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The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty.
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
The Revenue Division is to inform the action taken within the specified time. The FTO has power to review, within 30 days, the findings or orders on a review petition made by an aggrieved party. According to Section 13(2) of FOIRA of 2013, the FTO shall decide the review petition within 45 days.
The tax structure is progressive, aiming to fairly distribute the tax burden across different income groups. Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export of IT services is ...
In 2023 the Director General of Intelligence and Investigation - Inland Revenue (DG I&I-IR) has initiated a process to segregate cases involving tax evasion from those related to money laundering. This effort aims to prevent the prosecution of individuals within the business community for money laundering when their actions primarily pertain to ...
A banner on the assessment department’s website noted that wait times to reach the office by phone are averaging one hour due to the high volume of calls about declaration notices. You can reach ...
Renters over the age of 65 can also apply for property tax credits through this program if their total household income is below $27,200 for single people or below $29,200 for married couples. The ...
Department of Revenue (Pakistan) Department of Revenue- Government of Balochistan; Department of Revenue- Government of Khyber Pakhtunkhwa; Department of Revenue- Government of Punjab. Excise and taxation department, Punjab (Pakistan) Department of Revenue- Government of Sindh