Karachi, January 25, 2024 – The Federal Board of Revenue (FBR) has officially released the advance tax rates on sales to retailers for the tax year 2024, as outlined in the updated Income Tax Ordinance, 2001.
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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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Pakistan Customs Screens Suspects for Concealed Goods
Karachi, January 24, 2024 – Pakistan Customs has been granted extensive powers to screen the bodies of suspected individuals for the detection of concealed goods, as outlined in Section 160 of the updated Customs Act, 1969, for the tax year 2024.
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FBR Notifies Tax Rates on Sales to Distributors for 2024
Karachi, January 24, 2024 – The Federal Board of Revenue (FBR) has taken a significant step in its tax policy for the year 2024 by notifying advance tax rates on sales to distributors.
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NCCPL Sets Deadline for December CGT Collection
Karachi, January 23, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has issued a significant announcement regarding the collection of Capital Gain Tax (CGT) for the month of December 2023.
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Powers of Pakistan Customs Officials to Search Persons
Karachi, January 23, 2024 – In a significant development, the Customs Act of 1969 in Pakistan has undergone revisions granting expanded powers to Pakistan Customs officials for the purpose of searching individuals and goods suspected to be carrying prohibited items.
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Find Out Tax Rates for Marriage Gatherings in Pakistan for 2024
Karachi, January 23, 2024 – As the tax year 2024 kicks off, the Federal Board of Revenue (FBR) in Pakistan has unveiled the updated income tax rates applicable to functions and gatherings, specifically those organized in the context of marriage ceremonies.
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FBR Announces Record-Breaking 5.55 Million Active Taxpayers
Karachi, January 22, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached a new record high of 5.55 million.
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Three-Year Jail Term Specified for Falsifying Declaration
Karachi, January 22, 2024 – In a significant development, Customs Laws in Pakistan have explicitly outlined a three-year jail term for those found guilty of falsifying declarations.
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Tax Rates on Telephone and Internet Usage Notified for 2024
Karachi, January 22, 2024 – The tax rates for telephone and internet usage in Pakistan for the tax year 2024 have been officially notified through amendments to the Income Tax Ordinance, 2001.
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FBR Discovers Non-Filer Retailers in Door-to-Door Campaign
Karachi, January 20, 2024 – The Federal Board of Revenue (FBR) has unveiled plans to launch a door-to-door campaign targeting non-filer retailers.
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