Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) has revised and clarified the procedure for obtaining a sales tax exemption on imports, ensuring a streamlined process for entitled organizations and agencies.
(more…)Author: Shahnawaz Akhter
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Sindh approves landmark agricultural income tax law
Karachi, February 3, 2025 – In a historic move, the Sindh government has officially approved the imposition of an agricultural income tax, marking a significant policy shift aimed at enhancing fiscal discipline and revenue generation.
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Cold returns to Islamabad, drizzle expected
Islamabad, February 3, 2025 – The cold wave has tightened its grip on Islamabad, bringing chilly temperatures and the possibility of light drizzle in the coming days.
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FBR likely to abolish section 7E on deemed property income
Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) is expected to eliminate Section 7E of the Income Tax Ordinance, 2001, which pertains to the taxation of deemed property income.
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KCAA to stage protest against suspension of customs agents
Karachi, February 2, 2025 – The Karachi Customs Agents Association (KCAA) has announced plans to stage a protest against the recent suspension of customs agents accused of manipulating the Faceless Customs Assessment (FCA) system.
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Hyderabad customs to auction NDP vehicles on February 6, 2025
Karachi, February 2, 2025 – The Collectorate of Customs, Hyderabad, has announced an auction of non-duty paid (NDP) vehicles, scheduled to take place on February 6, 2025.
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FBR clarifies zero-rated supplies to diplomats and foreign missions
The Federal Board of Revenue (FBR) has provided clarity regarding the zero-rated supply of goods and services to diplomats and foreign missions under the Sales Tax Rules, 2006.
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List of 45 Customs Agents Suspended in Faceless Scandal
Karachi, February 1, 2025 – The Federal Board of Revenue (FBR) has announced the suspension of 45 customs agents involved in manipulating the Faceless Customs Assessment System.
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New amnesty for property transactions in Pakistan?
Is Pakistan on the verge of introducing a new amnesty for property transactions, exempting buyers from disclosing their income sources?
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FBR files criminal case against faceless customs manipulators
Islamabad, February 1, 2025 – The Federal Board of Revenue (FBR) has launched criminal proceedings against a customs officer, several customs agents, and private individuals accused of tampering with the recently introduced Faceless Customs Assessment System—a key initiative designed to bring efficiency, transparency, and uniformity to customs clearance operations.
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