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Tag Archives: taxpayer

KCCI asks FBR to simplify income tax returns filing procedure

KARACHI: Local industrialists and businessmen have urged Federal Board of Revenue (FBR) to further make easier new rules of filing income tax returns to enhance tax base of the country. Karachi Chamber of Commerce and Industry (KCCI) President Abdullah Zaki, in a statement, demanded that the status quo should be restored to tax year 2013 in order to ensure smooth ... Read More »

Dilemma of taxpayers

According to newspaper reports, the Federal Board of Revenue (FBR) has decided to audit 15 percent of the annual income tax returns which were filed in 2013. The returns will be selected through random ballot and the exercise is meant for identifying those taxpayers who do not show their exact income in their tax returns. Earlier, at least five percent ... Read More »

FBR to publish biweekly list of active taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) will publish a list of active taxpayers on a fortnightly basis to promote the culture of documentation. In the budget 2014-15, the government had introduced higher tax rates for non-filers and the FBR published a directory in April this year to reveal the names of tax defaulters. The board will publish the list ... Read More »