Karachi, December 12, 2023 – The Federal Board of Revenue (FBR) has posted Dr. Fareed Iqbal Qureshi as the new Member Customs Operations, effective Tuesday.
(more…)Author: Shahnawaz Akhter
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FBR Extends Electronic Invoicing Condition to FMCGs
Islamabad, December 12, 2023 – The Federal Board of Revenue (FBR) has extended the requirement for electronic sales tax invoicing to the sale of fast moving consumer goods (FMCGs).
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FPCCI and PTBA Forge Alliance for Expanding Pakistan’s Tax Base
Karachi, December 12, 2023 – Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Pakistan Tax Bar Association (PTBA) have joined forces to spearhead an ambitious agenda for the broadening of the tax base in Pakistan.
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SBP Maintains Policy Rate at 22% for Fourth Consecutive Time
Karachi, December 12, 2023 – The State Bank of Pakistan (SBP) announced on Tuesday that it would maintain the benchmark policy rate at 22 percent for the fourth consecutive time.
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Procedure to Change Particulars in Sales Tax Registration
Karachi, December 12, 2023 – The Federal Board of Revenue (FBR) has issued procedure to change particulars in sales tax registration during tax year 2024.
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Mandatory Issuance of Tax Certificates for Withholding Agents
Karachi, December 12, 2023 – Issuance of tax collection certificates has been made mandatory for withholding agents during tax year 2024.
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FBR Notifies Amended Rules for Sales Tax Integration
Karachi, December 11, 2023 – Federal Board of Revenue (FBR) on Monday notified amended rules for integration of electronic invoicing and licensing for sales tax registered persons.
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High Taxes Promote Illicit Tobacco Trade
Karachi, December 11, 2023 – Advocates for anti-tobacco measures pushing for higher taxes on tobacco products inadvertently contribute to the growth of the illicit tobacco industry.
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Mandatory sales tax registration Requirements in TY2024
Karachi, December 11, 2023 – Tax authorities have issued mandatory requirement for sales tax registration during tax year 2024.
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Release of Tax Exemption Certificates to Non-Residents
Karachi, December 11, 2023 – Federal Board of Revenue (FBR) has issued procedure for release of tax exemption certificates to non-residents during tax year 2024.
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