The Federal Board of Revenue (FBR) has mandated that state-owned enterprises (SOEs) must resolve their tax-related disputes through the Alternate Dispute Resolution Committees (ADRCs). This requirement was formalized through the…
The Federal Board of Revenue (FBR) is expected to increase the valuation rates of immovable properties in 42 cities this month to align them with the fair market value. The…
President Atif Ikram Sheikh of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has criticized the Federal Board of Revenue (FBR) for its inability to meet tax collection…
The Customs Classification Committee of the Federal Board of Revenue (FBR) has determined that an 11 percent customs duty will be applicable on the import of 4G MiFi modems and…
The Federal Board of Revenue (FBR) cannot legally impose penalties on taxpayers classified under the newly introduced “Late Filers” category, according to tax experts. This category, created through the Finance…
The Federal Board of Revenue (FBR) has clarified that Olympian Arshad Nadeem’s prize money will not be subject to income tax or withholding tax. In a statement to NetMag, FBR…
The Federal Board of Revenue (FBR) has been authorized to set the value of imported (retail price) items for the purpose of sales tax at a higher rate of 130…
The Prime Minister has established a 10-member Task Force on digitalization under the chairmanship of State Minister for Finance and Revenue, Ali Pervaiz Malik. According to the letter, the Prime…
The Federal Board of Revenue (FBR) has instructed certain categories of sales tax registered individuals to undergo biometric re-verification at the National Database and Registration Authority (NADRA) by August 31,…
The Sindh High Court (SHC) has temporarily suspended a notification from the Federal Board of Revenue (FBR) that ordered the transfer of senior tax officials to the “Admin Pool.” According…
