Karachi, August 3, 2023 – The Federal Board of Revenue (FBR) has announced the tax rates on immovable property rental income for the fiscal year 2023-24.
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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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Peshawar Customs Announces Auction of Used and Old Motor Vehicles on August 9, 2023
Peshawar, August 3, 2023 – The Collectorate of Customs (Enforcement) in Peshawar has declared an auction of old and used motor vehicles, scheduled to take place on August 9, 2023.
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Tax Rates on Bank Deposits and Saving Schemes in Pakistan Revealed
Karachi, August 3, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued an official notification revealing the tax rates on bank deposits and national savings schemes under Section 151 of the Income Tax Ordinance, 2001.
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Section 7E Compliance Halts Property Transactions in Pakistan
The implementation of the mandatory requirement to comply with section 7E payment has brought property documentations across Pakistan to a near halt.
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Pakistan Imposes Up to 70% Tax on Dividend Income for Non-ATL Recipients
Karachi, August 3, 2023 – Pakistan Federal Board of Revenue (FBR) has implemented a new tax regime for the fiscal year 2023-24, which includes significant changes in the tax rates on dividend income.
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FBR Unveils Withholding Tax Rates During 2023-24 for ATL and Non-ATL Importers
Karachi, August 2, 2023 – The Federal Board of Revenue (FBR) has released the withholding tax rates for the import of goods during the tax year 2023-24.
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FBR Introduces Tracking and Monitoring of Cargo Rules, 2023 to Enhance Trade Security
Islamabad, August 2, 2023 – In an effort to bolster security and ensure transparency in trade, the Federal Board of Revenue (FBR) of Pakistan has notified the Tracking and Monitoring of Cargo Rules, 2023.
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Amjad Zubair Tiwana Appointed as New FBR Chairman
Islamabad, August 2, 2023 – The federal government has made a significant appointment by selecting Amjad Zubair Tiwana as the new Chairman of the Federal Board of Revenue (FBR), the apex tax agency in Pakistan. This decision was conveyed through an official notification issued by the Establishment Division.
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New Tax Measures Boost Revenue: FBR Surpasses July Collection Target
Islamabad, August 1, 2023 – The Federal Board of Revenue (FBR) has achieved remarkable success by surpassing the revenue collection target for July 2023, thanks to the implementation of new tax measures that came into effect at the beginning of the month.
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Tax Filing Nightmares: KTBA Reveals Critical Errors in 2023 Return Forms
Karachi, August 1, 2023: The Karachi Tax Bar Association (KTBA) on Tuesday brought to light critical errors and mistakes present in the income tax return forms for the tax year 2023.
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