Karachi, September 26, 2024 – The Federal Board of Revenue (FBR) is preparing to implement amended rules governing the inclusion of individuals and entities in the Active Taxpayers List (ATL). These amendments, which are now finalized, are expected to be formally introduced soon.
(more…)Author: Shahnawaz Akhter
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FBR Tightens Grip on Non-Filers with New Enforcement Actions
Islamabad, September 26, 2024 – The Federal Board of Revenue (FBR) is preparing to implement strict enforcement actions against non-filers of income tax returns, following the approval of the prime minister.
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LTBA Urges Extension in Deadline for Tax Return Filing
Lahore, Pakistan – September 25, 2024 – The Lahore Tax Bar Association (LTBA) has formally appealed the government to extend the deadline for filing income tax returns for the tax year 2024.
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FBR Sends SMS Alerts to Taxpayers, Enforcing Return Filing Obligations
Karachi, September 25, 2024 — The Federal Board of Revenue (FBR) has ramped up its efforts to ensure taxpayer compliance by sending out SMS reminders to registered mobile numbers, urging citizens to submit their annual income tax returns by the September 30, 2024, deadline.
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Tax Advisors Call for November 30 Extension for Return Filing
Islamabad, September 2024 — The Pakistan Tax Advisors Association (PTAA) has called upon the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns and wealth statements for the tax year 2024 from September 30 to November 30.
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KCCI Demands One-Month Extension in Return Filing Deadline
Karachi, September 25, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has formally requested the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns for the tax year 2024.
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FPCCI Rejects FBR’s Anti-Business Tax Collection Plan
Karachi, September 25, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) voiced strong opposition on Wednesday to the Federal Board of Revenue’s (FBR) proposed tax collection strategies, criticizing them as detrimental to business interests. FPCCI President Atif Ikram Sheikh condemned any efforts by the FBR to boost revenue through measures perceived as anti-business, urging for a more inclusive, consultative process with key stakeholders.
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Pakistan Customs Clarifies Classification of High-Speed Washer
Karachi, September 25, 2024 – The Pakistan Customs Appraisement (East) has issued an official classification of high-speed washers, declaring that these items will be subject to zero percent customs duty upon import.
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FBR Issues Updated Tax Guidelines for Non-Filers and Late Filers
Karachi, September 25, 2024 – The Federal Board of Revenue (FBR) has issued updated guidelines for individuals and entities who have either failed to file their annual income tax returns or submitted them after the due date.
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OGDCL Announces New Gas Discovery in Khairpur District, Sindh
Karachi, September 25, 2024 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant gas discovery in the Sawan South Block at the Akhiro-1 Exploratory Well located in the Khairpur district of Sindh. This new find is expected to bolster Pakistan’s energy sector and contribute to the country’s growing demand for indigenous energy resources.
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