Karachi, January 7, 2024 – Pakistan has revealed the tax rates on cash withdrawals for tax year 2024. The move aims to boost revenue collection and promote financial transparency by encouraging participation in the tax system.
(more…)Author: Shahnawaz Akhter
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Rupee Poised for Strong Surge Against Dollar in Coming Week
Karachi, January 7, 2024 – The Pakistani Rupee (PKR) is gearing up for a significant uptrend against the US dollar in the upcoming week, propelled by recent foreign inflows and the anticipated approval of funds by the International Monetary Fund (IMF).
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New Data Reveals Pakistan’s Transition to Digital Payments
Karachi, January 6, 2024 – Recent data released by the State Bank of Pakistan (SBP) indicates a significant shift in Pakistan’s financial landscape, with the country increasingly adopting digital payments and moving away from traditional paper or cash-based transactions.
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RTO Lahore Leads Highest Number of Active Taxpayers in 2023
Karachi, January 6, 2024 – The Regional Tax Office (RTO) Lahore has emerged as the frontrunner in registering the highest number of active taxpayers, securing the top spot among various tax offices in Pakistan.
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LTO Karachi Emerges as Top Performer in Tax Collection in 2023
Karachi, January 6, 2024 – In a remarkable achievement, the Large Taxpayers Office (LTO) Karachi has secured the top position in tax collection among the offices of the Federal Board of Revenue (FBR) in Pakistan.
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FBR’s 2023 Audit Performance: Bleak with 1% Recovery
Karachi, January 5, 2024 – The annual performance report of the Federal Board of Revenue (FBR) for the tax year 2023 has revealed a bleak picture, indicating only a one percent recovery out of the total demand created through audits.
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Pakistan Central Government Debt Reaches Rs 63.4 Trillion
Karachi, January 5, 2024 – Pakistan Central Government’s debt situation has been revealed in the latest figures, indicating a total debt of Rs 63.4 trillion as of November 2023.
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Pakistan Customs Unveils Conditions for Drawback Repayment
Karachi, January 5, 2024 – Pakistan Customs has established a set of conditions for the repayment of drawback on the export of imported goods during the tax year 2024.
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FBR Unveils 2024 Tax Rates on Rental Income
Karachi, January 5, 2024 – The Federal Board of Revenue (FBR) has released the much-anticipated tax rates on rental income for the tax year 2024, outlining a progressive structure aimed at ensuring a fair and equitable taxation system.
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SRB Issues Fresh Guidelines to Banks on Sales Tax Payment
Karachi, January 4, 2024 – The Sindh Revenue Board (SRB) has recently issued updated guidelines to banks concerning the payment of sales tax on services in the province.
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