Islamabad, September 26, 2024 – The Federal Board of Revenue (FBR) has imposed a major penalty of dismissal from service on Muhammad Furquan Baig, Inspector-IR (BS-16), for inefficiency and misconduct. The disciplinary action was initiated after Baig’s extended and unexplained absence from duty since January 1, 2024.
(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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RITBA Identifies IRIS Glitches, Seeks Return Filing Date Extension
Islamabad, September 26, 2024 – The Rawalpindi-Islamabad Tax Bar Association (RITBA) has raised concerns over technical issues in the Federal Board of Revenue’s (FBR) online tax filing system, IRIS, and called for an extension of the income tax return filing deadline for the tax year 2024.
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FBR to Launch Tax Campaign Before Penalty Enforcement
Islamabad, September 26, 2024 – The Federal Board of Revenue (FBR) announced on Thursday that it will initiate a nationwide awareness campaign to promote tax compliance before introducing strict penalties for tax evaders. The campaign is part of the government’s broader efforts to improve Pakistan’s tax compliance culture and ensure that all eligible taxpayers fulfill their legal obligations.
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Taxation of Geographical Sources of Income in Pakistan
Karachi, September 26, 2024 — The Federal Board of Revenue (FBR) has released comprehensive guidelines regarding the taxation of income based on its geographical source within Pakistan for the 2024-25 tax year.
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FBR Set to Implement Amended Rules for ATL Appearance
Karachi, September 26, 2024 – The Federal Board of Revenue (FBR) is preparing to implement amended rules governing the inclusion of individuals and entities in the Active Taxpayers List (ATL). These amendments, which are now finalized, are expected to be formally introduced soon.
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FBR Tightens Grip on Non-Filers with New Enforcement Actions
Islamabad, September 26, 2024 – The Federal Board of Revenue (FBR) is preparing to implement strict enforcement actions against non-filers of income tax returns, following the approval of the prime minister.
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LTBA Urges Extension in Deadline for Tax Return Filing
Lahore, Pakistan – September 25, 2024 – The Lahore Tax Bar Association (LTBA) has formally appealed the government to extend the deadline for filing income tax returns for the tax year 2024.
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FBR Sends SMS Alerts to Taxpayers, Enforcing Return Filing Obligations
Karachi, September 25, 2024 — The Federal Board of Revenue (FBR) has ramped up its efforts to ensure taxpayer compliance by sending out SMS reminders to registered mobile numbers, urging citizens to submit their annual income tax returns by the September 30, 2024, deadline.
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Tax Advisors Call for November 30 Extension for Return Filing
Islamabad, September 2024 — The Pakistan Tax Advisors Association (PTAA) has called upon the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns and wealth statements for the tax year 2024 from September 30 to November 30.
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Pakistan Customs Clarifies Classification of High-Speed Washer
Karachi, September 25, 2024 – The Pakistan Customs Appraisement (East) has issued an official classification of high-speed washers, declaring that these items will be subject to zero percent customs duty upon import.
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