Karachi, March 30, 2024 – The Federal Board of Revenue (FBR) has taken a significant step towards facilitating small traders and shopkeepers with the issuance of SRO 457(I)/2024 to implement the Tajir Dost (Special) Procedure, 2024.
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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 Announces Conditions for Exporters to Avail Tax Concessions
Islamabad, March 29, 2024 – The Federal Board of Revenue (FBR) announced on Friday the issuance of SRO 456(I)/2024, introducing stringent conditions on exporters aiming to benefit from tax concessions and exemptions under the Export Facilitation Scheme.
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Banks Extend Operations for March 2024 Tax Collection
Karachi, March 28, 2024 – In a bid to streamline tax collection for the month of March 2024, the State Bank of Pakistan (SBP) has instructed banks to open on weekly holidays and observe special working hours to facilitate taxpayers.
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LTO Karachi Achieves Historic Rs 13 Billion Single Tax Recovery
Karachi, March 28, 2024 – In a historic milestone for the Federal Board of Revenue (FBR), the Large Taxpayers Office (LTO) Karachi made biggest-ever tax recovery, amounting to approximately Rs 13 billion, from a taxpayer for defaulting on advance tax payments.
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Pakistan Customs Sets Duty on Multi-Vitamins and Supplements
Islamabad, March 28, 2024 – Pakistan Customs has made a decisive ruling regarding the classification of duties on imported multi-vitamins, natural health products, and food supplements.
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FBR Declares Full Weekend Revenue Operations for March
Karachi, March 27, 2024 – In a move aimed at bolstering revenue collection efforts, the Federal Board of Revenue (FBR) has declared full working days during the last weekend of March 2024, suspending the usual observance of weekly holidays.
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Siddiqsons Chairman Honored as 4th Highest Taxpayer
Prime Minister Shehbaz Sharif recently presided over a ceremony at the PM Office, where awards were conferred upon 65 leading exporters and compliant taxpayers. Among the distinguished recipients, Tariq Rafi, Chairman of Siddiqsons Group, was notably recognized as the 4th highest taxpayer by the Prime Minister.
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PTC Recognized as Top Taxpaying Entity
The Government of Pakistan has bestowed the Pakistan Tobacco Company Limited (PTC) with an esteemed honor for its remarkable contribution as one of the country’s highest taxpaying entities.
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Pakistan Announces Honor Card for Top Taxpayers
In a bid to acknowledge and reward the contribution of top taxpayers towards the economic development of the country, Prime Minister Shehbaz Sharif of Pakistan has unveiled a groundbreaking initiative – the Honor Card for Top Taxpayers.
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FLYING INVOICES: LTO Karachi Unearths Rs 5 Billion Tax Evasion
Karachi, March 26, 2024 – The Large Taxpayers Office (LTO) Karachi has uncovered a staggering sales tax evasion scheme, amounting to a loss of Rs 5 billion to the national treasury through the issuance of fake and flying invoices.
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