In response to the evolving circumstances, the Sindh Revenue Board (SRB) has announced an extension of the deadline for filing monthly sales tax returns and the associated tax payments for March 2024.
(more…)Author: Shahnawaz Akhter
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FBR Discloses Names of 3.91 Million Active Taxpayers
Karachi, April 8, 2024 – In a significant development, the Federal Board of Revenue (FBR) has unveiled the names of 3.91 million active taxpayers, marking a substantial surge in tax compliance.
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UNISAME Urges Anomaly Removal for Commercial Imports
In a bid to foster fair trade practices and remove existing disparities in raw material clearance, the Union of Small and Medium Enterprises (UNISAME) has directed a fervent appeal towards the commerce ministry. The plea emphasizes the urgent need to rectify an anomaly that discriminates against commercial importers in comparison to their industrial counterparts.
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SBP Directs Banks to Open Accounts for BISP Beneficiaries
Karachi, April 8, 2024 – The State Bank of Pakistan (SBP) has issued directives to banks to open bank accounts for beneficiaries of the Benazir Income Support Program (BISP), aiming to streamline the disbursement process of financial assistance directly into their accounts.
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Abu Dhabi Ports Announces Major Investments for Karachi Port
Abu Dhabi Ports Group has revealed its ambitious investments for Pakistan’s Karachi port, aimed at enhancing foreign trade and bolstering maritime infrastructure.
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Banks Close 3 Days for Eid-ul-Fitr 2024: Plan Your Transactions
As the joyous occasion of Eid-ul-Fitr approaches, citizens in Pakistan are reminded to plan their financial transactions in advance due to the closure of banks for three consecutive days.
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How to Claim Income Tax Refund in Pakistan?
Claiming income tax refunds in Pakistan has become a streamlined process, ensuring ease and efficiency for taxpayers. The Federal Board of Revenue (FBR), Pakistan’s premier tax authority, has delineated the steps necessary for obtaining income tax refunds.
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PTBA Lambasts FBR’s Remarks on Lawyers in Tajir Dost Scheme
Karachi, April 6, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced its strong disapproval of recent statements made by the Federal Board of Revenue (FBR) regarding the involvement of tax lawyers in the newly introduced Tajir Dost Scheme, a tax simplification initiative aimed at shopkeepers and traders.
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FPCCI Presents Solution for Increasing Tax to GDP Ratio at 15%
Karachi, April 6, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has put forth a comprehensive solution aimed at elevating the tax-to-GDP ratio to 15 percent, addressing the pressing need for fiscal stability and economic growth in Pakistan.
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Philip Morris Pakistan and FBR Locked in Lengthy Legal Disputes
Philip Morris Pakistan Limited, a leading cigarette manufacturer in the country, has unveiled a complex web of litigations stretching across numerous years against tax authorities, which have resulted in substantial tax demands.
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