Islamabad, February 7, 2024 – The Federal Tax Ombudsman (FTO) has directed an immediate investigation into a case of unauthorized access to tax data, revealing a concerning breach in the system.
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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 Introduces New Rules for International Oil Suppliers
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) in Pakistan has unveiled new rules for international oil suppliers, specifically addressing the import of crude oil and other petroleum products through customs bonded storage facilities.
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SRB Unveils 2024 Tax Rates for Professional Services in Sindh
Karachi, February 7, 2024 – The Sindh Revenue Board (SRB) has released the tax rates applicable to services provided by professionals and consultants for the tax year 2024.
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FBR Bans USB Usage in Tax Network After Malware Scare
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) has taken decisive action to enhance cybersecurity by prohibiting the use of USB drives in its tax network after the detection of high-severity malware.
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FBR Directs BS-21 IRS Officers to Submit Asset Declarations
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) has issued directives to officers of the Inland Revenue Service (IRS) in BS-21 to submit their asset declarations.
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SRB Outlines Tax Rates on Banking Services for Tax Year 2024
Karachi, February 5, 2024 – The Sindh Revenue Board (SRB) has outlined the sales tax rates on various services provided by banks for the tax year 2024.
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Pakistan Source Income Defined for Tax Year 2024 by FBR
Karachi, February 5, 2024 – The Federal Board of Revenue (FBR) in Pakistan has delineated the parameters for Pakistan source income for the tax year 2024, providing a comprehensive framework for the calculation of annual tax liabilities.
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New Record High 5.63 Million Active Taxpayers in Pakistan
Karachi, February 5, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached new record high at 5.63 million, according to the weekly Active Taxpayers List (ATL) for the tax year 2022.
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Insurance Services to Incur 13% Sales Tax in Sindh for 2024
Karachi, February 4, 2024 – In a significant development, insurance services offered by insurance companies will be subjected to a 13 percent sales tax in the tax year 2024, as per the updated Sales Tax on Services Act, 2011, released by the Sindh Revenue Board (SRB).
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FBR Defines Resident for Tax Year 2024 in Pakistan
Karachi, February 4, 2024 – The Federal Board of Revenue (FBR) in Pakistan has recently provided a comprehensive definition for resident individuals, associations of persons, and companies for the tax year 2024.
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