Karachi, December 19, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards refining the tax recovery process by issuing a comprehensive list of items exempted from confiscation.
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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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Sindh Invites Tax Proposals for Budget 2024-25
Karachi, December 18, 2023 – The Sindh government has formally invited tax proposals for the upcoming budget for the fiscal year 2024-25. The call for proposals comes from the Sindh Revenue Board (SRB), the provincial tax agency, which has set a deadline of January 29, 2024, for submissions.
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PTBA Demands to Stop Non-Filers from Contesting Elections
Karachi, December 18, 2023 – The Pakistan Tax Bar Association (PTBA) issued a stern call on Monday for the Election Commission of Pakistan (ECP) to reject the nomination papers of non-filers, asserting that those who evade taxes should be denied the right to representation.
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FBR Specifies Supportive Documents for Sales Tax Refund
Karachi, December 18, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards enhancing transparency and efficiency in the tax system by issuing a set of required supportive documents for sales tax refunds during the tax year 2024.
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FBR Unveils Procedure for Tax Practitioner Registration in TY2024
Karachi, December 18, 2023 – In a significant development for tax practitioners, the Federal Board of Revenue (FBR) has unveiled the detailed procedure for the registration of income tax practitioners for the tax year 2024.
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FTO Warns Taxpayers of Rising Scams and Fraudulent Activities
Islamabad, December 17, 2023 – The Federal Tax Ombudsman (FTO) has issued a stern warning to taxpayers across Pakistan, urging them to be on high alert for scams and fraudulent activities targeting unsuspecting individuals.
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FBR Explains Filing and Processing of Sales Tax Refund Claims
Karachi, December 17, 2023 – The Federal Board of Revenue (FBR) has provided comprehensive guidance on the filing and processing of sales tax refund claims for the tax year 2024.
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Pakistan Enforces Requirement of Beneficial Owner Details
Karachi, December 17, 2023 – Pakistan has enforced stringent requirements for companies and Associations of Persons (AOPs) to furnish detailed information about beneficial owners.
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Islamabad Customs to Auction Motor Vehicles on Dec 21, 2023
Islamabad, December 16, 2023 – The Collectorate of Customs Islamabad has issued a notification regarding the auction of motor vehicles scheduled for December 21, 2023.
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FBR Transfers Senior IRS Officers in Major Administrative Overhaul
Karachi, December 16, 2023 – The Federal Board of Revenue (FBR) announced on Saturday a major administrative overhaul and transferred senior officers within the Inland Revenue Service (IRS).
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