhar on ...

Federal Board of Revenue (FBR) has advised the taxpayers and general public not to send their bank account details and password to emails received from any email address that is apparently from FBR.Any link to any bank is not provided on FBR's website and FBR would never ask for your bank details ...

Lahore - Federal Board of Revenue Chairman Ansar Javed has withdrawn weekly holiday and directed all its attached relevant offices to work even on Sunday till June 30 for budget preparation.Chief Collector Customs Lutfullah Virk told APP here that all collectorates of customs in Faisalabad, Multan ...

Lahore -Federal Board of Revenue Chairman Ansar Javed has taken serious notice of concealing invoices, under-invoicing and under assessment of containers carrying imported goods.FBR sources told APP that DG Audit, Customs Muhammad Ikram Khan pointed out to FBR chief the serious gross irregularities ...

Lahore - The continuity of Federal Board of Revenue chairman Ansar Javed till the end of June would help continue the smooth budget-making exercise, creating no disruption in revenue generation process near the end of fourth quarter of 2012-13.FBR Union central president Mian Abdul Qayyum said that ...

ISLAMABAD  - Federal Board of Revenue Chairman Ansar Javed Wednesday denied the news that government has increased the standard rate of general sales tax (GST) by 1 per cent through presidential ordinance."There are several such ecommendations but President did not issue any ordinance that ...

    islamabad   The Federal Board of Revenue (FBR) is mulling for unfriendly taxation measures in the budget for the next financial year 2013-14 that included increase in general sales tax by one percent; increase GST on sugar and to impose federal excise duty on several ...

LAHORE - FBR Chairman Ansar Javaid on Saturday directed all tax collectors to broaden the tax net and make all-out efforts to achieve the revenue targets.While chairing two separate high level meetings of all tax collectors based in Punjab province, the FBR chief reviewed thoroughly their targets ...

islamabad - The FBR has extended the date for filing various tax returns up to May 20 (Monday) to facilitate the taxpayers. The extension has been given for  the payment of taxes or duty and filing of sales taxes and federal excise duty returns for the period of April 2013 for all registered ...

ISLAMABAD - The Federal Board of Revenue (FBR) is struggling to achieve the revised revenue collection target of Rs 2,050 billion during the ongoing financial year 2012-13 owing to the slowdown in the economy due to the energy crisis and poor law and order situation.The FBR has collected Rs 1510 ...

ISLAMABAD : -For the redressal of taxpayers' grievances and to facilitate them, a cell under Section 7 of the FBR, Act, 2007 is already functioning under Member (FATE). On the instructions of Dr Shahid Amjad Chaudhry, Adviser to Prime Minister on Finance, Revenue, Economic Affairs, Statistics and ...

ISLAMABAD  -  A group of sixty-nine senior civil servants participating in the 98th National Management Course (NMC) and faculty of National School of Public Policy (NSPP) visited Federal Board of Revenue (FBR) house.Member Facilitation & Taxpayers’ Education (FATE) Riffat ...

LAHORE : It is a coincidence that two deputy chairmen of the Federal Board of Revenue, an apex state tax collection body in the country, retired on April 30 on attaining the age of superannuation.FBR sources told APP here on Tuesday that Deputy Chairman Shahid Rahim Sheikh joined as Assistant ...

LAHORE : FBR Monday sought proposals from the FPCCI and its affiliated chambers  for the national annual budget 2013-2014.  Chairman FBR Ansar Javed told APP here today that FPCCI and all its affiliated chambers have been asked to submit viable suggestions and proposals for consideration ...

LAHORE : Chairman FBR Ansar Javed Sunday committed that FPCCI will be fully taken into confidence on budget and other taxation proposals. Talking to 20 members high level delegation of traders drawn from all over the country led by VP SAARC Chamber of Commerce and Industry, Iftikhar Ali Malik here ...

LAHORE - The Lahore High Court learnt on Thursday the Election Commission of Pakistan, Federal Board of Revenue and others were not producing details about 1,329 election candidates who defaulted on taxes, utility bills, agriculture or other government dues. A full-court bench, headed by Justice ...

The Federal Board of Revenue (FBR) has reshuffled tax officers with transfers and postings of 18 high-ranking officers in last few days.Sources informed that reshuffle in FBR was expected with new chairman took the charge of the tax department. The notification revealed three officers of Pakistan ...

ISLAMABAD - The Federal Board of Revenue (FBR) has constituted two task forces to formulate policy measures to increase revenue, enhance efficiency in tax department and bring more transparency in tax administration.According to a notification, the FBR chairman has constituted two task forces ...

LAHORE - The FBR has launched a new tax collection system at nine Customs Stations all over the country despite many flaws in the system.The department has implemented Web Based One Custom System (WeBOC) for all exports and imports on all Customs Stations in the country from March 08, 2013, ...

ISLAMABAD - Taking serious notice of the fall in revenue collection in nine months (July 2012 to March 2013), Federal Board of Revenue (FBR) Chairman Ansar Javed on Monday directed that remedial strategies be made to ensure collection of the assigned targets for the last quarter ending June 30, ...

LAHORE – A full bench of the Lahore High Court on Friday directed the Federal Board of Revenue to make information regarding defaulters’ candidates available for public on its website by April 17 and also inform the Election Commission of Pakistan of it.The bench, headed by Justice ...

LAHORE - The Lahore Chamber of Commerce and Industry (LCCI) has congratulated the newly appointed Chairman Federal Board of Revenue (FBR) Ansar Javed and invited him to visit LCCI to share his future plans with the business community.In a letter to the FBR chairman on Wednesday, the LCCI President ...

ISLAMABAD - The caretaker government on Wednesday appointed Ansar Javed (Grade-22 officer of Inland Revenue Service) the new chairman of the Federal Board of Revenue (FBR) with immediate effect.“In pursuance of the Establishment Division’s notification issued on Wednesday, Ansar Javed ...

ISLAMBAD - At a time when tax machinery has to collect Rs 782 billion in last quarter (April-June) of the ongoing financial year to reach the annual tax collection target, the government has given the charge of chairman Federal Board of Revenue (FBR) to Shahid Rahim Sheikh of customs group on ...

ISLAMABAD - Islamabad High Court (IHC) Monday barred Chairman Federal Board of Revenue (FBR) Ali Arshad Hakeem from performing duties as chairman FBR by suspending the notification of his appointment issued by the establishment division on July 10 last year.IHC Justice Shaukat Aziz Siddiqui issued ...

ISLAMBAD – The Federal Board of Revenue (FBR) Sunday clarified that no new tax imposed on cell phones as is wrongly being portrayed by some quarters.“The impression being created by certain vested interests that the government has levied a new tax on cell phone is baseless and devoid of ...

Every year the government fixes tax revenue targets but fails to reach the mark. Tax-to-GDP ratio has been stagnant at 9 percent, over the last few years, which is significantly low to attain any kind of economic growth. Due to this perpetuating fiscal deficit, Pakistan external debts have ...