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Islamabad, June 20, 2012 (PPI-OT): FBR takes yet another taxpayer facilitation measure by simplifying income tax return forms which include; Return Form for Individuals and AOPs (IT-2 Form), Corporate Return Form for Companies (IT-1 Form), Wealth Statement Form (WS1/2 Form), and Wealth Reconciliation Form (WS 2/2 Form). Whereas, a new …
Read More »Federal Board of Revenue waives off Penal Surcharge on overstayed goods
Islamabad, June 19, 2012 (PPI-OT): In a bid to provide relief to the business community, FBR has decided here today to further extend warehousing period and waive off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses up to 30th June, 2012. This measure will facilitate …
Read More »Default Surcharge and Penalty Waiver Scheme Extended up to 25th
Islamabad, June 07, 2012 (PPI-OT): FBR has decided to extend the date for availing the “Default Surcharge and Penalty Waiver Scheme” under SRO-547(I)/2012 and SRO-548(I)/2012 upto 25th June 2012, in view of the positive response of the taxpayers for availing the said scheme. FBR had earlier announced a “Default Surcharge …
Read More »PPI Original Text (PPI-OT) – Extended working hours of State Bank of Pakistan field offices, NIFT and National Bank of Pakistan on 31st May, 2012
Islamabad, May 30, 2012 (PPI-OT): As requested by the Federal Board of Revenue, the State Bank of Pakistan has issued instructions to SBP BSC field offices, to NIFT and to NBP to remain open for extended hours till 8:00pm (2000 hrs) on 31st May 2012, to facilitate trade and industry …
Read More »PPI Original Text (PPI-OT) – Federal Board of Revenue Intensifies Efforts to Recover Withholding Tax
Islamabad, May 26, 2012 (PPI-OT): The Federal Board of Revenue has identified 119,870 non-filer salaried persons, drawing annual salary of more than 5 lacs. They were required to e-file their Returns of Income for tax year 2011 on e-portal of FBR but they did not discharge their legal obligation on …
Read More »PPI Original Text (PPI-OT) – Federal Board of Revenue provides relief to business community by extending warehousing period and waiving off penal surcharge on overstayed goods
Islamabad, May 22, 2012 (PPI-OT): The Federal Board of Revenue has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses. This measure has been taken to facilitate the trade and industry and …
Read More »Federal Board of Revenue concentrates on Withholding taxes–action envisaged against defaulting Withholding agents
Islamabad: The FBR has decided to re-inforce its resources on monitoring of Withholding Taxes. The Tax Reform Coordination Groups was also apprised of the campaign being launched for this purpose during its meeting held in FBR on 1st May, 2012. The Income Tax and Sales Tax laws provide the prescribed …
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