Islamabad, October 1, 2024 – In a significant move to alleviate challenges faced by taxpayers, the Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah on Tuesday launched a dedicated taxpayer facilitation desk at the FTO headquarters in collaboration with the Federal Board of Revenue (FBR).
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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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FBR Outlines Tax Treatment on Unexplained Income and Assets
Karachi, October 1, 2024 – The Federal Board of Revenue (FBR) has extended its tax treatment regulations concerning unexplained income and assets for the fiscal year 2024-25, under Section 111 of the Income Tax Ordinance, 2001.
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FBR Surpasses September Target but Faces Shortfall for First Quarter
Islamabad, October 1, 2024 – In a mixed financial performance for the start of the fiscal year, the Federal Board of Revenue (FBR) managed to surpass its revenue collection target for September 2024, but fell short of the ambitious tax collection target for the first quarter (July-September) of the fiscal year 2024-25. This outcome highlights the ongoing challenges in tax mobilization, despite various revenue-generating measures introduced earlier this year.
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FBR Grants 14-Day Extension for 2024 Income Tax Return Filing
Islamabad, October 1, 2024 – In a significant move, the Federal Board of Revenue (FBR) has granted a 14-day extension for the filing of income tax returns for the tax year 2024, providing relief to millions of taxpayers.
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FBR Declines to Extend Deadline for 2024 Tax Returns Filing
Islamabad, September 30, 2024 – In a move that has disappointed millions of taxpayers across the country, the Federal Board of Revenue (FBR) on Monday confirmed that it will not be extending the deadline for the submission of income tax returns for the tax year 2024.
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FBR Unveils Single Sales Tax Return for Key Sectors in Groundbreaking Demonstration
Islamabad, September 30, 2024 – In a significant stride towards simplifying Pakistan’s tax compliance regime, the Federal Board of Revenue (FBR) on Monday showcased the much-anticipated Single Sales Tax Return (SSTR) for three pivotal sectors of the economy.
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FBR Issues Guidelines for Transactions Between Associates
Karachi, September 30, 2024 – The Federal Board of Revenue (FBR) has introduced new guidelines for transactions between associates under the Income Tax Ordinance, 2001. These rules aim to clarify and regulate how income, deductions, and tax credits should be managed between related parties.
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NCCPL to Collect August CGT on October 8, 2024
Karachi, September 30, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that the collection of Capital Gain Tax (CGT) for the month of August 2024 will take place on October 8, 2024.
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FBR Extends Return Filing Deadline for Tax Year 2024?
As the clock ticks down to the final hours of the income tax filing deadline, a critical question reverberates among Pakistan’s taxpayers: Has the Federal Board of Revenue (FBR) extended the deadline for filing income tax returns for the tax year 2024? With the deadline expiring today, millions of taxpayers remain in limbo, awaiting clarity from the country’s apex tax authority.
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Return Filing Deadline Extension: Pressure Mounting on FBR
Karachi, September 29, 2024 – The Federal Board of Revenue (FBR) finds itself under mounting pressure to extend the deadline for filing income tax returns for the tax year 2024. With the September 30 deadline looming, only a single day remains for taxpayers to submit their returns, and complaints of system breakdowns and technical delays are pouring in from across the country.
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