Karachi, September 3, 2023 – The Federal Board of Revenue (FBR) has issued guidelines specifying conditions for allowing deductions for bad debts 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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PTBA Criticizes FBR for Unlawful Changes to Return Filing Portal, Urges Swift Resolution
Karachi, September 3, 2023 – The Pakistan Tax Bar Association (PTBA) has strongly criticized the Federal Board of Revenue (FBR) for implementing unauthorized changes to the tax return filing system, causing significant challenges for taxpayers as the September 30, 2023 deadline approaches.
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FBR Launches Mega Operation Against Sugar Mills to Examine Stock Position
In response to the ongoing sugar crisis in Pakistan, the Federal Board of Revenue (FBR) has initiated a comprehensive operation targeting sugar mills across the country.
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Tax Return Filing in Pakistan Plagued by Technical and Legal Glitches
Karachi, September 2, 2023 – The process of tax return filing for the year 2023 in Pakistan has encountered a multitude of technical and legal glitches, according to the Karachi Tax Bar Association (KTBA).
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FBR Assures Traders of Easing Tax Burden on Electricity Bills
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has reaffirmed its commitment to ease the tax burden on electricity bills, addressing the concerns of the business community in Karachi and fostering a cooperative relationship with traders.
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Sindh Revenue Board Achieves Unprecedented 49% Collection Growth in 2MFY24
Karachi, September 1, 2023 – The Sindh Revenue Board (SRB) has achieved a remarkable 49% growth in revenue collection during the first two months of the fiscal year 2023-24, showcasing its commitment to fiscal excellence even in challenging economic times.
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FBR Imposes 4% Further Tax on Electricity Bills for Inactive Taxpayers
Karachi, September 1, 2023 – The Federal Board of Revenue (FBR) has initiated the collection of a further tax at a rate of four percent on electricity bills for individuals who are not listed in the active taxpayers list (ATL), as per an official document.
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FBR Confirms Freezing PIA Bank Accounts, Denies Embezzlement Allegations
The Large Taxpayers Office (LTO) Karachi, a revenue collection arm of the Federal Board of Revenue (FBR), released a statement on Thursday vehemently denying allegations of embezzlement against Pakistan International Airlines (PIA) management.
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FBR Surpasses August Collection Target Despite Challenges
Islamabad, August 31, 2023 – The Federal Board of Revenue (FBR) has defied the odds and delivered a commendable performance in achieving its revenue target for August 2023.
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FBR Files Complaint of Government Fund Misappropriation Against Senior PIA Officials
Karachi, August 31, 2023 – The Federal Board of Revenue (FBR) has officially registered a complaint against senior officials of Pakistan International Airlines (PIA) for alleged misappropriation of government funds, sources said on Thursday.
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