KARACHI: The Sindh Revenue Board (SRB) on Monday notified updated sales tax rate of 19.5% on telecommunication services.
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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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FBR officers face penal action for failure in filing asset declaration
Senior officers of the Federal Board of Revenue (FBR) in Pakistan could face penal action for failing to file their asset declarations.
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President Alvi orders genuine tax refund cannot be refused after late filing claim
President of Pakistan, Dr. Arif Alvi, Sunday ordered that a genuine tax refund cannot be refused even after late filing of a claim.
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Pakistan sees surge in illicit cigarette sales after massive tax hike, says Philip Morris
Sales of illicit cigarettes have surged following a massive tax hike on the legal cigarette industry, according to Philip Morris (Pakistan).
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FBR and provinces harmonize sales tax on services with new uniform rules
The Federal Board of Revenue (FBR) and provincial revenue authorities in Pakistan have announced the implementation of uniform ‘Place of Provision of Services Rules-2023’ from May 1, 2023, in an effort to harmonize sales tax on services across the country.
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FTO directs Lahore Customs to return $10,000 in currency seizure case
Federal Tax Ombudsman (FTO) has directed Lahore Customs to return $10,000 to a complainant in currency seizure case.
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FBR urges citizens to stay informed about their financial transactions
The Federal Board of Revenue (FBR) Friday urged citizens to stay aware of their financial transactions, stating that the board holds records of all major financial activities.
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President Alvi orders FBR to submit report on whistle-blower identity leak
President Dr Arif Alvi has ordered the Federal Board of Revenue (FBR) to explain how the identity of a whistle-blower who reported large-scale tax evasion/fraud by a private limited company was leaked to his employer, resulting in threats to the whistle-blower by the tax-evading company.
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KTBA informs FBR of dysfunctional ATIR following Chairman’s retirement
The Karachi Tax Bar Association (KTBA) has raised concerns regarding the current situation of the Appellate Tribunal Inland Revenue (ATIR) after the superannuation of its previous chairman, Muhammad Waseem Chaudhary.
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FBR proposes changes to rules for temporary car imports by tourists
Federal Board of Revenue (FBR) on Wednesday announced amendments to the rules governing the temporary import of cars by tourists.
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