Islamabad, October 31, 2023 – The Federal Board of Revenue (FBR) has exceeded its revenue collection target for the first four months of the fiscal year 2023-24, amassing an impressive total of Rs 2.75 trillion.
(more…)Category: Taxation
Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
-
FBR May Grant Another Return Filing Extension For Tax Year 2023
Karachi, October 31, 2023 – The Federal Board of Revenue (FBR) is on the verge of granting another extension for the return filing deadline for the tax year 2023, which was initially set for October 31, 2023.
(more…) -
Sindh High Court Grants Interim Relief in Section 7E of Income Tax Ordinance
KARACHI, October 30, 2023 — In a significant development concerning income tax regulations in Pakistan, the Sindh High Court (SHC) has granted interim relief in a case related to deemed income under Section 7E of the Income Tax Ordinance, 2001.
(more…) -
Lahore Tax Bar Demands One-Month Extension in Return Filing Deadline
Lahore, October 30, 2023 – The Lahore Tax Bar Association (LTBA) has formally called for a one-month extension in the return filing deadline and voiced concerns over issues plaguing the online portal for income tax return filing.
(more…) -
Active Taxpayers List in Pakistan Reaches Record 4.98 Million
Karachi, October 30, 2023 –Active Taxpayers List (ATL) in Pakistan has reached a historic high of 4.98 million taxpayers as of October 29, 2023, according to official data released by the Federal Board of Revenue (FBR).
(more…) -
FPCCI Requests 15-Day Extension in Tax Return Filing Deadline
Karachi, October 29, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has made a formal request for an additional 15-day extension to the deadline for filing income tax returns.
(more…) -
Multan Tax Bar Demands Extension of Tax Return Filing Deadline until November 30, 2023
Karachi, October 29, 2023 – The Multan Tax Bar Association (MTBA) has officially called upon the tax authorities to extend the deadline for filing income tax returns for the tax year 2023 until November 30, 2023.
(more…) -
Non-filers Face Disconnection of Mobile and Electricity Services After October 31, 2023
Karachi, October 29, 2023 – Non-filers of income tax returns in Pakistan are on the brink of losing their mobile phone and electricity connections after the looming deadline of October 31, 2023.
(more…) -
FBR Declares Saturday Normal Working Day to Boost Revenue Collection
Karachi, October 27, 2023 – In a strategic move aimed at enhancing revenue collection, the Federal Board of Revenue (FBR) has announced Saturday, October 28, 2023, as a regular working day.
(more…) -
Pakistan Announces Last Date for Filing Return for Tax Year 2023
Karachi, October 27, 2023 – The Government of Pakistan has officially set the last date for filing the annual income tax return for the tax year 2023.
(more…)