ISLAMABAD: The Federal Board of Revenue (FBR) has officially activated the International Centre of Tax Excellence (ICTE) to enhance international tax cooperation, revenue forecasting, tax analysis, and the overall design and delivery of tax administration. This initiative aims to maximize revenue collection and modernize Pakistan’s tax system.
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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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Pakistan Customs Decides Pepsi Cola Classification Case
Karachi, January 13, 2025 – The Classification Committee of Pakistan Customs has issued its verdict on the classification of “Kola Vanilla Extract,” a product imported by Pepsi Cola International. This decision, forwarded by the Collectorate of Customs (Appraisement) Islamabad, resolves a long-standing debate about the appropriate tariff heading for the product.
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PM Shehbaz Wants Artificial Intelligence for Customs Clearance
Islamabad, January 13, 2025 – Prime Minister Muhammad Shehbaz Sharif on Monday expressed his desire that artificial intelligence should take control the clearance at Pakistan Customs.
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Aurangzeb Confident Over Achieving FY25 Tax Collection Target
Finance Minister Muhammad Aurangzeb on Monday expressed optimism that Pakistan will successfully meet its tax collection target for the fiscal year 2024-25. During a televised interview on Bloomberg’s program, The Asia Trade, Aurangzeb highlighted that Pakistan’s tax-to-GDP ratio had risen to 10.8% by December 2024.
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Taxpayer Money Drives Heated Debate on FBR Honda Car Fleet
Karachi, January 13, 2025 – A heated debate has erupted among taxpayers over the Federal Board of Revenue’s (FBR) plan to purchase 1,010 Honda City 1.2 L CVT cars as part of its initiative to strengthen enforcement measures.
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FBR Purchases 1,010 Honda City 1.2 L to Boost Tax Enforcement
Islamabad, January 12, 2025 – The Federal Board of Revenue (FBR) has announced the purchase of 1,010 Honda City 1.2 L CVT vehicles to bolster its enforcement efforts against tax evasion. This significant acquisition is part of the FBR’s strategy to enhance its operational capabilities and expand its tax net.
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PM Shehbaz Sets Rs15M Reward for Faceless Customs Rollout
Islamabad, January 12, 2025 – Prime Minister Muhammad Shehbaz Sharif has announced a reward of Rs 15 million for the team responsible for implementing the innovative Faceless Customs Assessment System, marking a major leap forward in modernizing Pakistan’s customs operations.
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LTO Karachi Launches Squad to Tackle Tax Evasion
Karachi, January 12, 2025 – The Large Taxpayers Office (LTO) Karachi has established the Inland Revenue Enforcement Network (IREN) to address tax evasion within its jurisdiction. This initiative aligns with directives issued by the Federal Board of Revenue (FBR), which outlined the scope and functions of the IREN network and the enforcement units within field formations possessing legal territorial or tax jurisdiction over specific cases.
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Government to Make Shopping Difficult for Non-Filers: FBR Chief
Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), has announced plans to introduce new legislation aimed at making shopping more challenging for individuals who fail to file their tax returns.
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Sales Tax Act Empowers IR Officers to Arrest and Prosecute
Karachi, January 11, 2025 – The Sales Tax Act, 1990, empowers officers of Inland Revenue (IR) to arrest and prosecute individuals for non-compliance with tax laws, strengthening enforcement mechanisms for tax evasion and fraud.
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