Category: FBR

FBR 329 New Jobs 2020 For Peshawar, Quetta, Karachi, GB Baltistan, Islamabad with Application Form

Federal Board of Revenue has announced the Good news for all the unemployed Berozgar throughout Pakistan for announcing FBR 329 new jobs 2020 for Peshawar, Quetta, Karachi, GB Baltistan and Islamabad with the Application Form is attached herewith the advertisement. The official Ad is publishing in the newspaper of DAWN on 11th October, 2020. The…

WEBOC E-Payment of Duties/Taxes By Importers & Exporters

Federal Board of Revenue (FBR) has announced the Web Based One Customs (WeBOC) for e-payment of duties/taxes by importers & exporters. A major facilitation initiative in wake of Covid-19. Features A facilitation initiative in wake of Covid-19 for safety of taxpayers and to promote secure online transactions. This facility is for all registered importers/ exporters…

FBR Launches Crackdown on Smuggling of Scheduled Items

FBR (Federal Board of Revenue), Government of Pakistan has launched crackdown on smuggling of scheduled items to support the nation stand against smuggling. According to the COVID-19 (Prevention of Smuggling) Ordinance, 2020, transportation of scheduled items out of country is a crime. An effective step by the Government of Pakistan to ensure food security due…

FBR Favourable Reforms in Construction Industry

FBR (Federal Board of Revenue), Government of Pakistan has announced favourable reforms in construction industry to ensure livelihood for laborers and opportunities for investors. 90% reduction in fixed tax liability for Naya Pakistan Housing Projects Source of investment for construction sector will not be probed Fixed tax regime; tax to be paid in quarterly installment…

FBR Announces Tax Relief Package 2020

In order to counter the economic impact of Covid-19, Government of Pakistan, Federal Board of Revenue (FBR) has announced tax relief package 2020 for the construction sector. The relief package includes restoration of economic activity, 40 additional construction-linked industries to benefit and generate many more employment opportunities. Salient Features 90% tax reduction on investment in…

FBR Ban on Leaves Upto 30 June 2020

Federal Board of Revenue (FBR) has issued the official Notification (According to the JANG Urdu Newspaper) on 20th February, 2020 in connection with FBR Ban on Leaves Upto 30 June 2020. According to the details of official order, FBR has imposed all kinds of leaves upto 30th June. it also banned on every Ex-Pakistan leave…

Income Tax Basics 2020

Before Registration and Filing of your Income Tax Return 2020, it is recommended that one should establish basic understanding regarding these processes. Knowledge of basic concepts would not only ensure that the tasks are performed easily but also in the prescribed manner. TAXABLE INCOME Taxable Income means Total Income reduced by donations qualifying straight for…