The salaried class contributes Rs 368 billion to become the third largest taxpayers in FY24 Blogging Sole

The salaried class contributes Rs 368 billion to become the third largest taxpayers in FY24

 Blogging Sole

An undated image of the Federal Board of Revenue (FBR) building in Islamabad. – APPLICATION The contracts contribute Rs 496 billion to revenue collection in FY2024. Taxes collected on bank profits and securities up 52.8% to Rs489 billion. Tax revenue from telephone bills increased by 14.3% to nearly Rs 100 billion. ISLAMABAD: The salaried segment … Read more

New FBR system to limit interactions between tax collectors and taxpayers Blogging Sole

New FBR system to limit interactions between tax collectors and taxpayers

 Blogging Sole

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

FBR’s new payment system eliminates the need for taxpayers to visit banks Blogging Sole

FBR’s new payment system eliminates the need for taxpayers to visit banks

 Blogging Sole

This image published on March 3, 2022 shows the FBR building. — Facebook/Federal Revenue Council System guided by the government’s vision to modernize tax infrastructure. The new system would eliminate the need for physical visits to the bank. This marks a significant advancement in revenue management. The Federal Board of Revenue (FBR) on Wednesday introduced … Read more