Islamabad, October 27, 2024 – The Federal Board of Revenue (FBR) has sealed two prominent restaurants in Islamabad’s commercial districts, Blue Area and Super Market, for allegedly issuing counterfeit invoices through their Point of Sale (POS) systems.
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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 Clarifies Role of DG Customs Intelligence and Investigation
The Federal Board of Revenue (FBR) issued a formal clarification on Sunday, addressing recent media reports that misrepresented the role and achievements of the Directorate General of Intelligence and Investigation (Customs).
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FBR Sets Valuation for Your Immovable Property: Check Now
The Federal Board of Revenue (FBR) has officially set the valuation of immovable properties, a significant move aimed at enhancing the collection of withholding tax.
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FBR Mandates Customs to Enforce Tribunal Orders with Rigor
The Federal Board of Revenue (FBR) has issued stringent directives to customs officials, urging strict adherence to the rulings passed by appellate tribunals.
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FBR Prepares Post-Deadline Crackdown to Enforce Strict Tax Compliance
Karachi, October 27, 2024 – The Federal Board of Revenue (FBR) is set to initiate a sweeping crackdown on individuals who have failed to submit their income and asset declarations by the approaching October 31 deadline.
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FBR Appoints Wajid Ali as New Member of Customs Policy
Karachi, October 26, 2024 – The Federal Board of Revenue (FBR) has appointed Wajid Ali, a senior BS-21 officer from the Pakistan Customs Service (PCS), as the new Member of Customs Policy.
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FBR Outlines Import Tax Collection Process for Tax Year 2025
Karachi, October 26, 2024 – The Federal Board of Revenue (FBR) has detailed the process for collecting advance tax at the import stage for the fiscal year 2024-25. According to the FBR, this process is primarily governed by Section 148 of the Income Tax Ordinance, 2001.
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FBR Enacts Amendments to Vehicle Import Rules for Tourists
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has announced significant amendments to regulations governing the temporary import of vehicles by tourists, aimed at enhancing compliance and ensuring that imported vehicles are utilized solely for travel purposes.
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FBR Revises Baggage Rules to Seize Commercial Quantity Goods
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has proposed amendments to the Baggage Rules, 2006, introducing provisions for the confiscation of goods brought into Pakistan in commercial quantities. The draft amendments, published through SRO 1649(I)/2024, signal FBR’s intent to intensify regulatory scrutiny over items entering the country under personal baggage exemptions.
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FBR Imposes Major Penalty on Customs Officer in Corruption Case
Karachi, October 25, 2024 – The Federal Board of Revenue (FBR) has imposed a severe disciplinary penalty, removing customs officer Shahid Naseem Joiya from service due to corruption and serious misconduct.
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