Tag: FBR

What is FBR’s Alternative Dispute Resolution (ADR) Mechanism

Posted on By Asher Karim No Comments on What is FBR’s Alternative Dispute Resolution (ADR) Mechanism
Regulations, Reviews

Alternate Dispute Resolution (ADR) is a system introduced by the Federal Board of Revenue (FBR) whereby the taxpayer can refer the contentious issues for consideration and recommendations of the independent experts on the subjects of Income Tax, Sales Tax, Customs and Federal Excise Duty (FED) and make an out of court settlement with the tax … Read More “What is FBR’s Alternative Dispute Resolution (ADR) Mechanism” »

FBR collects more than 1 Trillion in Q1

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News

Federal Board of Revenue has done remarkably well in the 1st quarter of the fiscal year 2020-21. According to the provisional data released by State Bank of Pakistan (SBP), FBR collected a net revenue of Rs. 1,004 billion exceeding the prescribed target of Rs. 970 billion. Moreover, the gross revenue stood at Rs. 1052 billion. … Read More “FBR collects more than 1 Trillion in Q1” »

Khaqan Abbasi – The most tax paying parliamentarian in 2018

Posted on By Asher Karim 1 Comment on Khaqan Abbasi – The most tax paying parliamentarian in 2018
News, Reviews

As a part of transparency in tax governance and to have a fair tax system, the Federal Board of Revenue (FBR) of Pakistan started to publish its Tax Directory of Parliamentarians in year 2013. The directory contains tax details of Members of Pakistan’s legislative assembles including Senate, National and Provincial Assemblies. Continuing this exercise, FBR … Read More “Khaqan Abbasi – The most tax paying parliamentarian in 2018” »