Islamabad, April 8, 2024- In a recent development, the classification committee of Pakistan Customs has announced the imposition of a 20 percent customs duty on the import of “CDM MAS CRUMBS,” a milk-based mixture with cocoa used in chocolates.
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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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SRB Extends Deadline for March 2024 Tax Filings and Payments
In response to the evolving circumstances, the Sindh Revenue Board (SRB) has announced an extension of the deadline for filing monthly sales tax returns and the associated tax payments for March 2024.
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FBR Discloses Names of 3.91 Million Active Taxpayers
Karachi, April 8, 2024 – In a significant development, the Federal Board of Revenue (FBR) has unveiled the names of 3.91 million active taxpayers, marking a substantial surge in tax compliance.
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FBR May Propose Legislation for Expedited Disposal of Tax Cases
The Federal Board of Revenue (FBR) has taken significant steps towards streamlining tax litigation processes by drafting new legislation aimed at expediting the disposal of tax cases.
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How to Claim Income Tax Refund in Pakistan?
Claiming income tax refunds in Pakistan has become a streamlined process, ensuring ease and efficiency for taxpayers. The Federal Board of Revenue (FBR), Pakistan’s premier tax authority, has delineated the steps necessary for obtaining income tax refunds.
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PTBA Lambasts FBR’s Remarks on Lawyers in Tajir Dost Scheme
Karachi, April 6, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced its strong disapproval of recent statements made by the Federal Board of Revenue (FBR) regarding the involvement of tax lawyers in the newly introduced Tajir Dost Scheme, a tax simplification initiative aimed at shopkeepers and traders.
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Philip Morris Pakistan and FBR Locked in Lengthy Legal Disputes
Philip Morris Pakistan Limited, a leading cigarette manufacturer in the country, has unveiled a complex web of litigations stretching across numerous years against tax authorities, which have resulted in substantial tax demands.
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Super Tax and Deemed Income Tax under Tajir Dost Scheme
Karachi, April 5, 2024 – Shopkeepers and traders enrolled in the newly launched Tajir Dost Scheme are required to pay super tax and tax on deemed income, as outlined by the Federal Board of Revenue (FBR) through the Tajir Dost (Special) Procedure, 2024.
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FBR Enforces Media Silence for Officials, Restricting Interaction
Karachi, April 5, 2024 – The Federal Board of Revenue (FBR) has issued a directive prohibiting its officials from engaging directly with the media, sparking debates over transparency and accountability within the organization.
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FBR Sees Tax Registration Surge After Market Survey
Peshawar, April 4, 2024 – The Federal Board of Revenue (FBR) has reported a significant increase in tax registrations within the trading community following an extensive market survey.
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