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Tag Archives: refunds

FBR collects Rs750 billion during July-Oct

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs750 billion during July-October this year against Rs661 billion in corresponding period of 2013-14. Sources said that during July to October 2014, FBR collected Rs265 billion as direct taxes, Rs355 billion as sales tax, Rs47 billion as federal excise duty and Rs86 billion customs duty. During the month of October this year, ... Read More »

LCCI urges FBR to issue refunds immediately

LAHORE: The Lahore Chamber of Commerce and Industry has demanded the chairman of the Federal Board of Revenue (FBR) to release the sales tax and income tax refund claims as soon as possible. In a statement, LCCI Vice President Syed Mahmood Ghaznavi said that delay in sales tax and income tax refunds is hitting businesses hard. He said that the ... Read More »

FBR releases Rs 1.7 billion refunds to textile millers

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-I has released Rs 1.7 billion refunds to the textile sector in connection with a commitment in the budget 2014-15. Sources said that the RTO had release Rs 600 million to the textile sector by Sep 23 and the remaining 1.1 billion were released in the last week of September. Sources ... Read More »

Holder of taxpayer card to get numerous benefits: Bajwa

MULTAN: Federal Board of Revenue (FBR) Chairman Tariq Bajwa disclosed that Nadra had designed a ‘distinction’ card for the taxpayers and holders of this card will get numerous benefits. Addressing members of Multan Chamber of Commerce and Industry (MCCI), Bajwa pointed out that holders of this card would be entitled to pay concessional tax on the purchase of cars and ... Read More »