Karachi, September 30, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that the collection of Capital Gain Tax (CGT) for the month of August 2024 will take place on October 8, 2024.
(more…)Author: Shahnawaz Akhter
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FBR Extends Return Filing Deadline for Tax Year 2024?
As the clock ticks down to the final hours of the income tax filing deadline, a critical question reverberates among Pakistan’s taxpayers: Has the Federal Board of Revenue (FBR) extended the deadline for filing income tax returns for the tax year 2024? With the deadline expiring today, millions of taxpayers remain in limbo, awaiting clarity from the country’s apex tax authority.
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Return Filing Deadline Extension: Pressure Mounting on FBR
Karachi, September 29, 2024 – The Federal Board of Revenue (FBR) finds itself under mounting pressure to extend the deadline for filing income tax returns for the tax year 2024. With the September 30 deadline looming, only a single day remains for taxpayers to submit their returns, and complaints of system breakdowns and technical delays are pouring in from across the country.
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FBR Issues Tax Guidelines for Permanent Establishment in Pakistan
Karachi, September 29, 2024 – The Federal Board of Revenue (FBR) has introduced new guidelines for the taxation of permanent establishments in Pakistan for the tax year 2024-25. These guidelines, extending the current regulations, govern the taxation of permanent establishments under Section 105 of the Income Tax Ordinance, 2001.
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PTBA Urges FBR for Urgent Filing Deadline Extension Amid Chaos
Karachi, September 28, 2024 – The Pakistan Tax Bar Association (PTBA) has issued an urgent plea to the Federal Board of Revenue (FBR), citing the dysfunctional state of the IRIS tax return filing portal.
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FBR Urges Citizens to Use IRIS Portal for Tax Information
Islamabad, September 28, 2024 – The Federal Board of Revenue (FBR) has issued a formal advisory urging citizens to access tax-related information through the IRIS tax returns portal rather than relying on the malfunctioning Tax Maloomat system.
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KCCI Highlights IRIS Portal Failures Ahead of Tax Filing Deadline
Karachi, September 28, 2024 – With the looming deadline for the submission of income tax returns for the fiscal year 2024, the Karachi Chamber of Commerce and Industry (KCCI) has raised alarms over persistent glitches in the Federal Board of Revenue’s (FBR) online return filing portal, IRIS.
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FBR to Redefine Non-Filers Amid Sweeping Crackdown
Islamabad, September 28, 2024 – In a decisive move aimed at intensifying its crackdown on tax evasion, the Federal Board of Revenue (FBR) is poised to redefine the term “non-filers” under the Income Tax Ordinance, 2001.
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IMF Tranche Likely to Push Upward Pakistan Stocks Next Week
Karachi, September 28, 2024 – Pakistan stocks is expected to maintain its positive trajectory next week, buoyed by the receipt of the first tranche under the $7 billion loan program from the International Monetary Fund (IMF).
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FPCCI Demands 30-Day Extension for Tax Return Filing Deadline
Karachi, September 28, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday urged the government to extend the deadline for filing income tax returns by a clear 30 days, citing technical challenges and system inefficiencies.
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