Karachi, December 25, 2023 – In an unusual move, the Federal Board of Revenue (FBR) made significant announcements regarding the postings of senior officers of the Inland Revenue Service (IRS) on a public holiday today, December 25, 2023.
(more…)Author: Shahnawaz Akhter
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FBR Flexes Muscles to Capture 1.5 Million New Taxpayers
Islamabad, December 25, 2023 – The Federal Board of Revenue (FBR) is flexing its muscles in a bold move to capture 1.5 million new taxpayers and boost tax base of Pakistan.
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Pakistan Achieves Landmark High of 5.37 Million Active Taxpayers
Karachi, December 25, 2023 – The Federal Board of Revenue (FBR) on Monday announced Pakistan achieved a record high of 5.37 million active taxpayers for the 2022 tax year.
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Pakistan Updates List of Mandatory Tax Filers
Karachi, December 24, 2023 – Pakistan has updated its list of mandatory tax return filers in a move to enhance fiscal transparency and broaden the tax base.
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FBR Set to Suspend Bank Accounts of Non-Filers of Tax Returns
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR), Pakistan’s premier tax agency, is gearing up to suspend bank accounts of individuals who have failed to file their income tax returns, as per an official statement released today.
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FBR Unveils Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) in Pakistan has recently released a detailed procedure for making zero-rated supplies to duty-free shops, aiming to streamline and regulate transactions in this sector.
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FBR Obtains Details of Car Buyers on Monthly Basis
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) has initiated a monthly acquisition of detailed information on car buyers from various stakeholders.
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Steady Rupee Expected Against Dollar as 2023 Wraps Up
KARACHI – December 24, 2023: In the last week of 2023, experts believe the Pakistani rupee will likely stay steady against the US dollar. Starting December 26, 2023, this positive prediction is based on a good balance between how much people want and how much they have of the American currency, along with a smaller difference in the country’s spending and earnings.
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PTBA Calls for Consumer Profiling Before Section 114B Activation
Karachi, December 23, 2023 – The Pakistan Tax Bar Association (PTBA) has fervently recommended the adoption of consumer profiling before invoking Section 114B of the Income Tax Ordinance, 2001.
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PTBA Strongly Condemns Punjab Police Aggression
Karachi, December 23, 2023 – The Pakistan Tax Bar Association (PTBA) issued a strong condemnation on Saturday against the Punjab police for their aggressive actions towards senior members of the apex tax bar.
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