Karachi, March 27, 2024 – In a move aimed at bolstering revenue collection efforts, the Federal Board of Revenue (FBR) has declared full working days during the last weekend of March 2024, suspending the usual observance of weekly holidays.
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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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Pakistan Announces Honor Card for Top Taxpayers
In a bid to acknowledge and reward the contribution of top taxpayers towards the economic development of the country, Prime Minister Shehbaz Sharif of Pakistan has unveiled a groundbreaking initiative – the Honor Card for Top Taxpayers.
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CCP Examines Request for PTCL and Telenor Merger
Islamabad, March 26, 2024 – The Competition Commission of Pakistan (CCP) has announced its examination of the proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor, aiming to address concerns and ensure transparency in the process.
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FLYING INVOICES: LTO Karachi Unearths Rs 5 Billion Tax Evasion
Karachi, March 26, 2024 – The Large Taxpayers Office (LTO) Karachi has uncovered a staggering sales tax evasion scheme, amounting to a loss of Rs 5 billion to the national treasury through the issuance of fake and flying invoices.
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Pakistan Amends Policy for Importing New Vehicles
Islamabad, March 25, 2024 – Pakistan has introduced amendments to the policy governing the import of new motor vehicles into the country, signaling significant changes in regulations.
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FBR Transfers 34 Customs Officers in Major Shakeup
In a significant administrative shakeup, the Federal Board of Revenue (FBR) has announced the transfer and appointment of 34 senior customs officers across various positions.
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FBR Records 0.4 Million New Active Taxpayers in March 2024
Karachi, March 25, 2024 – The Federal Board of Revenue (FBR) has announced a significant milestone with the addition of 400,000 new active taxpayers in March 2024.
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FBR Initiates Tax Collection under Tajir Dost Scheme from July 15
Karachi, March 24, 2024 – The Federal Board of Revenue (FBR) will initiate tax collection under the newly proposed Tajir Dost Scheme for small traders and shopkeepers starting on July 15, 2024.
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Business Tax Integration Expanded Across Pakistan
Karachi, March 23, 2024 – Pakistan has taken a significant stride in integrating business enterprises in real-time through its portal for documenting transactions nationwide.
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Retailers Get Relief from Tax Integration in Pakistan
Karachi, March 23, 2024 – The retail sector in Pakistan is set to receive a significant boost as the Federal Board of Revenue (FBR), the country’s apex tax authority, announced a series of incentives aimed at providing relief to retailers from mandatory online integration with tax authorities.
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