Pakistan News

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  • FBR to launch new system for e-filing

    ISLAMABAD: The government has decided to launch a new automated system for e-filing of sales tax and federal excise returns to facilitate taxpayers...

    An official announcement of the FBR said that the new system will require early submission of sales invoice data, enabling buyers to claim input against the same...

  • FBR asked to extend tax filing deadline to Sept 30

    KARACHI: The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to extend the deadline for filing tax returns to Sept 30 as taxpayers are facing difficulties due to malfunctioning of the integrated risk information system (IRIS)...

    In a letter to FBR’s chairman, KTBA President Syed Rehan Hasan Jafri also raised the issue of long delay in finalisation and uploading of final draft in respect of tax returns...

  • FBR asked to defer e-filing of goods declaration

    KARACHI: The Karachi Customs Agents Association (KCAA) has urged the Federal Board of Revenue (FBR) to postpone the implementation of electronic filing of goods declarations (GD) until the stakeholders adapt to the technicalities of the system...

    The secretary general of the KCAA, Nadeem Kamil, pointed out that the FBR has made uploading of electronic import form (EIF) in web-based one customs (WeBOC) system mandatory from Sept 1,...

  • FBR proposes amendments to facilitate filing of income tax

    ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a separate tax slab for builders, developers and for incomes from property deals in the Finance Bill 2016 which will come into effect from July 1 subject to parliament’s approval...

    Three different rates are proposed for builders and developers in urban areas of Pakistan...

  • FBR fails to resolve e-filing problems

    KARACHI: The extension in the deadline for filing tax returns has not helped much as taxpayers and consultants continue to face difficulties in electronic filing through the newly launched Integrated Risk Information System (IRIS)...

    IRIS, launched earlier this month by the Federal Board of Revenue (FBR), is rife with glitches and continues to malfunction, users complain...

  • FBR tries warming traders to new e-filing system

    ISLAMABAD: The Federal Board of Revenue (FBR) was trying to warm up the business community of Islamabad towards e-filing...

    FBR’s senior officials visited the Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday to highlight the importance of e-filing and answered questions raised by members of the business community...

  • FBR sells e-filing system to traders

    ISLAMABAD: The Federal Board of Revenue (FBR) was trying to warm up the business community of Islamabad towards e-filing...

    FBR’s senior officials visited the Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday to highlight the importance of e-filing and answered questions raised by members of the business community...

  • FBR extends deadline for filing WHT statements

    KARACHI: The Federal Board of Revenue (FBR) has extended the date of filing of withholding tax statements to Oct 8...

    The FBR has allowed this extension under the provisions of Section 165(2) of the Income Tax Ordinance, 2001and power conferred under Section 214A, said an announcement...

  • FBR’s e-filing system malfunctions

    KARACHI: The Karachi Tax Bar Association (KTBA) has once again drawn the attention of the Federal Board of Revenue (FBR) towards malfunctioning of its e-filing system and demanded the Oct 31 deadline be extended further for filing of tax returns...

    The KTBA pointed out that the Integrated Revenue Information System (IRIS) – being used for e-filing – is creating problems in preparing tax returns and wealth statements for the tax year...

  • FBR asked to extend tax return filing date

    KARACHI: Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to extend the date for filing income tax returns and wealth statements for tax year 2018...

    In a letter addressed to chairman FBR Dr Muhammad Jahanzeb Khan, the PTBA President Abdul Qadir Memon argued that multiple amendments have been made to the income tax return and wealth statement forms during 2018 up until the date of uploading the forms...

  • FBR to launch mobile app for tax return filing

    ISLAMABAD: With the introduction of new tax return forms for tax year 2019, the Federal Board of Revenue (FBR) has decided to launch ‘Income Tax Return App’ next week to help individuals and businesses file their tax returns...

    The new electronic form for individuals, salaried individuals and association of persons for tax year 2019 will also be uploaded on the FBR website after making necessary amendments...

  • Abbasi orders FBR to simplify tax return form

    ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday directed the Federal Board of Revenue (FBR) to simplify the tax return form to minimum possible size for the ease of citizens and tax filers...

    The government had promised at many forums to introduce a single page return form but it was never implemented...

  • FBR waives I-form condition for September

    ISLAMABAD: The Fed­eral Board of Revenue (FBR) has waived the condition of import form (I-form) for the current month on all kinds of imports from Iran and Afghanistan via land route...

    The decision was reached in a meeting between a delegation of businessmen, led by former vice-president of the Federation of Pakistan Chambers of Commerce and Industry Zubair Tufail, and FBR Chairman Nisar Khan, an official source told Dawn on...

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