Tag: <span>FBR</span>

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ICCI

 ICCI for promoting self-assessment scheme to improve tax revenue collection Islamabad : The Islamabad Chamber of Commerce & Industry (ICCI) has called upon the FBR to focus on promoting the self-assessment scheme in order to increase the tax base and tax collection of the country instead of installing the POS devices in business premises as...

Business Community
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Business Community

ICCI demands withdrawal of advance tax on pharma sector Islamabad : The Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to withdraw the advance tax imposed on pharmaceuticals in the budget 2021-22 as it would increase the prices of medicines and put more financial burden on the poor patients besides affecting...

Business News
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Business News

ICCI demands fixed tax regime for traders in next budget Islamabad Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce & Industry has called upon the government to introduce a fixed tax regime for traders in the upcoming budget and end the condition of CNIC for them on sale that would help in promoting documented...

FBR
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FBR

  IREN of RTO Rawalpindi Confiscates Counterfeit Cigarettes Islamabad : Inland Revenue Enforcement Network (IREN) Squad of Regional Tax Office, Rawalpindi, in a major counter-evasion operation, has seized two trucks which were illegally transporting non-tax paid counterfeit cigarettes for supply into local market. The trucks were loaded with 300 cartons of counterfeit cigarettes of Classic...

Business News
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Business News

ICCI asks FBR to defer tax collection from businesses during Covid-19 Islamabad : Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce & Industry (ICCI) lauded the decision of FBR for extending the deadline to furnish the taxpayer profile  up to 30th June 2021 as it would reduce pressures on taxpayers by giving them more...

19109
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Business Community calls for withdrawal of FBR notices under Sec-182 Islamabad : Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce & Industry (ICCI) said that the FBR was issuing notices under Sec-182 to the taxpayers to penalize them for late filing of income tax returns, however, this approach would be counterproductive as it would...

President orders FBR to recover Rs 14.421 Million in fake tax refund case
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President orders FBR to recover Rs 14.421 Million in fake tax refund case

ISLAMABAD: President Dr Arif Alvi on Friday rejected a representation, filed by Federal Board of Revenue (FBR) against the order of Federal Tax Ombudsman (FTO), in a case of bogus tax refunds worth over Rs 14 million made to a fake Registered Person (RP). The President directed FBR to recover the amount paid on the...

FBR LAUNCHES E-FILING OF APPEALS
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FBR LAUNCHES E-FILING OF APPEALS

Islamabad : Federal Board of Revenue has launched Electronic Filing of Appeals with effect from 1st January, 2021. Commissioner Inland Revenue (Appeals) is the first tier of appellate hierarchy provided in the Inland Revenue laws. Taxpayers aggrieved with the orders of Inland Revenue tax authorities file first appeal before the Commissioner (Appeals). Providing facility of...

Delay in implementation of Health Levy Bill by FBR
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Delay in implementation of Health Levy Bill by FBR

ISLAMABAD: Health is a fundamental right of people, the provision of which is the responsibility of the government. Global research over decades has shown that tobacco consumption, in any form, is hazardous for the health of individuals. It leads to various non-communicable diseases (NCDs) among its users, including cancer of different organs of the body.According...

Member FBR assures to address key issues of business community
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Member FBR assures to address key issues of business community

Islamabad: Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce & Industry (ICCI) along with Malik Sohail Hussain, former Senior Vice President ICCI and Chief Coordinator UBG FPCCI held a meeting with Dr. Muhammad Ashfaq Ahmed, Member (Inland Revenue-Operations), FBR in his office and discussed with him tax related issues of business community for redress. Dr....