Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), addresses an event. — National Defense University website/file FBR chairman urges people to pay their taxes. He says the tax rates are wrong and should be corrected. The objective is to bring the richest individuals to net-of-tax income. Slamming the culture of tax evasion … Read more
The Federal Board of Revenue (FBR) has initiated consultations with key stakeholders to finalize proposals for the Federal Budget 2025-2026, focusing on phasing out tax exemptions, increasing revenue generation and rationalization of tax laws. In an official communication to business associations such as Federation of Pakistan Chambers of Commerce and Industry (FPCCI), American Business Council, … Read more
Finance Minister Muhammd Aurangzeb (L) attends a press conference alongside FBR Chairman Rashid Mahmood Langrial in Islamabad on December 26, 2024. — Screenshot via Geo News ISLAMABAD: Amid strenuous efforts of Prime Minister Shehbaz Sharif’s government to widen the tax net and increase revenue generation, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has … Read more
A vendor displays different fruits to attract customers at his stall in Hyderabad on February 11, 2023. — APP FBR chief admits revenue leakage of Rs1.2tr in income tax sector. Langrial presented strict measures to improve tax compliance. The official admits that falling inflation has affected revenue collection. ISLAMABAD: Federal Board of Revenue (FBR) Chairman … Read more
A representative image showing the FBR logo at its headquarters in Islamabad. — Website/FBR file Declarations of imported goods will be assigned to the CAU according to the new system. Introduction of incentive-based performance management for greater efficiency. Move to bring a major change in the work and overall culture of the Customs Service. ISLAMABAD, … Read more
Jinnah International Airport in Karachi. — Facebook Jinnah International Airport/File ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn its previous notification proposing restrictions on passengers bringing more than one mobile phone from abroad. The decision follows directives from FBR Chairman Rashid Mahmood Langrial who ordered an immediate halt to the implementation of the amendments … Read more
An image of a wedding venue. — Reuters/File KARACHI: The Federal Board of Revenue (FBR) has imposed a 10 per cent withholding tax on wedding halls, which the Marriage Hall Association said would be borne by the event organizers. In a statement released on Friday, association president Rana Raees said the tax would be collected … Read more