Karachi, January 5, 2024 – The Federal Board of Revenue (FBR) has released the much-anticipated tax rates on rental income for the tax year 2024, outlining a progressive structure aimed at ensuring a fair and equitable taxation 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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SRB Issues Fresh Guidelines to Banks on Sales Tax Payment
Karachi, January 4, 2024 – The Sindh Revenue Board (SRB) has recently issued updated guidelines to banks concerning the payment of sales tax on services in the province.
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FBR Sets Strict Deadline for Customs Duty Refund Claims
Karachi, January 4, 2024 – The Federal Board of Revenue (FBR) has taken a decisive step by announcing that it will reject refund claims of customs duty if filed after one year.
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Who Are E-Intermediaries Under Income Tax Rules for 2024?
In a move to bring clarity to the taxation landscape, the Federal Board of Revenue (FBR) has recently updated the Income Tax Rules for the tax year 2024, shedding light on the definition of e-intermediaries.
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What Constitutes Fiscal Fraud under Pakistan Customs Law?
In an effort to combat fiscal fraud and uphold transparency, the updated Customs Act of 1969 includes detailed provisions regarding fiscal fraud, primarily outlined in Section 32A.
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Tax Rates on Prize Bond Winnings for 2024
Karachi, January 3, 2024 – As the New Year unfolds, the Federal Board of Revenue (FBR) in Pakistan has provided clarity on the tax rates applicable to prize bond winnings for the year 2024.
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LTO Karachi Surpasses Rs 1 Trillion Milestone in Six Months
Karachi, January 3, 2024 – The Large Taxpayers Office (LTO) Karachi has etched its name in history by surpassing the Rs 1 trillion collection mark within a span of six months.
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Sindh Seals Branches of Fitness Gym for Tax Violation
Karachi, January 2, 2024 – The Sindh Revenue Board (SRB) has sealed branches of a prominent fitness gym, Shadow Fitness Gym, for violating the Sindh Sales Tax on Services Act, 2011.
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FBR Empowers Officers to Determine Customs Value
Karachi, January 2, 2024 – Officers of the Federal Board of Revenue (FBR) have been granted enhanced authority to determine the customs value on the import or export of goods.
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Salary Tax Rates in Pakistan Unveiled for 2024
Karachi, January 2, 2024 – Pakistan has released the salary tax rates for the tax year 2024, outlining a progressive taxation structure.
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