Islamabad, December 21, 2023 – The Iranian envoy to Pakistan, Dr. Reza Amiri Moghaddam, urged the Federal Board of Revenue (FBR) on Thursday to facilitate a smoother flow of barter trade between the two neighboring nations.
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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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Foreign Diplomats in Pakistan Require Permission for Zero-Rating
Karachi, December 21, 2023 – The Federal Board of Revenue (FBR) has introduced a requirement for foreign diplomats in Pakistan to obtain explicit permission for zero-rating of sales tax supplies.
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Tax Officers Barred from Entering Homes After Sunset for Arrests
Karachi, December 21, 2023 – Tax officers across the country are now prohibited from entering dwelling houses to make arrests after sunset, according to the recently updated Income Tax Rules, 2002 for the tax year 2024.
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FBR Transfers 98 Customs Officers in Mega Reshuffle
Islamabad, December 20, 2023 – In a significant development, the Federal Board of Revenue (FBR) announced a major reshuffle with the transfer and postings of 98 customs officers on Wednesday.
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NCCPL Sets December 29 as Deadline for CGT Collection
Karachi, December 20, 2023 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced the deadline for the collection of Capital Gain Tax (CGT) for the month of November 2023.
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FBR Streamlines e-Audit Procedures for Tax Year 2024
Karachi, December 20, 2023 – The Federal Board of Revenue (FBR) has introduced a streamlined procedure for the electronic audit (e-audit) of taxpayers during the tax year 2024.
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FBR Commissioner Authorized to Issue Arrest Warrants
Karachi, December 20, 2023 – A commissioner of the Federal Board of Revenue (FBR) is now empowered to issue arrest warrants for tax defaulters.
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Inland Revenue Offices Open on Saturday, December 23, 2023
Karachi, December 19, 2023 – In a move aimed at facilitating taxpayers and ensuring the timely collection of duties and taxes, the Inland Revenue offices across Pakistan are set to remain open on Saturday, December 23, 2023.
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Pakistan Achieves Highest-Ever 5.32 Million Active Taxpayers
Karachi, December 19, 2023 – Pakistan has etched its name in history by achieving an unprecedented milestone of 5.32 million active taxpayers, as disclosed by the Federal Board of Revenue (FBR).
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Special Procedure Unveiled for Sales Tax Refund in Pharma Sector
Karachi, December 19, 2023 – In a significant move to streamline processes and facilitate the pharmaceutical sector, the Federal Board of Revenue (FBR) has unveiled a special procedure for the issuance of sales tax refunds during the tax year 2024.
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