Karachi, December 25, 2023 – The Federal Board of Revenue (FBR) on Monday announced Pakistan achieved a record high of 5.37 million active taxpayers for the 2022 tax year.
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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 Updates List of Mandatory Tax Filers
Karachi, December 24, 2023 – Pakistan has updated its list of mandatory tax return filers in a move to enhance fiscal transparency and broaden the tax base.
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FBR Set to Suspend Bank Accounts of Non-Filers of Tax Returns
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR), Pakistan’s premier tax agency, is gearing up to suspend bank accounts of individuals who have failed to file their income tax returns, as per an official statement released today.
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FBR Unveils Method for Zero-Rated Supplies to Duty-Free Shops
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) in Pakistan has recently released a detailed procedure for making zero-rated supplies to duty-free shops, aiming to streamline and regulate transactions in this sector.
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FBR Obtains Details of Car Buyers on Monthly Basis
Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) has initiated a monthly acquisition of detailed information on car buyers from various stakeholders.
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Pakistan Opens Customs Clearance on Last Two Days of 2023
Karachi, December 23, 2023 – Pakistan has decided to keep its customs clearance open on the last two weekly holidays of the year 2023.
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PTBA Calls for Consumer Profiling Before Section 114B Activation
Karachi, December 23, 2023 – The Pakistan Tax Bar Association (PTBA) has fervently recommended the adoption of consumer profiling before invoking Section 114B of the Income Tax Ordinance, 2001.
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PTBA Strongly Condemns Punjab Police Aggression
Karachi, December 23, 2023 – The Pakistan Tax Bar Association (PTBA) issued a strong condemnation on Saturday against the Punjab police for their aggressive actions towards senior members of the apex tax bar.
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FBR Unveils Valuation Process for Hidden Assets in Pakistan
Karachi, December 23, 2023 – The Federal Board of Revenue (FBR) has officially announced a meticulous valuation process for discovered hidden assets in Pakistan.
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FBR Procedure for Sales Tax Collection on Used Vehicles
Karachi, December 23, 2023 – The Federal Board of Revenue (FBR) has introduced a straightforward procedure for the collection of sales tax on the sale of used vehicles for the tax year 2024.
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