In Pakistan, taxpayers are currently fervently seeking inclusion in the recently unveiled Active Taxpayers List (ATL) to shield themselves from the stringent measures enforced by the Federal Board of Revenue (FBR).
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
FBR Officer Dismissed from Service for Embezzlement Charges
Karachi, March 1, 2024 – In a significant development, a Federal Board of Revenue (FBR) officer, Wazir Hussain Lashari, has been handed the major penalty of dismissal from service following charges of embezzlement.
(more…) -
FBR Releases List of 3.35 Million Active Taxpayers for TY2023
Karachi, March 1, 2024 – In a bid to fortify its tax collection efforts and bolster the country’s fiscal health, the Federal Board of Revenue (FBR) unveiled a new list on Friday, spotlighting 3.35 million active taxpayers for the tax year 2023.
(more…) -
FBR Exceeds Eight-Month Revenue Collection Target
Islamabad, February 29, 2024 – The Federal Board of Revenue (FBR) has outperformed its revenue collection target for the first eight months (July – February) of the fiscal year 2023-24, demonstrating robust economic recovery and fiscal management.
(more…) -
SCP Upholds Validity of Sindh Sales Tax on Distribution Services
Karachi, February 29, 2024 – In a significant decision, the Supreme Court of Pakistan (SCP) has affirmed the legitimacy of the Sindh Sales Tax on Supply Chain Management or Distribution (including Delivery) Services.
(more…) -
FBR Directs Tax Offices to Remain Open Until 8:00 PM Today
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) has directed tax offices to remain open until 8:00 pm today, signaling an extended effort to ensure the timely collection of duty and taxes.
(more…) -
FBR to Reveal New Active Taxpayers List on March 1, 2024
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) is gearing up to unveil the new Active Taxpayers List (ATL) for the tax year 2023 on March 1, 2024.
(more…) -
FBR Invokes Section 7E Following Lahore High Court’s Ruling
Islamabad, February 29, 2024 – The Federal Board of Revenue (FBR) has taken a significant stride by invoking Section 7E of the Income Tax Ordinance, 2001, in response to a division bench overturning the earlier decision of a single bench.
(more…) -
Pakistan Achieves Record High with 5.73 Million Active Taxpayers
Karachi, February 26, 2024 – Pakistan has set a historic record with 5.73 million active taxpayers, according to official data released by the Federal Board of Revenue (FBR) on Monday.
(more…) -
Consequences of Not Filing Income Tax Returns in Pakistan
In Pakistan, the failure to file an income tax return for a specific tax year triggers a series of actions by the Federal Board of Revenue (FBR).
(more…)