The Directorate of Intelligence and Investigation (I&I) of Inland Revenue in Karachi has successfully apprehended the mastermind behind a colossal sales tax scam involving the creation and use of fake and flying invoices.
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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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Sindh Revenue Board Extends Deadline for July 2023 Sales Tax Return Filing
Karachi, August 11, 2023 – In a recent development, the Sindh Revenue Board (SRB) has decided to grant an extension for the filing of sales tax returns for the month of July 2023.
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Pakistan and Iraq Sign Double Taxation Elimination Convention
Islamabad, August 10, 2023 – In a significant step toward strengthening economic cooperation and enhancing investment, Pakistan and Iraq have successfully signed a convention aimed at eliminating double taxation within their respective jurisdictions.
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Pakistan Customs Officers Promoted to BS-20 and BS-21
Islamabad, August 10, 2023 – The Federal Board of Revenue (FBR) has announced the promotions of officers from the Pakistan Customs Service (PCS) to positions in BS-20 and BS-21.
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FBR Announces Promotions for IRS Officers to BS-20 and BS-21
Islamabad, August 10, 2023 – The Federal Board of Revenue (FBR) has officially announced the promotions of 25 officers from the Inland Revenue Service (IRS) to positions in BS-20 and BS-21.
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Hyderabad Customs to Auction Non-Duty Paid Motor Vehicles on August 11
Karachi, August 10, 2023 – The Collectorate of Customs in Hyderabad has announced an auction of a large quantity of non-duty paid (NDP) motor vehicles scheduled for August 11, 2023.
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FBR Launches Transaction Recording for Aggressive Crackdown on Tax Evaders
Karachi, August 9, 2023 – The Federal Board of Revenue (FBR) has taken a significant step in its pursuit of tax evaders by launching an information portal to record all transactions.
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FBR Takes Action: Customs Officer Suspended for 120 Days
Islamabad, August 8, 2023 – In a move aimed at upholding efficiency and discipline within the ranks of the Federal Board of Revenue (FBR), a customs officer holding the position of BS-17 has been suspended for a period of 120 days.
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FBR Implements Senior Customs Officers Transfers in BS-20 and BS-21
Islamabad, August 8, 2023 – The Federal Board of Revenue (FBR) has executed a series of transfers among senior officers of the Pakistan Customs Service (PCS) in BS-20 and BS-21 on Tuesday.
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Non-ATL Property Buyers to Face 250% Higher Income Tax in FY 2023-24
Karachi, August 8, 2023 – The non-ATL buyers of immoveable property will face 250 percent higher tax during fiscal year 2023-24, according to the Federal Board of Revenue (FBR).
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