The Federal Board of Revenue (FBR) has introduced a streamlined process to assist taxpayers in fulfilling their obligations and securing a spot on the coveted Active Taxpayers List (ATL).
(more…)Author: Shahnawaz Akhter
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ATL Surges to 3.93 Million Amidst Crackdown Fear
Islamabad, April 16, 2024 – In a recent update from the Federal Board of Revenue (FBR), the active taxpayers list (ATL) has seen a substantial surge, reaching a notable 3.93 million individuals.
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Pakistan’s Forex Reserves Witness Growth, Reach $13.44 Billion
Karachi – Pakistan’s foreign exchange reserves have seen a notable increase, rising by $62 million to $13.44 billion by the week ending April 5, 2024.
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FBR Implements Rules for International Oil Suppliers
Karachi, April 15, 2024 – The Federal Board of Revenue (FBR) has taken significant steps towards streamlining the operations of international oil suppliers in Pakistan by implementing rules under the Customs Bonded Facilities Rules, 2024.
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FBR Extends Sales Tax Return Filing Deadline to April 22, 2024
Islamabad, April 15, 2024 – The Federal Board of Revenue (FBR) has announced an extension of the deadline for filing monthly sales tax returns, providing relief to taxpayers across the country.
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Alter Your Income Tax Return Within Five Years
The Federal Board of Revenue (FBR) has granted taxpayers to alter their income tax returns within a five-year timeframe from the date of the original filing for a specific tax year.
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PSX Brokers Call for Tax Relief to Boost Market Competitiveness
Karachi, April 14, 2024 – Brokers at the Pakistan Stock Exchange (PSX) are making a plea for a more lenient tax framework on brokerage and commission as the country prepares for the 2024-25 budget.
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FBR Invites Bids for Sale of Confiscated Diesel Oil
Karachi, April 13, 2024 – The Federal Board of Revenue (FBR) has initiated the process of auctioning a substantial quantity of confiscated diesel oil, inviting sealed bids from interested parties.
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Pakistan Faces 4.8% Drop in Registered Prize Bond Investments
In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
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Check Latest TY2024 Tax Rates on Salary in Pakistan
As tax year 2024 unfolds, citizens of Pakistan who derive their income from salaries are urged to stay updated with the latest tax rates to ensure compliance with tax regulations and accurate filing of income tax returns.
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