Islamabad, April 23, 2024 – In a key meeting held on Tuesday, Finance Minister Senator Muhammad Aurangzeb promised to address the concerns of the association of small traders regarding the recently introduced Tajir Dost Scheme.
Islamabad, April 23, 2024 – In a significant meeting held at the Federal Board of Revenue (FBR) headquarters on Tuesday, FBR officials and representatives from the World Health Organization (WHO) gathered to discuss the future of tobacco taxation and enforcement in Pakistan.
Islamabad, April 23, 2024 – The Federal Board of Revenue (FBR) took a significant step towards enhancing tax compliance by issuing a directive for the mandatory integration of 1,680 Tier-1 retailers into its Point of Sale (POS) system.
Islamabad, April 23, 2024 – In a decisive move against bureaucratic inefficiency, Prime Minister Muhammad Shehbaz Sharif has ordered the suspension of the Commissioner of Inland Revenue of Federal Board of Revenue (FBR) Islamabad along with other senior tax officials for their alleged willful delay in handling tax cases.
Karachi, April 23, 2024 – The Federal Board of Revenue (FBR) is contemplating the reintroduction of the prize scheme for invoices issued via Point of Sale (POS) systems to promote better documentation of retail transactions.
Karachi, April 23, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has confirmed that it will be collecting Capital Gains Tax (CGT) for transactions conducted in March 2024 on the upcoming date of April 30, 2024.
Karachi, April 23, 2024 – The Federal Board of Revenue (FBR) is reviewing a pivotal proposal from the Pakistan Business Council (PBC) aimed at enhancing property valuations to align closer with the fair market value (FMV).
Islamabad, April 22, 2024 – In a significant move to combat the menace of illegal tobacco trade and to protect the nation’s revenue, the Federal Board of Revenue (FBR) launched a comprehensive crackdown across the country, raiding multiple outlets involved in selling counterfeit and non-stamped cigarettes.
The Federal Board of Revenue (FBR) has intensified crackdown on counterfeit goods to ensure compliance with digital tax stamp regulations on key commodities, including cigarettes, sugar, and fertilizers.
In a recent move that has stirred considerable controversy, the Lahore Tax Bar Association (LTBA) has strongly opposed the government’s proposal to dismantle the primary Appellate Forum of Commissioner Appeals, arguing that such a decision could significantly disrupt the enforcement of critical fiscal laws and unfairly affect taxpayers’ rights across the country.