Islamabad, May 11, 2024: Pakistan has pledged not to launch any tax amnesty schemes in fiscal year 2024-25 as part of its commitment to bolster the country’s fiscal sustainability and ensure continuous fiscal consolidation.
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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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Telecom Operators Begin Blocking SIMs of Non-Filers in Pakistan
Islamabad, May 10, 2024 – Pakistan’s telecom operators have begun the process of blocking mobile phone SIM cards belonging to individuals who have not filed their income tax returns.
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Aurangzeb Directs FBR to Intensify Detection of Sales Tax Fraud
Islamabad, May 10, 2024 – In a move to clamp down on rampant sales tax fraud and the circulation of fake invoices, Finance Minister Muhammad Aurangzeb instructed the Federal Board of Revenue (FBR) to intensify their detection and investigatory efforts.
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PTBA Proposes Comprehensive Digitalization in Budget 2024-25
Karachi, May 10, 2024 – The Pakistan Tax Bar Association (PTBA) has officially presented a set of proposals to Finance Minister Muhammad Aurangzeb for the upcoming 2024-25 budget, placing significant emphasis on the digitalization of the economy.
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FBR Receives Proposals to Clamp Down Benami Car Purchases
KARACHI, May 9, 2024 – The Federal Board of Revenue (FBR) is considering new measures for the 2024-25 budget to combat benami (anonymous) transactions in the automobile sector and to enhance tax collection across various sectors.
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FBR Initiates Date of Birth Verification for Customs Officials
Islamabad, May 8, 2024 – The Federal Board of Revenue (FBR) has commenced a comprehensive verification of date of birth records for officials within Pakistan Customs, aiming to streamline the process of managing retirement cases and other related administrative matters.
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World Bank Vice President Applauds FBR Reforms
Islamabad, May 8, 2024 – In a significant meeting held at the Federal Board of Revenue (FBR) headquarters on Wednesday, Martin Raiser, Vice President of the World Bank, met with Amjed Zubair Tiwana, the Chairman of FBR and Secretary of the Revenue Division.
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Proposal to Lift Import Tax for Manufacturers in Budget 2024-25
The business community has recently put forth a significant proposal for budget 2024-25 aimed at boosting efficiency of manufacturers within Pakistan.
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FBR Crackdown on Non-Filers Threatens 2.5 Million SIMs
Karachi, May 8, 2024 – The Federal Board of Revenue (FBR) has issued a directive that could lead to the suspension of approximately 2.5 million mobile phone SIMs.
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FBR Tightens Oversight on Sales Tax Collection via Bank Accounts
Islamabad, May 8, 2024 – The Federal Board of Revenue (FBR) has rolled out new guidelines aiming to enhance the regulatory framework for the collection of sales tax and federal excise duty (FED) through the attachment of taxpayers’ bank accounts.
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