The Federal Board of Revenue (FBR) on Friday issued SRO 560(I)/2023 to notify rules for implementing transit trade between Tajikistan and Pakistan.
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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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OICCI proposes increase in salaried tax exempt income threshold
The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted its proposals for the upcoming budget 2023-2024 to the Federal Board of Revenue (FBR).
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Regulations imposed on imports for special technology zones
Regulations have been imposed on imports for Special Technology Zones (STZs) by the Federal Board of Revenue (FBR) in an effort to ensure proper management and control over the importation of goods within these zones.
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PBC terms super tax as penalty on documented sector
The Pakistan Business Council (PBC) has expressed its dissatisfaction with the imposition of super tax on corporate profits, describing it as a penalty on the documented sector.
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PBC proposes exemption of capital gains tax on shares with 10-year holding period
The Pakistan Business Council (PBC) has submitted proposals to the Federal Board of Revenue (FBR) for the upcoming budget of 2024-2023. Among the proposals is a recommendation to exempt capital gains tax on shares with a holding period of 10 years.
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Measures proposed to tackle under-invoicing by commercial importers
The Pakistan Business Council (PBC) has proposed several measures to the Federal Board of Revenue (FBR) in order to tackle the problem of under-invoicing by commercial importers.
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Pakistan tightens rules on carnet de-passage to prevent misuse
The Federal Board of Revenue (FBR) – the apex tax agency of Pakistan – on Monday issued a new amendment, SRO 533 (I)/2023, aimed at preventing the misuse of carnet de-passage and temporary importation of vehicles by foreigners and expatriate Pakistanis.
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FBR launches evaluation to combat mis-Invoicing of imported goods
The Federal Board of Revenue (FBR) in Pakistan has launched an evaluation process to combat mis-invoicing of imported goods at customs clearance.
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Pakistan may target banks for additional tax revenue
The Pakistani government is facing a significant shortfall in its revenue target for fiscal year 2023, prompting analysts to suggest that the banking sector could be a prime target for additional taxation levies.
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Motor vehicle tax collection declines to Rs24.87 billion in July – March
KARACHI: Collection of motor vehicle tax in Pakistan has declined by 9 percent to Rs24.87 billion during first nine months (July – March) 2022-2023 owing to challenging economic conditions hampering the growth in automotive industry.
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