Karachi, January 2, 2024 – The Sindh Revenue Board (SRB) has sealed branches of a prominent fitness gym, Shadow Fitness Gym, for violating the 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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FBR Empowers Officers to Determine Customs Value
Karachi, January 2, 2024 – Officers of the Federal Board of Revenue (FBR) have been granted enhanced authority to determine the customs value on the import or export of goods.
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Salary Tax Rates in Pakistan Unveiled for 2024
Karachi, January 2, 2024 – Pakistan has released the salary tax rates for the tax year 2024, outlining a progressive taxation structure.
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FBR Extends Deadline for HS Code List Recommendations
Islamabad, January 2, 2024 – The Federal Board of Revenue (FBR) has extended the deadline for submitting recommendations for the Harmonized System (HS) Code List until January 10, 2024.
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LTO Karachi Posts 35% Growth in December Tax Collection
Karachi, January 2, 2024 – The Large Taxpayers Office (LTO) in Karachi, the foremost tax collection agency of the Federal Board of Revenue (FBR) in Pakistan, has achieved an outstanding 35 percent growth in revenue collection for the month of December 2023 compared to the same month the previous year.
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FBR Recovers Rs 4.5 Billion in Tax From Multinational Company
Karachi, January 2, 2024 – The Federal Board of Revenue (FBR) has successfully recovered an outstanding tax amount of Rs 4.5 billion from a multinational company (MNC).
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Pakistan Customs Unveils Value of Exported Goods for 2024
Karachi, January 1, 2024 – Pakistan Customs has officially released the customs value of exported goods for the tax year 2024, as outlined in the updated Customs Act of 1990.
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Tax Rates on Imported Mobile Phones in Pakistan for 2024
Karachi, January 1, 2024 – In a significant development, Pakistan has officially released the tax rates applicable to imported mobile phones for the tax year 2024.
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SRB Achieves Remarkable 35% Growth in Half-Year Collection
Karachi, January 1, 2024 – The Sindh Revenue Board (SRB) has reported an extraordinary 35 percent growth in revenue collection for the first half (July – December) of the fiscal year 2023-24, marking a significant milestone in the province’s fiscal performance.
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FBR Achieves Historic Rs 1 Trillion Mark in Single Month
Karachi, December 31, 2023 – The Federal Board of Revenue (FBR), the apex tax collecting agency of Pakistan, has set a historic record by collecting Rs 1 trillion in a single month for the first time in the nation’s history.
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