The Federal Board of Revenue (FBR) has begun a major drive to recover Rs 327 billion in super tax from Pakistan’s largest corporate taxpayers after a recent ruling by the Federal Constitutional Court. Tax authorities have issued recovery notices worth over Rs 200 billion to large firms and are calculating total liabilities under the law, bringing thousands of big taxpayers into the scope of the levy. Officials say the initial phase of enforcement could recover around Rs 100 billion in the coming

The Chairman of the Federal Board of Revenue (FBR), Mr. Rashid Mahmood Langrial, participated in an insightful panel discussion during the 8th edition of the Afkar-e-Taza ThinkFest held in Lahore. The event, a significant platform for thought leaders, policymakers, and intellectuals, provided Mr. Langrial the opportunity to share FBR's forward-looking strategy for improving revenue collection and expanding the tax net in Pakistan. During the discussion, Mr. Langrial emphasized FBR’s commitment t

INSTITUTE OF TAXATION & FINANCE - TAXES AND JOBS UPDATES FBR NEEDS RS.2.07 TRILLION IN FOUR MONTHS TO ACHIEVE COLLECTION TARGET Federal Board of Revenue (FBR) is required to collect over Rs2.07 trillion in next four months in order to meet revenue collection target of Rs.4.398 trillion for current fiscal year. The FBR has provisionally collected Rs2.328 trillion during first eight months (July – February) of 2018/2019 as compared with Rs2.259 trillion in the corresponding period of the last fisc

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