F.E.B.R

F.E.B.R

Business community rejects draft amendments to IT Rules 2002

The business community has rejected the draft amendments to Income Tax Rules 2002, binding the real estate agents and jewellers to maintain record and report about suspicious transactions to the FBR, saying the gold and real estate businesses, which have already been nearly paralyzed, will be collapsed completely.Friends of Economic and Business Reforms (FEBR)...

FEBR welcomes Pak, IMF deal on cutting tax target by Rs.233b

Kashif Anwar warns Rs.5.27tr revenue target still unrealistic LahoreThe FEBR has welcomed the agreement of Pakistan and the IMF on downward revision of FBR’s tax collection target, slashing it by Rs.233 billion to bring it at Rs.5.27 trillion against earlier target of Rs.5.5 trillion for 2019-20. FEBR president Kashif Anwar warned that the Rs.5.27 trillion tax...