Karachi, December 16, 2023 – The Federal Board of Revenue (FBR) announced on Saturday a major administrative overhaul and transferred senior officers within the Inland Revenue Service (IRS).
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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FBR Mandates Displaying NTN at Business Places for TY2024
Karachi, December 16, 2023 – The Federal Board of Revenue (FBR) in Pakistan has issued a significant directive, making it mandatory for businesses to display their National Tax Number (NTN) at their respective places of operation during the tax year 2024.
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Pakistan Slashes Petroleum Prices in Final 2023 Revision
Islamabad, December 16, 2023 –Pakistan has implemented substantial cuts in petroleum prices in the last revision for the year 2023.
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Banks Witness All-Time High Deposits at Rs 26.80 Trillion
Karachi, December 15, 2023 – Banks in Pakistan have witnessed all-time high deposits of Rs 26.80 trillion by end of November 2023, according to official statistics.
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Pakistan Weekly Inflation Climbs 43% YoY Basis
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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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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