The Sales Tax Act, 1990, clearly outlines the procedures for service of notices, orders, or decisions to taxpayers or other persons under its jurisdiction. These procedures are governed by Section 56 of the Act, which specifies the acceptable modes of service to ensure proper communication and compliance.
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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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Extensive Tools Empower IR Officers for Tax Recovery
Karachi, January 16, 2025 – Officers of Inland Revenue (IR) have been provided with extensive mechanisms under the Sales Tax Act, 1990, to ensure the recovery of outstanding sales tax arrears. These measures are outlined in Section 48 of the Act, offering a comprehensive framework to address cases of unpaid taxes.
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FBR Workforce Accounts for Only 2% of Total Tax Collection
Karachi, January 15, 2025 – A startling revelation has emerged from the Federal Board of Revenue’s (FBR) official tax collection data, exposing that the vast network of FBR officials contributed a mere 2% to the overall tax collection efforts.
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FBR Transfers 49 IRS Officers Amid Rising Tax Collection Shortfall
Islamabad, January 15, 2025 – In response to ongoing concerns about a tax collection shortfall, the Federal Board of Revenue (FBR) has carried out a significant reshuffle, transferring 49 Inland Revenue Service (IRS) officers from BS-17 to BS-20. The reshuffle comes at a crucial time, with the FBR facing a revenue collection gap of approximately Rs 380 billion in the first half (July–December) of the current fiscal year.
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Pakistan to Extend Regulatory Duty on Steel Products
ISLAMABAD: The government of Pakistan is set to extend the regulatory duty on steel products for an additional three months, according to reliable sources. This decision comes in light of recommendations made by the Tariff Policy Board (TPB) to sustain support for the domestic steel industry.
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FBR Unveils Arrest Guidelines for Inland Revenue Officers
Karachi, January 14, 2025 — The Federal Board of Revenue (FBR) has unveiled a detailed procedure governing the actions of Inland Revenue (IR) officers in the arrest of individuals suspected of violating tax laws.
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Punjab Expands Broadening of Tax Base to District Level
Lahore, January 14, 2025 – The Punjab government has intensified its efforts to broaden the tax base by extending initiatives to the district level, aiming to incorporate more taxable services into the formal tax net. This step is part of a broader strategy to enhance revenue collection and ensure equitable compliance.
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Senate Takes Notice of FBR’s Procurement of 1,010 Honda Cars
Islamabad, January 14, 2025 – The Senate Standing Committee on Finance and Revenue has raised concerns over the Federal Board of Revenue (FBR)’s recent acquisition of 1,010 new Honda cars for its officials. The committee has formally directed the FBR chairman to provide detailed information regarding this procurement, citing the need for transparency and fiscal responsibility.
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FTO Directs FBR to Clarify Tax Deduction on Internet Usage
Karachi, January 14, 2025 – The Federal Tax Ombudsman (FTO) has instructed the Federal Board of Revenue (FBR) to clarify issues surrounding the withholding tax deduction on internet usage.
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Financial Sector Emerges as Largest Beneficiary of Tax Relief: FBR
Karachi, January 14, 2025 – The Federal Board of Revenue (FBR) has revealed that the financial sector emerged as the largest beneficiary of income tax relief during the tax year 2024. The findings were disclosed in a detailed report highlighting the exemptions and concessions provided across various sectors.
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