Karachi, January 11, 2024 – The Federal Board of Revenue (FBR) has granted Customs authorities the authority to share confidential trade data under specific conditions for the tax year 2024.
(more…)Author: Shahnawaz Akhter
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FBR Releases List of Income Tax-Exempt Entities for 2024
Karachi, January 11, 2024 – The Federal Board of Revenue (FBR) has unveiled a detailed list of entities entitled to income tax exemption for the tax year 2024.
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Government Bank Borrowing Hits Rs 4.28 Trillion in 1HFY24
Karachi, January 11, 2024 – The federal government has borrowed an unprecedented Rs 4.28 trillion during the first half (July – December) of the current fiscal year 2023-24, marking a substantial surge compared to the corresponding period last year.
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FBR May Cancel Customs Registration for Non-Compliance
Karachi, January 10, 2024 – The Federal Board of Revenue (FBR) in Pakistan has powers to cancel customs registration for non-compliance to ensure compliance with prevailing laws in the tax year 2024.
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Pakistan Grants Tax Exemption to Judges of Higher Courts
Karachi, January 10, 2024 – Pakistan has introduced income tax exemptions on various allowances granted to judges of higher courts during the tax year 2024.
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Pakistan’s Saving Schemes Observe 8.37% Investment Decline
Karachi, January 9, 2024 – Pakistan is grappling with a substantial decline in investment in saving schemes, as official data released on Tuesday by the State Bank of Pakistan (SBP) indicates a notable downturn for the period ending November 2023.
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Pakistan Customs Updates Baggage Declaration Rules for 2024
Karachi, January 9, 2024 – In a bid to enhance customs procedures and curb illicit activities, Pakistan Customs has recently updated the rules governing baggage declaration for the tax year 2024.
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FBR Grants Tax Exemption to Employee Perquisites in 2024
Karachi, January 9, 2024 – The Federal Board of Revenue (FBR) has recently announced a tax exemption on various perquisites granted to employees by virtue of their employment.
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Pakistan Customs Enables Duty-Free Transshipment in 2024
Karachi, January 8, 2024 – In a bid to streamline trade processes and promote efficient logistics, Pakistan Customs has authorized transshipment without duty payment during the tax year 2024.
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FBR Grants Tax Exemption to Gratuity Payments in 2024
Karachi, January 8, 2024 – The Federal Board of Revenue (FBR) has announced a tax exemption for gratuity payments during the tax year 2024.
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