Karachi, May 7, 2024 – The Federal Board of Revenue (FBR) issued a directive on Tuesday requiring all BS-17 officers in the Pakistan Customs Service (PCS) to submit their asset declarations ahead of pivotal promotion decisions.
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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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Thousands of Cases Stuck Amid Missing Rules for New Tax Laws
As the government rolled out the Tax Laws (Amendment) Act, 2024, thousands of tax cases have been bottlenecked at various tribunals, casting a shadow over the efficacy of the new legislative framework.
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PTCL Battles Extensive Tax Contingencies into 2024
Karachi, May 7, 2024 – Pakistan Telecommunication Company Limited (PTCL) has unveiled a comprehensive report on its tax contingencies for the fiscal year ending December 31, 2023.
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CMOs Push Back Against SIM Block Directive for Tax Non-Filers
In a recent turn of events that has the telecom industry at odds with the Federal Board of Revenue (FBR), Cellular Mobile Operators (CMOs) in Pakistan have voiced significant apprehensions regarding the FBR’s directive to block SIM cards of tax non-filers.
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FBR Initiates Comprehensive HR Audit in Pakistan Customs
Karachi, May 7, 2024 – The Federal Board of Revenue (FBR) has directed all Pakistan Customs stations to furnish comprehensive details of their workforce.
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FBR Announces Key Team for Digital Transformation of Tax System
Islamabad, May 7, 2024 – The Federal Board of Revenue (FBR) has announced the formation of a project management team tasked with overseeing the digitalization of Pakistan’s tax system.
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Pakistan Business Council Seeks Clarity on Group Taxation
Karachi, May 6, 2024 – The Pakistan Business Council (PBC), a leading advocacy group representing major businesses in the country, has submitted proposals for the upcoming budget 2024-25. A key area of focus for the PBC is seeking amendments to the existing group taxation regulations to provide clarity and relief regarding inter-corporate dividends (ICD).
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PTBA Demands Release of Draft Tax Return Forms for 2024
Karachi, May 6, 2024 – The Pakistan Tax Bar Association (PTBA) has officially called upon the Finance Minister, Muhammad Aurangzeb, to expedite the issuance of the draft tax return forms for the tax year 2024.
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FBR Gets Record 110,000 Active Taxpayers Amid SIM Blocking
Karachi, May 6, 2024 – The Federal Board of Revenue (FBR) has reported a record surge in active taxpayer registrations this week, with 110,000 new sign-ups, bringing the total to 4.18 million for the 2023 tax year.
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FBR to Enforce SIM Blocking of Non-Filers Despite PTA Refusal
In a recent move aimed at increasing tax compliance, the Federal Board of Revenue (FBR) has affirmed its intention to block the mobile phone SIMs of non-filers of income tax returns for the tax year 2023.
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