(PkRevenue.com) – The Federal Board of Revenue (FBR) has released the updated Active Taxpayers List (ATL) for the tax year 2023, which has been updated as of May 26, 2024. The FBR is encouraging all citizens to check their status on this list to avail themselves of the numerous benefits associated with being a compliant taxpayer.
(more…)Author: Shahnawaz Akhter
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FBR Proposes Tax on Govt. Securities Sold Before Maturity
(PkRevenue.com) – In a bid to curb revenue leakage and enhance the documentation of financial transactions, the Federal Board of Revenue (FBR) has proposed imposing a withholding tax on government securities sold before their maturity. This proposal is part of the FBR’s budget recommendations for the fiscal year 2024-25.
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EPTL Seeks Urgent Settlement of Outstanding Dues
(PkRevenue.com) – Engro Powergen Thar Private Ltd (EPTL) has made an urgent appeal to the Central Power Purchasing Agency Guarantee Ltd (CPPA-G) for the immediate settlement of its outstanding dues amounting to Rs65 billion.
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Salaried Persons May Get 15% Raise in 2024-25 Budget
(PkRevenue.com) – Salaried employees in Pakistan may see a salary increase of up to 15 percent in the forthcoming 2024-25 budget, according to official sources. The government is actively considering various proposals to enhance the salaries of public sector employees in the upcoming fiscal year.
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FBR May Notify New Rules for Clearing Income Tax Refunds
(PkRevenue.com) – The Federal Board of Revenue (FBR) is on the verge of notifying new rules to streamline the clearance of outstanding income tax refunds through electronic means.
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Foreign Investors Take Out $887 Million from Pakistan
(PkRevenue.com) – Foreign investors have withdrawn a substantial $887 million from Pakistan between July 2023 and April 2024, according to official data released on Tuesday.
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Pakistan Customs Completes Business Process Mapping
PKRevenue.com – Pakistan Customs has successfully completed the business process mapping of its core functions within the first five months of a World Bank-funded project aimed at transforming customs operations.
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FBR Imposes Major Penalty on IRO for Causing Huge Loss
(PkRevenue.com) – The Federal Board of Revenue (FBR) has imposed a major penalty of compulsory retirement on Arif Javed, an Inland Revenue Officer (IRO) at the Regional Tax Office (RTO) in Multan, for deliberately causing a substantial loss to the national exchequer.
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Government Assures KCCI of Considering Budget Proposals
(PkRevenue.com) – The federal government assured the Karachi Chamber of Commerce and Industry (KCCI) on Monday that it would seriously consider their proposals for the 2024-25 budget.
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Pakistan Considers Pension Tax in 2024-25 Budget
Karachi (PkRevenue.com) – In a strategic move to bolster its revenue, Pakistan is poised to introduce a pension tax in the upcoming 2024-25 budget.
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