Karachi, February 4, 2025 – The ongoing standoff between the Federal Board of Revenue (FBR) and the All Pakistan Customs Clearing Agents Association (APCCA) has reached a critical juncture, with the customs sector facing potential paralysis if the government does not address APCCA’s demands. As tensions escalate, the question remains whether authorities will engage in negotiations or maintain their rigid stance against the association’s ultimatum.
(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 unveils duty-free vehicle import scheme for Gwadar
Karachi, February 4, 2025 – The Federal Board of Revenue (FBR) has announced a major step to support the construction, development, and operations of Gwadar Port and the Gwadar Free Zone Area by allowing the duty and tax-free import of vehicles by concession holders and their operating companies.
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KTBA proposes solutions to eliminate sales tax return issues
Karachi, February 4, 2025 – The Karachi Tax Bar Association (KTBA) has proposed comprehensive solutions to resolve the persistent issues taxpayers face while filing sales tax returns.
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PM task force recommends amnesty for property transactions
Islamabad, February 4, 2025 – A high-level task force established by Prime Minister Mohammad Shehbaz Sharif has put forward significant recommendations aimed at revitalizing the real estate sector by introducing an amnesty on property transactions.
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PCDMA highlights complexities in SRO 55 issued by FBR
Karachi, February 3, 2025 – The Pakistan Chemical and Dyes Merchants Association (PCDMA) has expressed concerns over the complexities arising from SRO 55(I)/2025, issued by the Federal Board of Revenue (FBR), and its potential impact on traders.
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APCAA warns of countrywide halt in customs clearance operations
Karachi, February 3, 2025 – The All Pakistan Customs Agents Association (APCAA) has issued a stern warning to halt all customs clearance operations across the country in response to the suspension of its members’ licenses.
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FBR updates sales tax exemption procedure
Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) has revised and clarified the procedure for obtaining a sales tax exemption on imports, ensuring a streamlined process for entitled organizations and agencies.
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Sindh approves landmark agricultural income tax law
Karachi, February 3, 2025 – In a historic move, the Sindh government has officially approved the imposition of an agricultural income tax, marking a significant policy shift aimed at enhancing fiscal discipline and revenue generation.
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FBR likely to abolish section 7E on deemed property income
Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) is expected to eliminate Section 7E of the Income Tax Ordinance, 2001, which pertains to the taxation of deemed property income.
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KCAA to stage protest against suspension of customs agents
Karachi, February 2, 2025 – The Karachi Customs Agents Association (KCAA) has announced plans to stage a protest against the recent suspension of customs agents accused of manipulating the Faceless Customs Assessment (FCA) system.
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