Islamabad, December 26, 2024 – Finance Minister Mohammad Aurangzeb revealed on Thursday that the Federal Board of Revenue (FBR) had identified approximately 190,000 individuals who have evaded taxes totaling around Rs 60 billion. This was part of the government’s ongoing efforts to improve tax compliance and expand the tax base through digitization and data analytics.
(more…)Category: Top stories
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.
-
PTBA Recommends 2FA for Taxpayers Login Security on IRIS
Karachi, December 26, 2024 – The Pakistan Tax Bar Association (PTBA), the premier tax advisory body in the country, has strongly recommended that the Federal Board of Revenue (FBR) adopt Two-Factor Authentication (2FA) for securing taxpayer accounts on the IRIS portal.
(more…) -
OGDCL Enhances Oil Production from Pasakhi-5 Well
Karachi, December 26, 2024 – Oil and Gas Development Company Limited (OGDCL) announced on Thursday the successful revival and significant enhancement of oil production from the Pasakhi-5 Well, situated in District Hyderabad, Sindh. This development marks another milestone in OGDCL’s efforts to strengthen Pakistan’s energy sector.
(more…) -
FBR Achieves 135% Growth in Capital Gains Tax Collection
Karachi, December 25, 2024 – The Federal Board of Revenue (FBR) has recorded an impressive 135% increase in the collection of capital gains tax (CGT) during the first five months of the fiscal year 2024-25 (5MFY25).
(more…) -
Citizens Reluctant to Engage with Tax Authorities: Aurangzeb
Islamabad: Finance Minister Muhammad Aurangzeb has highlighted a growing sentiment among citizens, who are willing to pay higher taxes but are reluctant to interact with tax authorities.
(more…) -
Tax Bars Call on FBR to Abandon Password Expiry Policy
Karachi, December 24, 2024 – Tax bars across Pakistan have strongly criticized the recently introduced password expiry policy by the Federal Board of Revenue (FBR), urging its immediate revocation. The policy, which mandates password changes every 60 days for users accessing the IRIS tax portal, has been denounced as an unnecessary complication for taxpayers and practitioners alike.
(more…) -
FBR Mandates IRIS Password Changes Every Two Months
The Federal Board of Revenue (FBR) has introduced a mandatory policy requiring taxpayers to frequently change their passwords on the online tax portal, IRIS, as part of enhanced security measures.
(more…) -
FBR Records 95% Surge in Tax Collection on Dividend Payouts
Karachi, December 23, 2024 – The Federal Board of Revenue (FBR) has reported an impressive 95% increase in tax collection from dividend payouts during the first five months of the current fiscal year 2024-25. This significant surge reflects the FBR’s enhanced efficiency and the impact of recent tax policy changes.
(more…) -
KSE-100 Index Soars 4.03% Amid PTI-Government Talks
Karachi, December 23, 2024 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a significant surge on Monday, climbing by 4.03% or 4,411 points, driven by the initiation of talks between the Pakistan Tehreek-i-Insaaf (PTI) party and the government. The KSE-100 index closed at 113,924 points, a notable increase from last Friday’s closing of 109,513 points.
(more…) -
ATL Soars to 5.83 Million for Tax Year 2024: FBR
Karachi, December 23, 2024 – The Federal Board of Revenue (FBR) on Monday announced that the Active Taxpayers List (ATL) has grown significantly, reaching 5.83 million for the tax year 2024. The FBR stated that this milestone reflects the number of income tax returns filed by December 22, 2024.
(more…)