FBR starts targeting High Net Worth Individuals, Notices to be sent to 135,000 person

The Mint PK

Comprehensive source of Business, Lifestyle and Technology news from Pakistan

FBR likely to send notices to 100,000 Non-Filers

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has told a news outlet that FBR is ready to send notices to those people who own a house of more than 500 square yards or a vehicle over 1,000cc and doesn't file taxes. Previously, the government

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Pakistan’s Mobile Imports fall by 11%

Pakistan imported mobile phones worth $755 million Imposition of Custom Duties and Taxes led to a decline in Imports Pakistan imported mobile phones of around $755 million during July-2018 to June-2019 period compared $847million during July-Ju

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CNIC made mandatory on Sales of Over Rs. 50,000: FBR

The Federal Board of Revenue has issued a Sales Tax Circular where provisions have been made making it compulsory on the general public to show Computer National Identity Card in case of purchases over Rs50,000 from a registered sales tax seller. An

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FBR to launch consolidated Salex Tax Portal

In a major development towards ease of doing business initiative, the Federal Board of Revenue (FBR) and all the provinces have agreed to implement a single online portal for taxpayers to file their sales tax returns. The portal will be launched by

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CNIC requirement for Buyers may slow down economy

Amendments in the Sales Tax Act now requires businesses to obtain CNIC from buyers purchasing goods worth more than Rs. 50,000 Overall Tax collection and GDP growth expected to take a hit as the economic activity slows down In order to document

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