PkRevenue.com – The Federal Board of Revenue (FBR) has proposed levying a sales tax on mobile phones assembled in Pakistan within the upcoming budget for 2024-25.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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ICAP Proposes Tax Relief Measures for Salaried Individuals
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a series of tax relief measures aimed at easing the tax burden on salaried individuals in the country.
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ICAP Suggests Replacing WHT Regime for Listed Companies
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a major shakeup in the tax regime for listed companies. In its recommendations for the 2023-24 budget, ICAP suggests replacing the current withholding tax (WHT) system with an adjustable advance tax regime.
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ICAP Recommends Penalty on Stop-Filers
The Institute of Chartered Accountants of Pakistan (ICAP) has put forward a strong recommendation to impose penalties on individuals and entities known as stop-filers of income tax returns.
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FBR Transfers High Profile Inland Revenue Officers on Budget Eve
PkRevenue.com – The Federal Board of Revenue (FBR) has announced the transfer and posting of several senior officers within the Inland Revenue Service (IRS) from BS-19 to BS-21, effective immediately.
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ICAP Proposes Direct Refund Credit for Salaried Persons
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has recommended that tax authorities facilitate direct refunds to the bank accounts of salaried individuals.
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ICAP Suggests Reactivation of BTB Directorate
PkRevenue.com – The Institute of Chartered Accountants of Pakistan (ICAP) has recommended that the tax authorities reactivate the Directorate of Broadening of Tax Base (BTB) to enhance the country’s tax revenue.
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Sales Tax Rate May Be Enhanced to 19% in 2024-25 Budget
PkRevenue.com – The government is contemplating a significant adjustment to the sales tax rate, potentially increasing it to 19% from the current 18% in the upcoming 2024-25 budget.
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FBR Considers Complete Overhaul of Tax on Property Transactions
PkRevenue.com – The Federal Board of Revenue (FBR) is contemplating a comprehensive overhaul of the taxation system related to property transactions.
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FBR Declares NLC Sultanabad Karachi as Customs Port
PkRevenue.com – The Federal Board of Revenue (FBR) has officially designated the Off-Dock Terminal operated by the National Logistics Corporation (NLC) in Sultanabad, Karachi, as a customs port.
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