Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) has issued directives to officers of the Inland Revenue Service (IRS) in BS-21 to submit their asset declarations.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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SRB Outlines Tax Rates on Banking Services for Tax Year 2024
Karachi, February 5, 2024 – The Sindh Revenue Board (SRB) has outlined the sales tax rates on various services provided by banks for the tax year 2024.
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Pakistan Source Income Defined for Tax Year 2024 by FBR
Karachi, February 5, 2024 – The Federal Board of Revenue (FBR) in Pakistan has delineated the parameters for Pakistan source income for the tax year 2024, providing a comprehensive framework for the calculation of annual tax liabilities.
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New Record High 5.63 Million Active Taxpayers in Pakistan
Karachi, February 5, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached new record high at 5.63 million, according to the weekly Active Taxpayers List (ATL) for the tax year 2022.
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Insurance Services to Incur 13% Sales Tax in Sindh for 2024
Karachi, February 4, 2024 – In a significant development, insurance services offered by insurance companies will be subjected to a 13 percent sales tax in the tax year 2024, as per the updated Sales Tax on Services Act, 2011, released by the Sindh Revenue Board (SRB).
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FBR Defines Resident for Tax Year 2024 in Pakistan
Karachi, February 4, 2024 – The Federal Board of Revenue (FBR) in Pakistan has recently provided a comprehensive definition for resident individuals, associations of persons, and companies for the tax year 2024.
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FPCCI Backs Restructuring of FBR for Economic Stability
Karachi, February 3, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced its support on Saturday for the proposed restructuring plan of the Federal Board of Revenue (FBR).
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Guide to Tax Registration in Pakistan for Return Filing 2024
Karachi, February 3, 2024 – The Federal Board of Revenue (FBR) has released a detailed guide outlining the steps for tax registration to facilitate the filing of income tax returns for the tax year 2024.
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Customs Official Faces Major Penalty of Dismissal from Service
Islamabad, February 2, 2024 – The Federal Board of Revenue (FBR) has imposed a major penalty of dismissal from service against Syed Zeeshan Haider, an Inspector Customs (under suspension/BS-16) at the Collectorate of Customs Allama Iqbal International Airport (AIIA), Lahore.
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Pakistan Customs to Auction Used Cars in Karachi on Feb 14
Karachi, February 2, 2024 – Pakistan Customs has announced an upcoming auction of old and used cars scheduled to take place in Karachi on February 14, 2024.
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