Tag Archives: FBR

How To File Your Income Tax Returns Online : A Step-by-Step Guide

5783 Point of Sales Integrated with FBR System

The Federal Board of Revenue (FBR) is coming to the aid of taxpayers facing challenges in meeting the initial income tax return deadline. While there is speculation about a possible one-month extension, the official word from the FBR remains constant – the deadline is until September 30th. As of now, …

Read More »

How FBR Ensures Efficient Taxpayer Support and Issue Resolution?

FBR to hold online open court for resolving taxpayers’ problems

The Federal Board of Revenue (FBR) is dedicated to providing the highest level of support and assistance to taxpayers. Timely resolution of issues raised by taxpayers is a top priority for FBR. Recently, the Karachi Tax Bar Association (KTBA) submitted a letter to FBR, outlining certain concerns related to the …

Read More »

FBR launches IRIS 2.0

FBR to hold online open court for resolving taxpayers’ problems

Chairman Federal Board of Revenue (FBR) Asim Ahmad on Thursday launched IRIS 2.0, an upgraded version of the tax filing system developed by Pakistan Revenue Automation Limited (PRAL). On this occasion, Member Inland Revenue (IR) Operations, Member Information Technology (IT) , Chief Executive Officer PRAL and heads of IR and …

Read More »

FBR extend date for filing tax returns till Oct 31

FBR to hold online open court for resolving taxpayers’ problems

The Federal Board of Revenue (FBR) has extended the date of filing of income tax returns up to October 31st, 2022. According to a press release issued here on Friday, the FBR extended the date in view of current flood situation in the country and request from various trade bodies, …

Read More »

FBR fixed tax system in consultation with businessmen

5783 Point of Sales Integrated with FBR System

Member Inland Revenue (IR) Operations, Federal Board of Revenue (FBR), Malik Amjad Zubair Tiwana has said that with the consultations of business community/retailers, the federal government was bringing fixed tax system, which would prove a milestone for improvement in the national economy. He was addressing a video link conference of …

Read More »

FBR collect net revenue of Rs 458 billion during July 2022 

FBR to hold online open court for resolving taxpayers’ problems

The Federal Board of Revenue (FBR) collected net revenue of Rs 458 billion during July 2022, which exceeded the target of Rs 443 billion.  According to the provisional revenue collection figures for the month of July, 2022 released by FBR on Sunday, the board commenced the current Financial Year 2022-23 …

Read More »

FBR creates history, exceeds revenue collection target of Rs.6.1 trillion in FY22 

FBR to hold online open court for resolving taxpayers’ problems

The Federal Board of Revenue (FBR) has created history by exceeding the revenue target set for the current fiscal year and collected tax of Rs6,125 billion during July-June (2021-22). The collection exceeded the revised target of Rs.6,100 billion by Rs25 billion, according to provisional figures released by the board here …

Read More »

Govt urged to bring non-filers into tax net

5783 Point of Sales Integrated with FBR System

Pakistan urgently needs a wider tax base through documentation and by netting millions of identified non-filers and tax evaders to pocket hefty pilfer-aged revenue rather than over burdening the existing bonafide tax payers. Talking to a delegation of traders from Vehari led by Ch Zahid Iqbal Arain, former vice president …

Read More »

FBR Clarifies News Item Captioned “IT Industry Abandoned in the Budget 2022-23” 

FBR to hold online open court for resolving taxpayers’ problems

Federal Board of Revenue(FBR) has taken an exception to a statement issued by Pakistan Software Houses Association (P@SHA) dated 25th June, 2022. It has reported some facts regarding the exemptions/tax incentives / facilitation given to the IT and IT enabled export services through the Federal Budget 2022, tabled in the …

Read More »

Fifth Computerized Ballot for POS Invoicing Prize Scheme Held at Lahore

5783 Point of Sales Integrated with FBR System

Continuing with monthly computer ballot for its innovative POS Invoicing Prize Scheme, Federal Board of Revenue (FBR) successfully organized fifth successive lucky draw at Lahore, last evening. In addition to 1007 lucky winners winning prizes worth Rs. 53 Million, another 10 individuals won prize of Rs.100,000 each, sponsored by Metro …

Read More »