Karachi, July 29, 2024 – The Federal Board of Revenue (FBR) has announced July 31, 2024, as the deadline for shopkeepers and retailers to make the first monthly payment of advance tax under the Tajir Dost Scheme.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Visa Reforms to Promote Tourism in Pakistan: PM Shehbaz
Islamabad, July 29, 2024 – Prime Minister Muhammad Shehbaz Sharif announced on Sunday that the government has introduced significant visa reforms aimed at facilitating foreign investors, business communities, and tourists.
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Aurangzeb Hopes Provinces to Legislate for Agriculture Tax
Islamabad, July 28, 2024 – Finance Minister Muhammad Aurangzeb expressed optimism that all provinces will legislate to bring agricultural income into the tax net.
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Rupee Expected to Remain Steady Amidst Monetary Policy Await
Karachi: The Pakistani rupee is anticipated to maintain its current range against the US dollar in the coming week, as market participants closely monitor the State Bank of Pakistan’s (SBP) upcoming interest rate decision.
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FBR Notifies Tax Rates on Electricity Consumption for 2024-25
Karachi, July 27, 2024 – The Federal Board of Revenue (FBR) has announced the new income tax rates on electricity consumption for the fiscal year 2024-25. The updated rates are part of the amendments made to the Income Tax Ordinance, 2001 through the Finance Act, 2024.
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Salary Income Slabs for Tax Year 2024 Return Filing
Karachi, July 27, 2024 – As the deadline for filing income tax returns for the tax year 2024 approaches, salaried individuals are grappling with understanding which salary slabs to apply.
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SECP Registers 27,542 New Companies in Fiscal Year 2023-24
Islamabad, July 27, 2024 – The Securities and Exchange Commission of Pakistan (SECP) registered 27,542 new companies during the fiscal year 2023-24, bringing the total number of SECP-registered companies to 222,697, according to an official statement.
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FBR Simplifies Active Taxpayer Status Verification
Karachi, July 27, 2024 – The Federal Board of Revenue (FBR) has implemented new, streamlined methods for taxpayers to verify their active status, which is essential for availing tax benefits. Individuals and businesses can now easily confirm their eligibility through several accessible channels.
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Sensitive Price Inflation in Pakistan Surges 20% YoY
Islamabad, July 26, 2024 – The Sensitive Price Indicator (SPI) inflation on a Year on Year (YoY) basis has surged by 20.09% for the week ending July 25, 2024, according to the latest data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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Sindh Grants Sales Tax Exemption for Construction Services
Karachi, July 26, 2024 – The Sindh government has announced a significant exemption of sales tax on services rendered by construction companies, subject to specific conditions, in a move aimed at stimulating the construction sector and facilitating growth.
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