Karachi, February 13, 2025 – The Karachi Tax Bar Association (KTBA) has called upon the Federal Board of Revenue (FBR) to immediately withdraw the show-cause notices served to salaried individuals regarding tax recoveries.
(more…)Category: Taxation
Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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FBR Updates Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, February 12, 2025 – The Federal Board of Revenue (FBR) has introduced a detailed procedure governing zero-rated supplies to duty-free shops (DFS) across Pakistan.
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RTO Hyderabad Seals Famous Bakery for Issuing Fake Invoices
Hyderabad, February 12, 2025 – The Regional Tax Office (RTO) Hyderabad on Wednesday took decisive action against tax fraud by sealing three branches of a well-known bakery in Hyderabad for issuing fake invoices.
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NA Committee Delays Economic Restrictions on Tax Non-Filers
Islamabad, February 12, 2025 – The National Assembly Standing Committee on Finance and Revenue has deferred the implementation of Section 114C of the Tax Laws (Amendment) Bill, 2024, which restricts economic transactions of non-filers.
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Non-Filers Drive 85% Spike in Car Buying
Karachi, February 11, 2025 – A massive increase of 85% was recorded in car buying during the month of January 2025, driven by fears of impending restrictions on non-filers of income tax returns.
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FBR Revises Karachi Property Valuation, Introduces New Criteria
Islamabad, February 11, 2025 – The Federal Board of Revenue (FBR) has amended the property valuation rates for Karachi, introducing a revised structure to ensure greater transparency in real estate assessments.
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IHC Voids ATIR Chairman’s Appointment, Orders Fresh Selection
Islamabad, February 11, 2025 – The Islamabad High Court (IHC) has nullified the appointment of the chairman of the Appellate Tribunal of Inland Revenue (ATIR) and instructed the authorities to appoint a new chairman under revised regulations.
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SHC Reinstates Licenses of Suspended Customs Agents
Karachi, February 11, 2025 – The Sindh High Court (SHC) has overturned the suspension of multiple customs agents whose licenses had been revoked by the Federal Board of Revenue (FBR) over alleged manipulation of the faceless customs assessment system.
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LTO Karachi Seals Zelbury Outlet for Issuing Unverified Invoices
Karachi, February 11, 2025 – The Large Taxpayers Office (LTO) Karachi has taken decisive action by sealing an outlet of Zelbury, a well-known online fashion shopping platform, for issuing unverified sales tax invoices.
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FBR Updates Valuation Criteria for Sales Tax on Used Vehicles
Karachi, February 11, 2025 – The Federal Board of Revenue (FBR) has revised the valuation method for used vehicles concerning the calculation of sales tax.
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