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According to the FBR, in 2021, the number of registered tax filers had grown to 7.1 million out of which only 2.5 million were active tax filers. [2] As of November 1, 2024 number of Active Taxpayers reached to 5,365,939 .
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 ...
Federal Board of Revenue (FBR) 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.
Direct tax is a tax paid by a person, as opposed to a tax levied on a business that the person indirectly pays. Double taxation is when a tax is paid twice on the same income or item. Indirect tax is a tax collected by an intermediary (such as a store) on behalf of the person who actually is required to pay (such as a customer)
The organization's primary functions encompass expanding the tax base, accessing significant databases, cross-referencing data with master indices and tax profiles, managing complaints referred by the Chairman FBR under the FBR Act, conducting financial investigations, and discreetly gathering information concerning all tax-related matters. [2]
Connecticut taxpayers whose adjusted gross income is $75,000 or less (individuals and married filing separately) or $100,000 or less (joint filers and heads of household) can deduct 100 percent of ...
Introduced an ICT sales tax exemption on locally provided IT and ITenabled services. Removed the exception allowing listed companies to claim input tax beyond 90%. Extended further tax to registered persons not on the Active Taxpayers List. Extended sales tax exemption to all imported and locally supplied books.
Tax: $1.25 million 1100 S. Ocean Blvd. (The Mar-a-Lago Club, plus adjacent houses at 1094 S. Ocean Blvd., 124 Woodbridge Road and 1125 S. Ocean Blvd., including a non-addressed parcel on South ...