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Author: Mrs. Anjum Shahnawaz

FBR logo

FBR invites sales tax, FED proposals for budget 2023-2024

February 8, 2023January 17, 2024Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) has opened the door for proposals to amend laws related to sales tax and Federal Excise Duty (FED) as part of the upcoming budget for the fiscal year 2023-2024.

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petrol shortage

Pakistan may soon announce sharp increase in petroleum prices

February 8, 2023February 8, 2023Mrs. Anjum Shahnawaz

Pakistan may soon announce sharp increase in petroleum prices with the expected imposition of sales tax, sources said on Wednesday.

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pakistan customs

Peshawar Customs Enforcement to auction old, used motor vehicles on Feb 09

February 7, 2023May 3, 2026Mrs. Anjum Shahnawaz

ISLAMABAD: Collectorate of Customs (Enforcement), Peshawar to conduct auction of old and used motor vehicles on February 09, 2023.

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FBR logo

FBR transfers 18 Commissioners Inland Revenue of BS-20 with immediate effect

February 7, 2023February 7, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday transferred 18 Commissioners of Inland Revenue Service (IRS) in BS-20 with immediate effect and until further orders.

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FBR Blue

Pakistan, Tajikistan amend convention for avoidance of double taxation

February 7, 2023February 7, 2023Mrs. Anjum Shahnawaz

Pakistan and Tajikistan have signed to amend the existing convention for avoidance of double taxation, Federal Board of Revenue (FBR) on Monday.

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FBR Building 02

FBR seeks proposals to eliminate exemption, concessions in income tax

February 6, 2023January 17, 2024Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) has called for proposals to eliminate exemptions and concessions under income tax laws as part of the formulation process for the budget 2023-2024.

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Supreme Court of Pakistan

Supreme Court orders taxpayers to pay half of super tax

February 6, 2023February 6, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Supreme Court of Pakistan (SCP) on Monday ordered the taxpayers to pay half of the super tax within seven days, according to a Tweet by the Federal Board of Revenue (FBRP).

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pakistan single window

FBR notifies regulations for evidence of identity to accessing Pakistan Single Window

February 6, 2023February 6, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified regulations for evidence of identity for accessing Pakistan Single Window (PSW).

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Tax Ombudsman

FTO directs fair treatment of salary taxation for temporary employees

February 6, 2023February 6, 2023Mrs. Anjum Shahnawaz

Federal Tax Ombudsman (FTO) has issued instructions regarding salary taxation for temporary / adhoc employees and directed employers and tax authorities to deduct tax of such employees under Section 149 of Income Tax Ordinance, 2001.

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Rs5000 banknote

Discontinuation of Rs5000 banknote suggested to formalize Pakistan economy

February 5, 2023February 5, 2023Mrs. Anjum Shahnawaz

Pakistan Business Council (PBC) in a report suggested discontinuation of the highest denomination banknote of Rs5000 in order to formalize the country’s economy.

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