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News Others April 4, 2014

July-March fiscal year 2014: FBR raises WHT demand of over Rs 32 billion

Date: April 04, 2014 The Federal Board of Revenue (FBR) has raised withholding tax demand of over Rs 32 billion during July-March 2013-14, which would result in substantial recovery of billions of rupees through effective monitoring and audit of withholding agents. Sources told Business Recorder here on Thursday that the Directorate General of Withholding Taxes […]

News Others March 29, 2014

FBR Verifying Exemption Certificates

Date: March 29, 2014 The Federal Board of Revenue is verifying authenticity of thousands of exemption certificates used for clearance of imported consignments without payment of withholding tax during July 1, 2013 – January 2014. The FBR issued instructions to field formations here on Friday. The FBR has launched verification of exemption certificates on national […]