Islamabad, August 8, 2023 – The Economic Coordination Committee (ECC) of the cabinet has given its nod to the extension of the Prime Minister’s Relief Package for five essential items, ensuring subsidized rates through the Utility Stores Corporation (USC).
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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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Non-ATL Property Buyers to Face 250% Higher Income Tax in FY 2023-24
Karachi, August 8, 2023 – The non-ATL buyers of immoveable property will face 250 percent higher tax during fiscal year 2023-24, according to the Federal Board of Revenue (FBR).
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Pakistan Assures Full Implementation of One Window Operations for Chinese Investors
Islamabad, August 7, 2023 – Pakistan’s Prime Minister Muhammad Shehbaz Sharif announced the government’s commitment to fully implement one window operations to facilitate Chinese investors in the country, especially those involved in the China Pakistan Economic Corridor (CPEC).
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ATL Broadens to 4.32 Million
Pakistan’s Active Taxpayers List (ATL) has seen a significant increase, reaching 4.32 million, owing to measures that compelled non-compliant individuals and businesses to join the documentation system.
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FBR Chairman Rejects Tax Exemption for Realtors Amid IMF Stand-By Arrangement
Islamabad, August 7, 2023 – In a meeting with representatives from the real estate sector, Malik Amjed Zubair Tiwana, the Chairman of the Federal Board of Revenue (FBR), firmly declined to grant any tax exemption to the realtors.
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Tragic Train Collision in Pakistan Leaves Many Dead and Injured
Islamabad, August 6, 2023 – A tragic accident occurred near Nawabshah in Sindh Province as a passenger train collided, resulting in multiple fatalities and serious injuries.
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FBR Introduces 15% Income Tax on Prepaid Phone Cards
Karachi, August 6, 2023 – In a recent development, the Federal Board of Revenue (FBR) has imposed a 15 percent income tax on the sale price of prepaid phone cards.
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Latest Tax Rates for Electricity Consumption in FY 2023-24
Karachi, August 6, 2023 – The Federal Board of Revenue (FBR) has announced the latest tax rates for electricity consumption for the fiscal year 2023-24.
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FBR Introduces 200% Higher Tax Rates for Non-ATL Motor Vehicle Registration in FY 2023-24
In a move aimed at broadening the tax net and encouraging tax compliance, the Federal Board of Revenue (FBR) has announced a substantial 200 percent increase in tax rates for individuals not appearing on the Active Taxpayers List (ATL) at the time of motor vehicle registration during the fiscal year 2023-24.
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FBR Chairman Constitutes Committee to Address Tax Issues Faced by Karachi Business Community
Karachi, August 4, 2023 – In an effort to expedite the resolution of tax matters affecting the business community in Karachi, the Chairman of the Federal Board of Revenue (FBR), Amjad Zubair Tiwana, announced the formation of a high-powered committee.
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