Islamabad, December 15, 2023 – Pakistan weekly inflation surged by a staggering 43 percent on a year-on-year basis by December 14, 2023, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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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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FBR Denies Goods Declaration Filing for Non-Active Taxpayers
Karachi, December 15, 2023 – The Federal Board of Revenue (FBR) has announced that non-active taxpayers will no longer be allowed to file goods declarations, as per the updated Sales Tax Rules, 2006 for the tax year 2024.
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Persons Required to File Tax Return Deemed Registered
Karachi, December 15, 2023 – The Federal Board of Revenue (FBR) in Pakistan has announced significant updates to the Income Tax Rules, 2002, for the tax year 2024, emphasizing that individuals required to file income tax returns will now be considered as registered entities.
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Pakistan Announces Final Petroleum Prices for 2023 Today
Karachi, December 15, 2023 – In a surprising turn of events, Pakistan is poised to confound its citizens with a potentially unexpected decision regarding petroleum prices in the final announcement of 2023.
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FBR Releases HS Code List for Input Adjustment on Raw Materials
Islamabad, December 14, 2023 –The Federal Board of Revenue (FBR) issued a comprehensive list of Harmonized System (HS) Products eligible for tax input adjustment in a move aimed at facilitating manufacturers across various sectors.
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FBR Finds Solution to Confirm Electronic Service of Notices
Karachi, December 14, 2023 – The Federal Board of Revenue (FBR) in Pakistan has unveiled a groundbreaking solution to address concerns related to the electronic service of notices.
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PTCL Acquires Telenor Pakistan in Landmark Telecom Deal
Karachi, December 14, 2023 – The Pakistan Telecommunication Company Limited (PTCL) has formally announced its acquisition of 100 percent shares in Telenor Pakistan Limited (TPL).
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Pakistan Stocks Dip by 1,146 Points on Political Concerns
Karachi, December 13, 2023 –Pakistan stocks witnessed a significant downturn on Wednesday, with stocks plunging by 1,146 points, primarily attributed to emerging political concerns during the day.
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Updated Rules for Air Ticket Tax Collection Unveiled by FBR
Karachi, December 13, 2023 – The Federal Board of Revenue (FBR) has issued updated rules for the collection of advance tax on the sale of air tickets during the tax year 2024.
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FBR Extends Electronic Invoicing Condition to FMCGs
Islamabad, December 12, 2023 – The Federal Board of Revenue (FBR) has extended the requirement for electronic sales tax invoicing to the sale of fast moving consumer goods (FMCGs).
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