Islamabad, November 6, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) to operationalize the ‘Directorate General of Immovable Property,’ established under section 230F through the Finance Act of 2018.
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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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Anwar Kashif Mumtaz Elected President of PTBA for 2023-2025 Term
Pakistan Tax Bar Association (PTBA) has elected Anwar Kashif Mumtaz as its new President for the term 2023-2025, marking a significant development in the realm of taxation in Pakistan.
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Pakistan Collects Rs 8.98 Billion in Motor Vehicle Tax in 1QFY24
Karachi, November 4, 2023 – Pakistan has successfully collected a substantial amount of Rs 8.98 billion in motor vehicle tax during the first quarter of the fiscal year 2023-24 (July to September).
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Commissioner Inland Revenue Granted Powers Equivalent to Civil Court for Tax Recovery
Karachi, November 4, 2023 – The Commissioner of Inland Revenue has been granted powers equivalent to a civil court to facilitate the recovery of taxes, including the seizure of properties and, when necessary, the arrest of taxpayers.
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FBR Issues New Customs Values of Tyres and Tubes after Massive Revenue Fall
Karachi, November 4, 2023 – Federal Board of Revenue (FBR) has issued new customs values of tyres and tubes for determination of duty and taxes after massive fall of revenue under this head.
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FBR Establishes Scrutiny Facilitation Team for Upcoming General Election
Islamabad, November 2, 2023 – The Federal Board of Revenue (FBR) has announced the formation of a scrutiny facilitation team, poised to support the Election Commission of Pakistan (ECP) during the upcoming general elections.
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Procedure Revealed for Late Tax Return Filers to Appear in Active Taxpayers List
Karachi, November 2, 2023 – The Federal Board of Revenue (FBR) has announced a procedure for taxpayers who have filed their income tax returns after the deadline to be included in the Active Taxpayers List (ATL).
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FBR Grants Extension for Post-Deadline Tax Return Filing for Tax Year 2023
Karachi, November 2, 2023 – In a move aimed at alleviating the concerns of taxpayers, the Federal Board of Revenue (FBR) has decided to allow post-deadline return filing for the tax year 2023.
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Taxpayers Urge Finance Minister to Extend Return Filing Date up to November 30
Disappointed Taxpayers Seek Relief from Unmet Deadlines and Technical Challenges
Islamabad, November 2, 2023 – Frustrated taxpayers in Pakistan are calling upon the finance minister to extend the deadline for filing income tax returns up to November 30, 2023, citing disappointments stemming from the Federal Board of Revenue (FBR)’s handling of the matter.
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Taxpayers Seek Deadline Extension as FBR Receives 2.9 Million Tax Returns
Karachi, November 1, 2023 – As the Federal Board of Revenue (FBR) received 2.9 million tax returns by the October 31, 2023 deadline for tax year 2023, taxpayers are now clamoring for an extension to the filing deadline.
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