Karachi, December 10, 2023 – Federal Board of Revenue (FBR) has empowered tax officials with free access for monitoring imported goods during tax year 2024.
(more…)Author: Shahnawaz Akhter
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FBR Obtains Monthly Information of Bank Depositors
Karachi, December 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by acquiring monthly information on account holders with deposits in banks.
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Foreign Remittances Witness 10% Drop to $11.05 Billion in 5MFY24
Karachi, December 8, 2023 – The State Bank of Pakistan (SBP) has reported a notable decline in foreign remittances, revealing a 10 percent drop to $11.05 billion during the initial five months (July – November) of the current fiscal year 2023-2024.
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State Bank of Pakistan to Announce Benchmark Interest Rate on December 12, 2023
Karachi, December 8, 2023 – The State Bank of Pakistan (SBP) has declared that it will reveal the benchmark interest rate on December 12, 2023.
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FBR Mandates Fixation of Retail Prices for Various Goods Under Updated Sales Tax Law
Karachi, December 8, 2023 – The Federal Board of Revenue (FBR) has taken a significant step in streamlining the retail market by issuing a comprehensive list of items for which the fixation of retail prices is now mandatory.
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FBR Obligated to Release Final Income Tax Return Forms by January 31 for Tax Year 2024
Karachi, December 8, 2023 – The Federal Board of Revenue (FBR), acting within the parameters of tax legislation, is compelled to unveil the income tax return forms by January 31, 2024, for the impending tax year 2024.
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FBR Restricts Retailers from Issuing Temporary Sales Tax Invoices via POS System
Karachi, December 7, 2023 – The Federal Board of Revenue (FBR) has implemented a directive preventing integrated retailers from issuing temporary sales tax invoices through the Point of Sale (POS) system.
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Government Bank Borrowing Surges by 154% in Current Fiscal Year
Karachi, December 7, 2023 – The government’s borrowing from banks has witnessed a substantial increase, surging by 154 percent during the first four months of the current fiscal year.
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