Economic and Finance News

Auditors asked to conduct income tax audit only for a year
KARACHI (May 24 2009): Federal Board of Revenue (FBR) has directed its auditors to conduct income tax audit only for a year to facilitate the taxpayers, who are receiving audit notices for multiple years.



FBR introducing new registration form for all taxpayers
ISLAMABAD (May 24 2009): The Federal Board of Revenue is introducing a new "Taxpayer Registration Form" for registration of income tax, sales tax, federal excise through a single form, simplifying registration process for business community.