Karachi, September 27, 2023 – Non-resident Pakistanis are encountering significant challenges as they attempt to file their income tax returns for the tax year 2023, primarily due to persistent glitches in the Federal Board of Revenue’s (FBR) online portal.
(more…)Author: Shahnawaz Akhter
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FBR Issues Procedure for Income Tax Return Filing Date Extension
Karachi, September 27, 2023 – The Federal Board of Revenue (FBR) has released a detailed procedure for individuals and entities seeking an extension in the filing of income tax returns.
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Banks to Extend Saturday Hours for Duty Drawback Claims
Karachi, September 27, 2023 – In a move to facilitate the resubmission of claims under duty drawback schemes, the State Bank of Pakistan (SBP) has directed commercial banks to keep their branches open on Saturday, September 30, 2023.
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FBR May Extend Return Filing Date for Tax Year 2023 Amidst Technical Challenges
Karachi, September 27, 2023 – The Federal Board of Revenue (FBR) is contemplating an extension of the deadline for filing income tax returns for the tax year 2023, following a surge in complaints from taxpayers grappling with technical difficulties in the online filing process.
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FBR Exempts Categories of Taxpayers from Tax Return Filing
Karachi, September 26, 2023 – The Federal Board of Revenue (FBR) has announced that certain categories of taxpayers are exempt from filing annual income tax returns for the tax year 2023.
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Pakistan Sets New Record with 4.72 Million Income Tax Returns
Islamabad, September 25, 2023 – Pakistan has reported a record-breaking number of 4.72 million income tax returns for the tax year 2022, as per official data released on Monday.
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SBP Suspends Authorization of Two Exchange Companies for Regulatory Violations
KARACHI, September 25, 2023 – The State Bank of Pakistan (SBP) announced on Monday that it has suspended the authorization of two exchange companies for violations of regulatory guidelines.
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FTO Orders Fact-Finding Committee in Case of Non-Clearance of Bentley Car
Karachi, September 25, 2023 – The Federal Tax Ombudsman (FTO) has issued directives to establish a fact-finding committee in response to a complaint regarding the non-clearance of a Bentley Continental Car.
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BMG Achieves Landslide Victory in KCCI Elections 2023
Karachi, September 25, 2023 – In a resounding victory, the Businessmen Group (BMG) has secured a landslide win in the 2023 annual elections of the Karachi Chamber of Commerce and Industry (KCCI).
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FBR Mandates Companies to Deduct 10% Withholding Tax on Issuance of Bonus Shares
Karachi, September 24, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by directing companies to implement a 10 percent withholding tax on the issuance of bonus shares. This move comes as part of the government’s efforts to enhance tax collection and revenue generation.
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