PkRevenue.com – A storm is brewing in the tax community as the Finance Bill 2024 proposes to revoke the power of Commissioners of Inland Revenue to issue tax exemption certificates.
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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 Unveils Strategy to Achieve Rs 12.97 Trillion Target in 2024-25
The Federal Board of Revenue (FBR) is gearing up to achieve an ambitious tax collection target of Rs 12.97 trillion for the fiscal year 2024-25, according to the recently released budget documents.
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Senators Reject Hike in Tax Rates for Salaried Class
In a decisive move, senators have rejected the proposed increase in tax rates for the salaried class in the 2024-25 budget, following a comprehensive review of contributions from various sectors.
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FBR Forms Committees to Resolve Finance Bill 2024 Anomalies
Islamabad, June 15, 2024 – The Federal Board of Revenue (FBR) announced the formation of two high-powered committees on Saturday, tasked with identifying and resolving anomalies in the Finance Bill 2024.
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Tax Experts Decry Harsh Budget Measures in KTBA Seminar
Karachi, June 15, 2024 – A seminar hosted by the Karachi Tax Bar Association (KTBA) on Saturday saw prominent tax specialists and a representative from the Federal Board of Revenue (FBR) dissect the recently unveiled budget for the 2024-25 fiscal year.
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Finance Bill 2024 Unveils Changes to Capital Gains Tax Regime
The recently introduced Finance Bill 2024 brings significant alterations to Pakistan’s capital gains tax regime, applicable from July 1, 2024. Let’s delve into the key updates for both individuals and businesses.
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Finance Bill 2024 Unveils Enhanced Tax Rates for Phone Users
Islamabad, June 15, 2024 – The Finance Bill 2024 has introduced higher withholding tax rates for users of telephone and internet services, effective from July 1, 2024. This change aims to enhance tax compliance and revenue collection by the Federal Board of Revenue (FBR).
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Finance Bill 2024 Resolves Super Tax Application Dispute
Karachi, June 15, 2024 – The Finance Bill 2024 has addressed a longstanding dispute regarding the application of super tax, providing much-needed clarity for businesses, according to tax experts.
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SRB Extends Date for Sales Tax Return Filing to June 24, 2024
Karachi, June 15, 2024 – The Sindh Revenue Board (SRB) has announced an extension for the filing of sales tax returns for the month of May 2024.
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FBR Extends Sales Tax Return Filing Deadline to June 24, 2024
Islamabad, June 14, 2024 – The Federal Board of Revenue (FBR) announced on Friday an extension for the deadline to file sales tax and federal excise returns.
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