Karachi, August 17, 2023 – The Sindh Revenue Board (SRB) has taken a significant step to support taxpayers by granting an extension for the filing of sales tax returns for the month of July 2023.
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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 Extends Rs30 Billion Tax Exemption to Foreigners on Profit from Debt
Karachi, August 17, 2023 – In a bid to attract foreign investment and bolster the economy, Pakistan has granted a significant income tax exemption exceeding Rs30 billion to foreign entities for profits generated from debt during the fiscal year 2022-23.
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Pakistan Unveils Comprehensive Income Categories for Precise Taxation
Karachi, August 17, 2023 – The Federal Board of Revenue (FBR), Pakistan’s foremost tax authority, has unveiled the distinct categories of income for taxation purposes during the fiscal year 2023-24.
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FBR Announces Mandatory Tax Return Filing Categories for 2023
Karachi, August 17, 2023 – The Federal Board of Revenue (FBR) has taken a significant step by outlining the categories of individuals who are required to file their annual income tax returns for the tax year 2023.
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Tax Return Filing Grinds to Halt as SRB Portal Faces Technical Glitch
Karachi, August 16, 2023 – The Karachi Customs Agents Association (KCAA) has reported a disruption in the tax return filing process as the official portal of the Sindh Revenue Board (SRB) remains inaccessible due to ongoing upgrades and maintenance.
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FBR Eases Rules for Property Sellers under Section 7E
Karachi, August 16, 2023 – The Federal Board of Revenue (FBR) has announced a relaxation in the conditions governing Section 7E of the Income Tax Ordinance, 2001, specifically aimed at sellers of immovable property.
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Big Jump: 4.38 Million Pakistani Citizens Join Active Taxpayers List
Islamabad, August 15, 2023 – In Pakistan, there has been a substantial surge in enrollment in the Active Taxpayers List (ATL), with the number of participants reaching 4.38 million.
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FBR Keeps an Eye on Cash Withdrawals from Banks to Expand Tax Base
Karachi, August 15, 2023 – The Federal Board of Revenue (FBR) has begun monitoring citizens who are withdrawing large amounts of cash from banks, as part of efforts to increase the number of taxpayers in the country.
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KTBA Celebrates Pakistan’s 76th Independence Day with Special Flag Hoisting Ceremony
Karachi Tax Bar Association (KTBA) celebrated Pakistan’s 76th Independence Day by organizing a significant flag hoisting ceremony at the Corporate Tax Office in Karachi.
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FBR Introduces Mandatory Verification Form for Property Sellers Under Section 7E
Karachi, August 14, 2023 – The Federal Board of Revenue (FBR) has unveiled a significant measure for property transactions, issuing a new verification form under Section 7E of the Income Tax Ordinance, 2001.
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