The Federal Board of Revenue (FBR) has recently appointed Sajidullah Siddiqui, a senior BS-21 officer, as the Chief Commissioner Inland Revenue of Large Taxpayers Office (LTO) Karachi.
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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 Customs to auction various models of iPhones
Pakistan Customs has announced an auction for various models of iPhones that will be held on May 10, 2023, at Customs Dryport Multan.
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IRS officers shuffled as FBR struggles to meet tax collection targets
The Federal Board of Revenue (FBR) Friday May 05, 2023 announced a major reshuffle of officers in the Inland Revenue Service (IRS) from BS-17 to BS-20, citing the need to improve tax collection efforts.
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Sunset clause expires, RD on vehicle, mobile phone automatically withdrawn: FBR
The Federal Board of Revenue (FBR) recently made an announcement stating that the notification for imposing regulatory duties (RD) on the import of vehicles and mobile phones had a sunset clause that expired on March 31, 2023.
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FBR intensifies operations against sugar smuggling
The Federal Board of Revenue (FBR) is taking steps to prevent sugar smuggling and ensure sufficient availability in the domestic market.
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FBR’s revenue collection from cigarette sales falls short of expectations despite FED hike
The Federal Board of Revenue (FBR) did not meet its revenue collection target from cigarette sales in April 2023, despite the sharp increase in Federal Excise Duty (FED) on the tobacco industry through the mini-budget in February this year.
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Customs seizes essential commodities worth Rs754 million in anti-smuggling operations
Asim Ahmad, the Chairman of the Federal Board of Revenue (FBR), recently paid a visit to the Customs Intelligence Headquarters in Islamabad to commend the success of recent anti-smuggling operations.
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Impact of regulatory duty removal on used car prices in Pakistan
The Auto Traders and Importers Association on Thursday reacted to the end of the 20% regulatory duty on used imported cars in Pakistan.
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FBR announces promotion of Inland Revenue Service officers to BS-19
Federal Board of Revenue (FBR) on Wednesday May 03, 2023 announced promotion of Inland Revenue Service (IRS) officers from BS-18 to BS-19.
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FBR signs information sharing pacts with Sindh and Balochistan
In an effort to promote efficiency and transparency in the tax collection system, the Federal Board of Revenue (FBR) has entered into information sharing agreements with two provincial revenue boards, namely the Board of Revenue Sindh and the Board of Revenue Balochistan.
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