Islamabad, March 19, 2024 – In a move aimed at enhancing tax procedures and fostering business efficiency, the Federal Board of Revenue (FBR) has issued instructions regarding the operation of the Single Sales Tax Return (SSTR) portal.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
Updated ATL Expands to 3.67 Million Active Taxpayers
Karachi, March 18, 2024 – The Federal Board of Revenue (FBR) has announced that the Updated Active Taxpayers List (ATL) for tax year 2023 has expanded significantly, reaching 3.67 million active taxpayers, according to official data released on Monday.
(more…) -
FBR Partners with Karandaaz for Digitalizing Tax Administration
Islamabad, March 15, 2024 – The Federal Board of Revenue (FBR) has embarked on a transformative journey to modernize Pakistan’s tax administration through a groundbreaking partnership with Karandaaz Pakistan.
(more…) -
FBR Transfers 44 Senior IRS Officers in Major Overhaul
Islamabad, March 15, 2024 – The Federal Board of Revenue (FBR) has undertaken a significant restructuring by transferring 44 senior officers of the Inland Revenue Service (IRS) in a major reshuffle announced on Friday.
(more…) -
KTBA Urges FBR Clarity on Beneficial Owner Record Form
Karachi, March 14, 2024 – The Karachi Tax Bar Association (KTBA) has raised concerns over the ambiguity surrounding the submission of forms related to the record of beneficial owners, urging the Federal Board of Revenue (FBR) to provide clarity on the matter.
(more…) -
Finance Minister Prioritizes Tax System Digitization
Islamabad, March 13, 2024 – Finance Minister Muhammad Aurangzeb declared the documentation of the economy and the complete digitization of the tax system as the government’s foremost priorities during his visit to the Federal Board of Revenue (FBR) Headquarters on Wednesday.
(more…) -
FTO Asks FBR to Clarify Provident Fund Registration
Karachi, March 12, 2024 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a clarification on the registration process for provident funds by employers.
(more…) -
LTO Karachi Records 112% Surge in February Direct Tax Collection
Karachi, March 12, 2024 – The Large Taxpayers Office (LTO) Karachi, a key arm of the Federal Board of Revenue (FBR), has achieved an unprecedented 112% year-on-year growth in the collection of direct taxes in February 2024.
(more…) -
Procedure to Amend Personal Information for Tax Filing
Karachi, March 10, 2024 – In a bid to enhance user convenience and streamline the tax filing process, the Federal Board of Revenue (FBR) has introduced a user-friendly procedure for amending personal information for the upcoming tax year of 2024.
(more…) -
FBR Chairman Optimistic about Meeting Revenue Collection Target
Islamabad, March 10, 2024 – Malik Amjed Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), has expressed his confidence in achieving the revenue collection target for the fiscal year 2023-24.
(more…)