Karachi, January 28, 2024 – The revised Customs Act, 1969 has outlined a comprehensive procedure for filing appeals before the Customs Appellate Tribunal, offering clear guidelines for individuals and Customs officers aggrieved by certain orders.
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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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Tax Year 2024 Return Forms Set for Release by January 31
Karachi, January 28, 2024 – The Federal Board of Revenue (FBR) is mandated by income tax laws to release the final return forms for Tax Year 2024 by January 31, 2024.
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Business Leaders Prefer Anti-Smuggling to Trade Restrictions
Peshawar, January 27, 2024 – In a meeting held at Custom House Peshawar, a delegation of business leaders has urged the Federal Board of Revenue (FBR) to focus on curbing smuggling rather than imposing restrictions on Pak-Afghan trade.
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PTBA Warns FBR Against Abuse of Assessment Powers
Karachi, January 27, 2024 – The Pakistan Tax Bar Association (PTBA) has issued a stern warning to the Federal Board of Revenue (FBR) concerning the alleged abuse of assessment powers by tax authorities.
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Updated Customs Act Unveils Prerequisites for Appellate Tribunal
Karachi, January 27, 2024 – The recently updated Customs Act, 1969, for the Tax Year 2024, has brought forth crucial details regarding the establishment of the Customs Appellate Tribunal.
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Pakistan Unveils 2024 Tax Rates for Prepaid Card Remittances
In a move to streamline and regulate the process of money remittance through prepaid cards, Pakistan has unveiled the tax rates for 2024.
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Sindh Sales Tax Rates on Shipping Services in 2024
Karachi, January 26, 2024 – The Sindh Revenue Board (SRB) has recently released the updated sales tax rates on services provided or rendered by shipping agents in the province of Sindh for the tax year 2024.
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Collector (Appeals) Granted Authority to Halt Recovery for 30 Days
Karachi, January 26, 2024 – In a significant development, the Pakistan Customs has conferred the authority upon Collector (Appeals) to stay recovery for a maximum period of 30 days.
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FBR Tightens Property Purchase Rules for Non-ATL Buyers
Karachi, January 26, 2024 – The Federal Board of Revenue (FBR) has implemented significant changes in the realm of property purchase, making it substantially more expensive for individuals not included in the Active Taxpayers List (ATL).
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Customs Officers Empowered to Arrests Offenders
Karachi, January 25, 2024 – In a significant development, Customs officers have been granted enhanced powers to arrest offenders under the updated Customs Act, 1969, for the tax year 2024.
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