Islamabad, January 2, 2024 – The Federal Board of Revenue (FBR) has extended the deadline for submitting recommendations for the Harmonized System (HS) Code List until January 10, 2024.
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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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LTO Karachi Posts 35% Growth in December Tax Collection
Karachi, January 2, 2024 – The Large Taxpayers Office (LTO) in Karachi, the foremost tax collection agency of the Federal Board of Revenue (FBR) in Pakistan, has achieved an outstanding 35 percent growth in revenue collection for the month of December 2023 compared to the same month the previous year.
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FBR Recovers Rs 4.5 Billion in Tax From Multinational Company
Karachi, January 2, 2024 – The Federal Board of Revenue (FBR) has successfully recovered an outstanding tax amount of Rs 4.5 billion from a multinational company (MNC).
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Pakistan Customs Unveils Value of Exported Goods for 2024
Karachi, January 1, 2024 – Pakistan Customs has officially released the customs value of exported goods for the tax year 2024, as outlined in the updated Customs Act of 1990.
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Tax Rates on Imported Mobile Phones in Pakistan for 2024
Karachi, January 1, 2024 – In a significant development, Pakistan has officially released the tax rates applicable to imported mobile phones for the tax year 2024.
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SRB Achieves Remarkable 35% Growth in Half-Year Collection
Karachi, January 1, 2024 – The Sindh Revenue Board (SRB) has reported an extraordinary 35 percent growth in revenue collection for the first half (July – December) of the fiscal year 2023-24, marking a significant milestone in the province’s fiscal performance.
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FBR Achieves Historic Rs 1 Trillion Mark in Single Month
Karachi, December 31, 2023 – The Federal Board of Revenue (FBR), the apex tax collecting agency of Pakistan, has set a historic record by collecting Rs 1 trillion in a single month for the first time in the nation’s history.
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FBR Unveils New Car Purchase Tax Rates for 2024
Karachi, December 31, 2023 — The Federal Board of Revenue (FBR) has announced the tax rates applicable to new car purchases for the tax year 2024, with significant disparities between individuals listed on the Active Taxpayers List (ATL) and those not on the list.
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Sindh Revenue Board Unveils Process for CPR Modifications
Karachi, December 30, 2023 – In a significant move, the Sindh Revenue Board (SRB) has introduced a comprehensive procedure for making changes to the Computerized Payment Receipt (CPR).
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Tax Rates on Property Transactions for Tax Year 2024
Karachi, December 30, 2023 – The tax rates on property transactions, encompassing both sale and purchase, have been officially announced for the tax year 2024 in Pakistan.
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