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.
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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 Initiates Replacement of WeBOC with New Digital Customs
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.
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SBP Issues Instructions to Banks for ITM Export Facilitation
Karachi, December 27, 2023 – The State Bank of Pakistan (SBP) has issued crucial instructions to banks regarding International Toll Manufacturing (ITM) under the Export Facilitation Scheme (EFS).
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FBR Opens Tax Collection Window on Last 2023 Weekly Holidays
Karachi, December 27, 2023 – The Federal Board of Revenue (FBR) announced on Wednesday the opening of tax offices across the country on the last two weekly holidays of the year.
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Pakistan Releases Prohibited Items List for Foreign Trade in 2024
Karachi, December 27, 2023: The Federal Board of Revenue (FBR), Pakistan’s apex tax collection agency, has unveiled a list of prohibited items for foreign trade during the tax year 2024.
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FBR Unveils Method for Extra Tax Collection on Electricity and Gas
Karachi, December 27, 2023: The Federal Board of Revenue (FBR) has unveiled a detailed procedure for the collection of extra sales tax on electricity and natural gas from industrial and commercial connections.
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Property Transfer Statements Made Mandatory in Pakistan
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR), apex tax agency of Pakistan, has made it mandatory for individuals involved in attesting or registering immovable property to furnish a monthly property transfer statement.
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FBR Grants Tax-Free Petroleum Product Sharing to OMCs
Karachi, December 26, 2023 – The Federal Board of Revenue (FBR) has granted permission for tax-free sharing of petroleum products among Oil Marketing Companies (OMCs).
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FBR Announces Postings of Senior IRS Officers on Public Holiday
Karachi, December 25, 2023 – In an unusual move, the Federal Board of Revenue (FBR) made significant announcements regarding the postings of senior officers of the Inland Revenue Service (IRS) on a public holiday today, December 25, 2023.
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FBR Flexes Muscles to Capture 1.5 Million New Taxpayers
Islamabad, December 25, 2023 – The Federal Board of Revenue (FBR) is flexing its muscles in a bold move to capture 1.5 million new taxpayers and boost tax base of Pakistan.
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