In Pakistan, taxpayers are currently fervently seeking inclusion in the recently unveiled Active Taxpayers List (ATL) to shield themselves from the stringent measures enforced by the Federal Board of Revenue (FBR).
(more…)Author: Shahnawaz Akhter
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FBR Officer Dismissed from Service for Embezzlement Charges
Karachi, March 1, 2024 – In a significant development, a Federal Board of Revenue (FBR) officer, Wazir Hussain Lashari, has been handed the major penalty of dismissal from service following charges of embezzlement.
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Pakistan Records 30% Contraction in Trade Deficit in 8MFY24
Islamabad, March 1, 2024 – Pakistan has achieved a remarkable 30% contraction in its trade deficit during the first eight months (July – February) of the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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Pakistan’s Headline Inflation Hits 20-Month Low in February 2024
Karachi, March 1, 2024 – Pakistan’s headline inflation has reached a 20-month low in February 2024, according to analysts at Arif Habib Limited.
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FBR Releases List of 3.35 Million Active Taxpayers for TY2023
Karachi, March 1, 2024 – In a bid to fortify its tax collection efforts and bolster the country’s fiscal health, the Federal Board of Revenue (FBR) unveiled a new list on Friday, spotlighting 3.35 million active taxpayers for the tax year 2023.
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SCP Upholds Validity of Sindh Sales Tax on Distribution Services
Karachi, February 29, 2024 – In a significant decision, the Supreme Court of Pakistan (SCP) has affirmed the legitimacy of the Sindh Sales Tax on Supply Chain Management or Distribution (including Delivery) Services.
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Pakistan Records $59 Million Drop in Weekly Forex Reserves
Karachi, February 29, 2024 – The State Bank of Pakistan (SBP) reported a significant drop of $59 million in the country’s weekly foreign exchange reserves on Thursday.
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FBR Directs Tax Offices to Remain Open Until 8:00 PM Today
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) has directed tax offices to remain open until 8:00 pm today, signaling an extended effort to ensure the timely collection of duty and taxes.
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FBR to Reveal New Active Taxpayers List on March 1, 2024
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) is gearing up to unveil the new Active Taxpayers List (ATL) for the tax year 2023 on March 1, 2024.
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Bank Alfalah Allocates Rs 3.6 Billion Amid Windfall Tax Challenge
Karachi, February 28, 2024 – Bank Alfalah, one of Pakistan’s prominent banking institutions, has set aside a substantial sum of Rs 3.6 billion as a precautionary measure in anticipation of potential windfall tax payments.
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