Karachi, February 11, 2024 – The insurance sector has emerged as a significant contributor to the Sindh government’s revenue, having paid a substantial amount of Rs 10.15 billion as sales tax on services during the fiscal year 2022-23, according to the latest report released by the Sindh Revenue Board (SRB).
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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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PTBA Urges FBR for Efficient Tax Jurisdiction Processes
Karachi, February 10, 2024 – The Pakistan Tax Bar Association (PTBA), apex tax bar of the country, has called on the Federal Board of Revenue (FBR) to optimize the transfer process of tax cases to their correct jurisdictions.
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How to Modify Income Tax Registration at FBR
In a recent development, the Federal Board of Revenue (FBR) has introduced a comprehensive procedure for individuals seeking to modify their income tax registration due to changes or omissions in their information.
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Sindh Tax Collection from Food and Hospitality Grows 41%
Karachi, February 10, 2024 – Sindh has reported a remarkable 41 percent surge in sales tax collection from the food and hospitality sector during the fiscal year 2022-23, according to the annual report released by the Sindh Revenue Board (SRB).
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Pakistan Introduces New Valuation for Used LCDs and LEDs
Karachi, February 9, 2024 – In an effort to address under-invoicing concerns and streamline the determination of duties and taxes, Pakistan Customs has introduced a new valuation for old and used computer LCDs and LEDs.
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Banking Services Sales Tax Records Robust 17% Growth in FY23
Karachi, February 9, 2024 – The sales tax collection on banking services in Pakistan saw a remarkable growth of over 17 percent during the fiscal year 2022-23, as indicated by a report released by the Sindh Revenue Board (SRB) on Friday.
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Sindh Records Rs. 14.88 Billion in Telecom Services Sales Tax
Karachi, February 9, 2024 – The Sindh province has reported a significant collection of Rs. 14.88 billion as sales tax on telecom services during the fiscal year 2022-23, according to official data released on Friday.
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Port Services Sales Tax Dominates SRB Collections in FY23
Karachi, February 9, 2024 – The Sindh Revenue Board (SRB) has reported a noteworthy milestone in its fiscal year 2022-23 collections, with sales tax from port services emerging as the leading contributor, totaling Rs. 23.58 billion.
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Customs Seeks Powers to Tackle Imports under Baggage Rules
Karachi, February 9, 2024 – In a bid to curb the misuse of the Baggage Rules, Pakistan Customs is actively seeking enhanced powers to confiscate goods imported in commercial quantities.
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Basic Requirements for 2024 Income Tax Registration in Pakistan
As the tax season approaches in Pakistan for the year 2024, the Federal Board of Revenue (FBR), the apex tax agency of the country, has outlined the basic requirements for income tax registration.
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