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ISLAMABAD: The Federal Board of Revenue (FBR) will issue uniform sales tax, income tax and federal excise recovery...

The Federal Board of Revenue (FBR) has revised the powers and functions of FBR Members including additional powers to the FBR Member Inland Revenue

FBR registers 119 FIRs under the AML Act Top Story Our correspondentBy ISLAMABAD: In its bid to comply with the Financial Action Task Force (FATF) conditions, the FBR has so far registered 119 total complaints (FIRs) under the Anti Money Laundering (AML) Act 2010, involving revenues of more than Rs88.4 billion. The FBR has so far recovered Rs6.22 billion tax amount under this head. In this process, 66 immovable properties and 203 bank accounts have been provisionally attached with the prior permission of the court under the provisions of AMLA 2010 and the cases are under trial in various cou...

Top Story December 24, 2020 ISLAMABAD: In its bid to comply with the Financial Action Task Force (FATF) conditions, the FBR has so far registered 119 total complaints (FIRs) under the Anti Money Laundering (AML) Act 2010, involving revenues of more than Rs88.4 billion. The FBR has so far recovered Rs6.22 billion tax amount under this head. In this process, 66 immovable properties and 203 bank accounts have been provisionally attached with the prior permission of the court under the provisions of AMLA 2010 and the cases are under trial in various courts of Special Judge Customs and Taxation, ...

FBR’s Intelligence Arm Intensifies Crackdown Against Tax Evaders and Fraudsters The Directorate General Intelligence and Investigation (Inland Revenue) has intensified the countrywide action against tax evaders and fraudsters (individuals, AOPs, and corporate entities) involved in evasion of Sales Tax, Income Tax and Federal Excise Duty. In this regard, Directorates of Intelligence and Investigation (Inland Revenue) has expedited the crackdown against tax fraudsters based on credible evidence and following due process of law based on legal provisions laid down in various tax statutes. Direc...