Finance Minister Senator Muhammad Aurangzeb reaffirmed on Saturday the government’s commitment to bring all traders into the tax net, underscoring that no exceptions would be made.
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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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Petroleum Dealers Win Tax Dispute with Government
Karachi, July 7, 2024 – Pakistan’s petroleum dealers have successfully convinced the government to reverse a new tax regulation after arguing it amounted to double taxation.
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Pakistan Cracks Down on Nuclear Smuggling with New Laws
Karachi, July 6, 2024 – Pakistan has taken a significant step towards bolstering national and international security by introducing stricter penalties for the smuggling of nuclear and radioactive materials.
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FBR Nets 4.5 Million Potential Tax Evaders in Digital Dragnet
Islamabad, July 6, 2024 – Pakistan’s Federal Board of Revenue (FBR) has made a significant breakthrough in its efforts to combat tax evasion. In a briefing presented to Prime Minister Shehbaz Sharif, the FBR identified a staggering 4.5 million individuals with taxable income who are currently not registered within the national tax system.
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PM Shehbaz Asks FBR to Create Dashboard to Monitor Digitization
Islamabad, July 5, 2024 – Prime Minister Shehbaz Sharif, emphasizing the government’s priority of digitizing the taxation system to prevent tax evasion worth billions of rupees, directed the concerned authorities on Friday to promptly establish a dashboard to monitor the ongoing digitization and the implementation of reforms.
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Pakistan Customs Gets Teeth to Fight Money Laundering in Trade
Karachi, July 5, 2024 – Pakistan is taking a significant step towards combating money laundering in foreign trade with the establishment of a new directorate within the Pakistan Customs department.
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Finance Act, 2024: Intelligence Bureau to Assist Pakistan Customs
Karachi, July 5, 2024 – The Finance Act, 2024, has empowered the officers of Pakistan Customs to seek assistance from the Intelligence Bureau (IB) for resolving particular cases.
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FBR Announces Major Reshuffle of 51 Senior Customs Officers
Karachi, July 4, 2024 – In a significant administrative move, the Federal Board of Revenue (FBR) of Pakistan has announced a comprehensive reshuffle affecting 51 senior officers within the Pakistan Customs Service (PCS).
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KTBA Flags Technical Issue Post SRO 350 for Sales Tax Returns
Karachi, July 4, 2024 – The Karachi Tax Bar Association (KTBA) has identified a critical impediment affecting taxpayers’ ability to submit their final sales tax returns following the issuance of SRO 350.
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FBR Makes Batch of 27 BS-20 Officers as OSD
Karachi, July 4, 2024 – In a sweeping move aimed at cleansing its ranks of alleged incompetence and corruption, the Federal Board of Revenue (FBR) has relegated a cohort of 27 officers to Officer on Special Duty (OSD) status.
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