Karachi, February 3, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced its support on Saturday for the proposed restructuring plan of the Federal Board of Revenue (FBR).
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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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Guide to Tax Registration in Pakistan for Return Filing 2024
Karachi, February 3, 2024 – The Federal Board of Revenue (FBR) has released a detailed guide outlining the steps for tax registration to facilitate the filing of income tax returns for the tax year 2024.
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Customs Official Faces Major Penalty of Dismissal from Service
Islamabad, February 2, 2024 – The Federal Board of Revenue (FBR) has imposed a major penalty of dismissal from service against Syed Zeeshan Haider, an Inspector Customs (under suspension/BS-16) at the Collectorate of Customs Allama Iqbal International Airport (AIIA), Lahore.
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Pakistan Customs to Auction Used Cars in Karachi on Feb 14
Karachi, February 2, 2024 – Pakistan Customs has announced an upcoming auction of old and used cars scheduled to take place in Karachi on February 14, 2024.
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Provinces Collect Rs 230 Billion in Sales Tax in 1HFY24
Karachi, February 2, 2024 – The provinces of Pakistan have recorded an impressive collection of Rs 230 billion as sales tax on services during the first half (July – December) of fiscal year 2023-24, as per official data released by the federal finance ministry.
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KTBA Urges Alignment of FBR Portal for ATL 2024
Karachi, February 1, 2024 – The Karachi Tax Bar Association (KTBA) has raised a crucial legal concern regarding the alignment of the Federal Board of Revenue (FBR) web portal with statutory provisions for the release of the Active Taxpayers List (ATL) for the year 2024.
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FBR Launches Single Sales Tax Return for Telecom Sector
Islamabad, February 1, 2024 – In a groundbreaking move towards enhancing efficiency and reducing compliance costs, the Federal Board of Revenue (FBR) has officially launched a single sales tax return for the telecom sector, encompassing entities registered with both federal and provincial tax authorities.
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SRB Achieves Impressive 34% Collection Growth in 7MFY24
Karachi, February 1, 2024 – The Sindh Revenue Board (SRB) has reported a remarkable 34 percent growth in the collection of sales tax on services during the initial seven months (July – January) of the fiscal year 2023-24.
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FBR Reshuffles 45 Customs Officers Ahead of General Elections
Karachi, February 1, 2024 – In a significant move, the Federal Board of Revenue (FBR) has executed a major reshuffle by notifying the transfers and postings of 45 customs officers in the ranks of BS-18 to BS-21.
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Pakistan Collects Rs 16 Billion in Motor Vehicle Tax in 1HFY24
Karachi, February 1, 2024 – Pakistan’s motor vehicle tax collections have reached a noteworthy Rs 16 billion during the first half (July – December) of the fiscal year 2023-24, as revealed by official data released by the federal finance ministry.
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