FBR

Pakistan is set to Announce a Mini Budget to Generate about Rs200 Billion Additional Revenue to meet IMF Condition.

Pakistan is set to Announce a Mini Budget to Generate about Rs200 Billion Additional Revenue to meet IMF Condition.

The mini budget will be placed before and approved by parliament ahead of IMF final talks on 16.02.2023. The government is taking harsh taxation measures on the demand of the IMF to general more revenue for lower the fiscal deficit. Sources in FBR on 14.02.2023, said that the changes may be applicable from 15.02.2023, after …

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FBR Reduce 50% Customs Duty on Car Assembly Parts

FBR Reduce 50% Customs Duty on Car Assembly Parts

The Federal Board of Revenue (FBR) will charge a reduced rate of 15 percent customs duty on the import of components for the assembly/manufacture of new motor cars including station wagons and racing cars. The FBR issued SRO.02(I)/2022 to amend the SRO.656(I)/2006 here on Monday. As per an amendment notification issued by the revenue division, …

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Filing of tax returns: All FBR offices to remain open on 31st

Filing of tax returns: All FBR offices to remain open on 31st

ISLAMABAD: All of the Federal Board of Revenue’s (FBR) regional offices have been told to stay open on Saturday, December 31, to assist taxpayers with submitting returns and making payments at selected National Bank of Pakistan branches. In order to assist taxpayers in the payment of duties and taxes, all LT0s/MTOs/CTOs/RTOs shall remain open and …

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