PkRevenue.com – In a significant ruling, the Balochistan High Court has declared Section 7E of the Income Tax Ordinance 2001, which imposed a tax on immovable properties based on deemed income, as ultra vires to the Constitution.
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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 Achieves 31% Revenue Collection Growth in 11MFY24
PkRevenue.com – The Federal Board of Revenue (FBR) has recorded an impressive 31 percent growth in revenue collection during the first eleven months (July-May) of the fiscal year 2023-24.
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Turmoil at Tax Offices: FBR Suspends Lahore RTO DC
PkRevenue.com – The Federal Board of Revenue (FBR) has suspended Khurram Fakhar Siddique, Deputy Commissioner (DC) Headquarter, Regional Tax Office (RTO) Lahore.
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FBR Issues Urgent Directives to IR Offices on Tax Collection
PkRevenue.com – In an urgent move, the Federal Board of Revenue (FBR) has directed Inland Revenue offices to observe extended working hours today, Friday, May 31, 2024, to bolster revenue collection efforts.
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FBR Transfers Key Lahore Tax Officers in Surprise Shakeup
PkRevenue.com – In an unexpected move just days before the federal budget presentation, the Federal Board of Revenue (FBR) has transferred key officials from the Large Taxpayers Office (LTO) in Lahore to the administrative pool.
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Pakistan Poised for Sales Tax Hike and Income Tax Overhaul
PkRevenue.com – Pakistan is preparing to further increase the sales tax rate in the upcoming 2024-25 budget to generate significant revenue for the next fiscal year.
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KTBA Elects Office Bearers and EC Members for Term 2024
Karachi, May 30, 2024 – The Karachi Tax Bar Association (KTBA) has announced the names of its newly elected office bearers and executive committee (EC) members for the term ending September 30, 2024.
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US Treasury Opens Direct File Option for Tax Season 2025
WASHINGTON – On May 30, 2024, the US Department of the Treasury and the Internal Revenue Service (IRS) announced a direct file as tax filing options for Americans.
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FBR Suggests New CGT on Non-Residents’ Capital Assets
PkRevenue.com – In a move aimed at tightening tax regulations, the Federal Board of Revenue (FBR) has proposed the imposition of capital gains tax (CGT) on the disposal of capital assets by non-residents.
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KPRA Surpasses Annual Tax Collection Target One Month Ahead
PkRevenue.com – The Khyber Pakhtunkhwa Revenue Authority (KPRA) has achieved a significant milestone by surpassing its revenue collection target for the financial year 2023-24, a full month ahead of schedule.
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