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Growth of 10.4 percent in taxes and duties collection till April 2020

May 1, 2020 | General, Official News

Islamabad, May 01, 2020 (PPI-OT): Federal Board of Revenue has released the information about the taxes and duties collected in the month of April 2020. According to official figures, 256.679 billion taxes and duties have been collected in April 2020 …

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FBR requests taxpayers to provide IBAN for electronic transfer of refunds

April 22, 2020 | General, Official News

Islamabad, April 22, 2020 (PPI-OT): FBR has devised a centralized system of online payment of Sales Tax, FED and Income Tax refunds directly in the bank account of the taxpayers. For this purpose, FBR has requested the taxpayers to update …

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FBR seeks IBAN of exporters bank accounts for online payment of Customs Duty Drawback

April 10, 2020 | General, Official News

Islamabad, April 10, 2020 (PPI-OT): Federal Board of Revenue has devised a centralized system of online payment of Customs Duty Drawback directly in the bank account of the Exporters. For this purpose, FBR has required from the exporters to update …

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Rs. 56 Billion refund claims sanctioned by FBR through FASTER

April 1, 2020 | General, Official News

Islamabad, April 01, 2020 (PPI-OT): Federal Board of Revenue has released the information about refund claims sanctioned through FASTER (Fully Automated Sales Tax e-Refund) system developed for quick processing of refunds due to exporters. Since July 2019, Refund Claims amounting …

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FBR appeals Taxpayers to pay taxes and help the Government in war against Corona

March 31, 2020 | General, Official News

Islamabad, March 31, 2020 (PPI-OT): Federal Board of Revenue has issued a statement wherein it has been appealed to the taxpayers to pay their due taxes in time to increase the revenue resource of the Government. The government will utilize …

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FBR to devise a transparent central system for issuance of refunds

March 31, 2020 | General, Official News

Islamabad, March 31, 2020 (PPI-OT): Federal Board of Revenue has stated that in compliance of decision taken by Federal Government to address the grievance of business community, the FBR is in the process of devising a transparent centralized system for …

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FBR issues clarification on fake refund payment

March 11, 2020 | General, Official News

Islamabad, March 11, 2020 (PPI-OT): Federal Board of Revenue has issued a clarification on the news item about loss of revenue caused due to issuance of refund claims on fake registration by FBR published by some section of press and …

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FBR achieved 17% revenue growth till January, 2020

March 8, 2020 | General, Official News

Islamabad, March 08, 2020 (PPI-OT): Federal Board of Revenue has stated that revenue has grown by 17% with additional revenues of Rs.345 billion over last year. In the current Fiscal Year 2019-20, out of target of Rs.920 billion for the …

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No further extension in date of filing Income Tax Returns for Tax Year 2019

February 28, 2020 | General, Official News

Islamabad, February 28, 2020 (PPI-OT): Federal Board of Revenue has announced that there would be no further extension in the date of filing Annual Income Tax Returns for Tax Year-2019. The FBR would update the Active Tax Payers List from …

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FBR clarifies news about sales tax refunds and sales tax collection

February 27, 2020 | General, Official News

Islamabad, February 27, 2020 (PPI-OT): Federal Board of Revenue has issued a clarification on the news item titled “stuck refunds pile up to Rs 100 bln in eight months” published in a section of the press and has stated that …

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MoU on cooperation on Trade and Customs signed between Turkish Ministry of Trade and FBR 

February 15, 2020 | Official News

Islamabad, February 15, 2020 (PPI-OT):A Memorandum of Understanding (MoU) has been signed between the Ministry of Trade of the Republic of Turkey and Federal Board of Revenue on trade facilitation and customs cooperation matters in Prime Minister House. The MoU …

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FBR clarifies news about NLC’S handling at Torkham Border Terminal 

February 12, 2020 | General, Official News

Islamabad, February 12, 2020 (PPI-OT):Federal Board of Revenue has issued a rebuttal on a news item published in a section of the press questioning about the quality of services at Torkham Border Terminal. FBR has clarified that impression of lack …

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