Karachi, August 8, 2023 – The non-ATL buyers of immoveable property will face 250 percent higher tax during fiscal year 2023-24, according to the Federal Board of Revenue (FBR).
(more…)Author: Shahnawaz Akhter
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ATL Broadens to 4.32 Million
Pakistan’s Active Taxpayers List (ATL) has seen a significant increase, reaching 4.32 million, owing to measures that compelled non-compliant individuals and businesses to join the documentation system.
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Latest Tax Rates for Electricity Consumption in FY 2023-24
Karachi, August 6, 2023 – The Federal Board of Revenue (FBR) has announced the latest tax rates for electricity consumption for the fiscal year 2023-24.
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FBR Introduces 200% Higher Tax Rates for Non-ATL Motor Vehicle Registration in FY 2023-24
In a move aimed at broadening the tax net and encouraging tax compliance, the Federal Board of Revenue (FBR) has announced a substantial 200 percent increase in tax rates for individuals not appearing on the Active Taxpayers List (ATL) at the time of motor vehicle registration during the fiscal year 2023-24.
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FBR Chairman Constitutes Committee to Address Tax Issues Faced by Karachi Business Community
Karachi, August 4, 2023 – In an effort to expedite the resolution of tax matters affecting the business community in Karachi, the Chairman of the Federal Board of Revenue (FBR), Amjad Zubair Tiwana, announced the formation of a high-powered committee.
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Pakistan Customs Official Awarded Major Penalty for Corruption
Islamabad, August 4, 2023 – In a recent development, an official of Pakistan Customs has been slapped with a major penalty following charges of corruption, misconduct, and inefficiency.
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Badshah Khan Wazir Appointed as FBR’s Member Inland Revenue – Operations
Islamabad, August 3, 2023 – The Federal Board of Revenue (FBR) has announced the appointment of Mir Badshah Khan Wazir as Member Inland Revenue (IR) – Operations, effective immediately.
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Karachi Port Shipping Intelligence Report on August 3, 2023
Karachi, August 3, 2023 – The Karachi Port Trust (KPT) has released its latest Shipping Intelligence report, detailing the ongoing activities at the port.
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Daily Cargo Handling Report of Karachi Port on August 03, 2023
Karachi, August 3, 2023 – In a commendable display of efficiency, the Karachi Port Trust successfully managed the handling of a substantial 86,037 tons of cargo in the last 24 hours, concluding at 0700 hours on August 3, 2023.
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Tax Rates on Bank Deposits and Saving Schemes in Pakistan Revealed
Karachi, August 3, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued an official notification revealing the tax rates on bank deposits and national savings schemes under Section 151 of the Income Tax Ordinance, 2001.
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