FBR Launches Draft Income Tax Return Forms for Year 2023
ISLAMABAD: The Federal Board of Revenue (FBR) has taken a significant step towards facilitating taxpayers by launching the draft income tax return forms for the tax year 2023.
ISLAMABAD: The Federal Board of Revenue (FBR) has taken a significant step towards facilitating taxpayers by launching the draft income tax return forms for the tax year 2023.
Islamabad, June 19, 2023 – Recent data released on Monday highlights a significant increase in the number of active taxpayers in Pakistan, reaching 3.94 million.
Islamabad, June 19, 2023 – The Federal Board of Revenue (FBR) has announced that the cost of exemptions and concessions in Pakistan expanded to 3.36 percent of the GDP during the fiscal year 2021-2022.
The State Bank of Pakistan (SBP) has issued a directive to commercial banks, instructing them to extend their operating hours on Sunday, June 24, 2023. This move comes in response to a request from the Federal Board of Revenue (FBR) and is aimed at facilitating the payment of duties and taxes by taxpayers.
Karachi, June 18, 2023 – The tax concession provided to retailers and jewelers through the Finance Bill, 2023 has come under scrutiny, with critics arguing that it is aimed at appeasing certain political groups in light of the upcoming general elections.
Karachi, June 17 – The Pakistan Single Window (PSW) has successfully integrated the Marine Fisheries Department (MFD) and Mercantile Marine Department (MMD) into its digital network in collaboration with the Ministry of Maritime Affairs.
Tax experts have raised questions regarding the proposed enhancement of the foreign currency threshold for the money whitening scheme outlined in the Finance Bill of 2023.
Karachi, June 16, 2023 – The Directorate of Intelligence and Investigation (I&I) of Inland Revenue (IR) in Karachi has made a significant breakthrough in the fight against the mafia involved in fake and flying invoice scams.
Karachi, June 16, 2023: The Federal Board of Revenue (FBR) has taken strict measures against Sputnik Shoes by sealing their outlets in Karachi due to their persistent tax evasion over the years.
In a significant move to promote tax compliance and strengthen the country’s revenue base, Pakistan has implemented an Active Taxpayers List (ATL) system.