Pakistan Revenue
Islamabad, August 28, 2023 – The federal cabinet of Pakistan’s caretaker government is poised to take action to alleviate the burden of inflated electricity bills in a meeting scheduled for August 29, 2023.
Continue Reading
In a determined effort to tackle the mounting issue of excessive electricity bills, Caretaker Prime Minister Anwaar-ul-Haq Kakar has taken charge by demanding a comprehensive plan featuring tangible steps to rationalize power tariffs.
Continue Reading
Karachi, August 27, 2023 – In a bid to streamline its tax system and encourage responsible energy consumption, the Federal Board of Revenue (FBR) of Pakistan has unveiled revised withholding tax rates on electricity bills for the fiscal year 2023-24.
Continue Reading
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.
Continue Reading
Domestic consumers of electricity are not subject to withholding income tax if their names are in the Active Taxpayers List (ATL). The Federal Board of Revenue (FBR) has issued updated withholding tax card 2022-2023 after incorporating amendments made through Finance Act, 2022 to the Income Tax Ordinance, 2001. READ MORE: Tax rates on goods, passenger […]
Continue Reading
Karachi Chamber of Commerce and Industry (KCCI) on Monday demanded the authorities to extend the last date for payment of electricity bills across Pakistan as in the ongoing extraordinary situation, neither the business and industrial community nor the poor masses were in a position to pay their bills. Keeping in view the hardships being faced […]
Continue Reading
The government on Sunday ordered an inquiry into the collection of sales tax at increased rates from retailers. Prime Minister Muhammad Shehbaz Sharif directed the investigation, focusing on the imposition of a higher sales tax ratio on small traders through electricity bills, which exceeded the agreed-upon rate.
Continue Reading
ISLAMABAD: The federal government on Thursday clarified that the tax through electricity bills has not been taken back so far. A clarification has been issued through official media of the government of Pakistan that news being released by some media channels that the government has taken back the decision of tax on electricity bills. READ […]
Continue Reading
ISLAMABAD: The Federal Boar of Revenue (FBR) has issued explanation to tax collection through electricity connections from retailers and service providers. In this regard the FBR issued Income Tax Circular No. 15 of 2022/2023 to explain important amendments introduced through the Finance Act, 2022 to the Income Tax Ordinance, 2001. The FBR said that in […]
Continue Reading
ISLAMABAD: The government has announced a fixed tax regime for small retailers, which will be collected their monthly electricity bills. The fixed tax regime has been proposed through budget 2022/2023, which was announced on June 10, 2022. Through Finance Bill, 2022 amendment has been made to Income Tax Ordinance, 2001 to propose special provisions relating […]
Continue Reading