Karachi, March 12, 2024 – The Large Taxpayers Office (LTO) Karachi, a key arm of the Federal Board of Revenue (FBR), has achieved an unprecedented 112% year-on-year growth in the collection of direct taxes in February 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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Procedure to Amend Personal Information for Tax Filing
Karachi, March 10, 2024 – In a bid to enhance user convenience and streamline the tax filing process, the Federal Board of Revenue (FBR) has introduced a user-friendly procedure for amending personal information for the upcoming tax year of 2024.
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FBR Chairman Optimistic about Meeting Revenue Collection Target
Islamabad, March 10, 2024 – Malik Amjed Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), has expressed his confidence in achieving the revenue collection target for the fiscal year 2023-24.
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FBR Issues SRO to Implement 25% Sales Tax on Motor Vehicles
Islamabad, March 8, 2024 – In a move to generate revenue and discourage the use of non-essential and luxury items, the Federal Board of Revenue (FBR) in Pakistan has notified a 25 percent sales tax on motor vehicles.
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FBR Directs Swift Action on Deferred Sales Tax Refund Claims
Karachi, March 7, 2024 – The Federal Board of Revenue (FBR) has issued crucial instructions to tax offices regarding the expeditious handling of deferred sales tax refund claims.
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PTBA Raises Concerns on Active Taxpayers List 2023
Karachi, March 7, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced apprehensions and raised concerns over the recently released Active Taxpayers List (ATL) for the tax year 2023 by the Federal Board of Revenue (FBR).
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SRB Seals Tour Operator Branches for Tax Default
Karachi, March 7, 2024 – In a stern move against non-compliant taxpayers, the Sindh Revenue Board (SRB) sealed two branches of a prominent tour operator on Thursday for defaulting in payment of sales tax on services.
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NBP’s Tax Contingencies Surge to Rs 34.73 Billion in CY23
Karachi, March 7, 2024 – The National Bank of Pakistan (NBP) is grappling with a substantial increase in tax contingencies, soaring to an astonishing Rs 34.73 billion by the close of the calendar year 2023.
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PM Shehbaz Directs Resolution for Rs 1.7 Trillion Tax Recovery
Islamabad, March 6, 2024 – Prime Minister Shehbaz Sharif, in a high-level meeting on the restructuring of the Federal Board of Revenue (FBR), directed authorities to expedite the resolution of legal disputes obstructing the recovery of Rs 1.7 trillion in stuck-up taxes.
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PM Shehbaz Orders Complete Digitization of Taxation System
Islamabad, March 5, 2024 – Prime Minister Muhammad Shehbaz Sharif has issued a directive for the immediate digitization of the country’s taxation system, aiming to enhance transparency, boost tax collection, and eradicate issues such as tax evasion, corruption, and smuggling.
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