Karachi, May 21, 2024 – The Federal Board of Revenue (FBR) is considering imposing a new tax on the real estate sector, aiming to tap into an estimated Rs 500 billion.
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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 Reports 4.30 Million Active Taxpayers
Karachi, May 20, 2024 – The Federal Board of Revenue (FBR) reported on Monday that the number of active taxpayers for the tax year 2023 has surged to 4.30 million.
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KCCI Seeks Sales Tax Exemption on Gold Import
Karachi, May 20, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to grant a sales tax exemption on the import of gold for export purposes.
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PBC Recommends Abolishing Section 8B of Sales Tax Act
Karachi, May 19, 2024 – The Pakistan Business Council (PBC) has proposed the abolition of Section 8B of the Sales Tax Act, 1990, in its budget recommendations for the fiscal year 2024-25.
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Voting for IRS Officers Association Election on May 26-27
The Inland Revenue Service (IRS) Officers Association is gearing up for its highly anticipated election, scheduled for Sunday, May 26, and Monday, May 27.
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KCCI Suggests Adjusting Refunds against Sales Tax Liability
Karachi, May 18, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has proposed that the Federal Board of Revenue (FBR) permit the adjustment of sales tax refunds against sales tax liabilities to address significant delays in payments.
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FBR Establishes Joint Working Group for Phone SIM Blocking
Islamabad, May 17, 2024 – The Federal Board of Revenue (FBR) has announced the formation of a joint working group tasked with enforcing the blocking of mobile phone SIMs belonging to non-filers of income tax returns.
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FBR Engages Traders to Address Concerns on Tajir Dost Scheme
Islamabad, May 17, 2024 – The Federal Board of Revenue (FBR) took proactive steps on Friday by convening a crucial meeting with representatives from various trade unions across the country to address concerns raised by the trade and business community regarding the implementation of the Tajir Dost Scheme.
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PIC Directs FBR to Disclose Information on Tax Evasion
The Pakistan Information Commission (PIC) has directed the Federal Board of Revenue (FBR) to disclose detailed information regarding tax evasion investigations involving prominent enterprises.
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FTO Finds Maladministration by Commissioner IR RTO-II Karachi
Karachi, May 17, 2024 – The Federal Tax Ombudsman (FTO) has uncovered significant maladministration by the Commissioner of Inland Revenue (IR) of Regional Tax Office (RTO)-II Karachi.
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