Karachi, January 26, 2024 – In a significant development, the Pakistan Customs has conferred the authority upon Collector (Appeals) to stay recovery for a maximum period of 30 days.
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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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FBR Tightens Property Purchase Rules for Non-ATL Buyers
Karachi, January 26, 2024 – The Federal Board of Revenue (FBR) has implemented significant changes in the realm of property purchase, making it substantially more expensive for individuals not included in the Active Taxpayers List (ATL).
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Customs Officers Empowered to Arrests Offenders
Karachi, January 25, 2024 – In a significant development, Customs officers have been granted enhanced powers to arrest offenders under the updated Customs Act, 1969, for the tax year 2024.
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FBR Sets Advance Tax Rates on Sales to Retailers for 2024
Karachi, January 25, 2024 – The Federal Board of Revenue (FBR) has officially released the advance tax rates on sales to retailers for the tax year 2024, as outlined in the updated Income Tax Ordinance, 2001.
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Pakistan Customs Screens Suspects for Concealed Goods
Karachi, January 24, 2024 – Pakistan Customs has been granted extensive powers to screen the bodies of suspected individuals for the detection of concealed goods, as outlined in Section 160 of the updated Customs Act, 1969, for the tax year 2024.
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FBR Notifies Tax Rates on Sales to Distributors for 2024
Karachi, January 24, 2024 – The Federal Board of Revenue (FBR) has taken a significant step in its tax policy for the year 2024 by notifying advance tax rates on sales to distributors.
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NCCPL Sets Deadline for December CGT Collection
Karachi, January 23, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has issued a significant announcement regarding the collection of Capital Gain Tax (CGT) for the month of December 2023.
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Powers of Pakistan Customs Officials to Search Persons
Karachi, January 23, 2024 – In a significant development, the Customs Act of 1969 in Pakistan has undergone revisions granting expanded powers to Pakistan Customs officials for the purpose of searching individuals and goods suspected to be carrying prohibited items.
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Find Out Tax Rates for Marriage Gatherings in Pakistan for 2024
Karachi, January 23, 2024 – As the tax year 2024 kicks off, the Federal Board of Revenue (FBR) in Pakistan has unveiled the updated income tax rates applicable to functions and gatherings, specifically those organized in the context of marriage ceremonies.
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FBR Announces Record-Breaking 5.55 Million Active Taxpayers
Karachi, January 22, 2024 – In a significant milestone, the Federal Board of Revenue (FBR) announced on Monday that the number of active taxpayers in Pakistan has reached a new record high of 5.55 million.
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