Tax Rates on Property Transactions for Tax Year 2024
Karachi, December 30, 2023 – The tax rates on property transactions, encompassing both sale and purchase, have been officially announced for the tax year 2024 in Pakistan.
Karachi, December 30, 2023 – The tax rates on property transactions, encompassing both sale and purchase, have been officially announced for the tax year 2024 in Pakistan.
Karachi, December 30, 2023 – The Federal Board of Revenue (FBR) has said that customs duties are applicable to the re-importation of goods produced or manufactured in Pakistan, as outlined in the updated Customs Act, 1969, for the tax year 2024.
Karachi, December 30, 2023 – The Federal Board of Revenue (FBR) has said that the responsibility for filing the income tax return of a deceased person lies with their legal representative. This announcement aims to dispel any misunderstandings surrounding the obligation to file tax returns in the unfortunate event of an individual’s passing. Official sources […]
Islamabad, December 30, 2023 – The Federal Tax Ombudsman (FTO) has taken a decisive stance against cybercrime, directing the Federal Board of Revenue (FBR) to promptly address instances of hacking and manipulation within the tax system.
Karachi, December 29, 2023 – In an effort to ease the tax collection process and accommodate taxpayers, banks in Pakistan are set to extend their working hours on the last two weekly holidays of 2023, December 30 and 31.
Karachi, December 29, 2023 – Pakistan has unveiled a set of reduced rates for duty and taxes on goods imported from countries with which it has established foreign trade agreements.
Karachi, December 29, 2023 – The Federal Board of Revenue (FBR) has initiated a mystery shopping program aimed at scrutinizing sales tax invoices issued by major retailers.
Karachi, December 28, 2023 – The Federal Board of Revenue (FBR), the apex tax agency of Pakistan, has officially released the dutiable goods list for the tax year 2024, providing clarity on customs duties at the time of imports.
Karachi, December 28, 2023 – The Federal Board of Revenue (FBR) has laid out comprehensive conditions for businesses seeking to avail themselves of the zero-rated sales tax facility during the tax year 2024.
Karachi, December 27, 2023 – The Federal Board of Revenue (FBR) has embarked on a significant overhaul, initiating the replacement of the existing Web Based One Customs (WeBOC) with a state-of-the-art customs digital management system.