Karachi, January 29, 2024 – The Sindh Revenue Board (SRB) has issued the prevailing sales tax rates on property transfer services for the tax year 2024, as outlined in the updated Sindh Sales Tax on Services Act, 2011.
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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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Pakistan Achieves New Record of 5.6 Million Active Taxpayers
Karachi, January 29, 2024 – In a milestone for fiscal governance, official data released on Monday revealed that the number of active taxpayers in Pakistan has soared to a new high of 5.6 million, as per the updated weekly Active Taxpayers List (ATL) for tax year 2022.
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FBR and FMU Workshop on Combating Tax Evasion
Islamabad, January 29, 2024 – In a significant step towards strengthening the fight against tax evasion, the Federal Board of Revenue (FBR) and the Financial Monitoring Unit (FMU) joined forces to organize a two-day workshop on financial intelligence.
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Guide to Filing Appeals Before Customs Appellate Tribunal
Karachi, January 28, 2024 – The revised Customs Act, 1969 has outlined a comprehensive procedure for filing appeals before the Customs Appellate Tribunal, offering clear guidelines for individuals and Customs officers aggrieved by certain orders.
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Tax Year 2024 Return Forms Set for Release by January 31
Karachi, January 28, 2024 – The Federal Board of Revenue (FBR) is mandated by income tax laws to release the final return forms for Tax Year 2024 by January 31, 2024.
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Business Leaders Prefer Anti-Smuggling to Trade Restrictions
Peshawar, January 27, 2024 – In a meeting held at Custom House Peshawar, a delegation of business leaders has urged the Federal Board of Revenue (FBR) to focus on curbing smuggling rather than imposing restrictions on Pak-Afghan trade.
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PTBA Warns FBR Against Abuse of Assessment Powers
Karachi, January 27, 2024 – The Pakistan Tax Bar Association (PTBA) has issued a stern warning to the Federal Board of Revenue (FBR) concerning the alleged abuse of assessment powers by tax authorities.
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Updated Customs Act Unveils Prerequisites for Appellate Tribunal
Karachi, January 27, 2024 – The recently updated Customs Act, 1969, for the Tax Year 2024, has brought forth crucial details regarding the establishment of the Customs Appellate Tribunal.
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Pakistan Unveils 2024 Tax Rates for Prepaid Card Remittances
In a move to streamline and regulate the process of money remittance through prepaid cards, Pakistan has unveiled the tax rates for 2024.
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Sindh Sales Tax Rates on Shipping Services in 2024
Karachi, January 26, 2024 – The Sindh Revenue Board (SRB) has recently released the updated sales tax rates on services provided or rendered by shipping agents in the province of Sindh for the tax year 2024.
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