Karachi, January 10, 2025 – The Federal Board of Revenue (FBR) has successfully acquired detailed customer data for both pre-paid and post-paid telecom subscribers from all major telecom companies for the fiscal year 2023-24. This significant move is part of FBR’s ongoing effort to integrate third-party databases to enhance data accuracy and improve tax compliance across various sectors.
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FBR, Pakistan’s national tax collecting agency, plays a crucial role in the country’s economy. Pakistan Revenue is committed to providing readers with the latest updates and developments regarding FBR activities.
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Evade Tax, Face 10 Years: FBR Sends Stern Message
Karachi, January 10, 2025 – The Federal Board of Revenue (FBR) has announced stringent measures against sales tax fraud, including a jail term of up to 10 years for offenders. These penalties are prescribed under the Sales Tax Act, 1990, and aim to curb fraudulent practices that undermine the country’s revenue collection efforts.
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PM Shehbaz Orders Swift Resolution of FBR Legal Cases
Islamabad, January 10, 2025 – Prime Minister Shehbaz Sharif, in a meeting held on Friday, emphasized the need for urgent measures to expedite the resolution of legal cases related to the Federal Board of Revenue (FBR) and its revenue collection efforts. He directed relevant authorities to recruit highly skilled professionals for the appellate tribunals, aiming to clear the backlog of pending cases swiftly.
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FBR Unearths Rs106B Money Laundering in Solar Panel Imports
Karachi, January 10, 2025 – The Federal Board of Revenue (FBR) has uncovered a massive money laundering scheme amounting to Rs 106 billion, linked to fraudulent practices in solar panel imports. This revelation came after an intensive investigation led by the Post Clearance Audit (PCA), South, a key arm of the FBR.
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FBR Ends Substandard Cargo Tracking, Initiates New Process
Karachi, January 9, 2025 – The Federal Board of Revenue (FBR) has exposed significant failures in a company’s ability to monitor and track transit cargo destined for Afghanistan, leading to the termination of its license. In a detailed statement, the FBR addressed concerns raised by recent media reports, clarifying the rationale behind its actions and highlighting measures taken to ensure effective cargo monitoring during the interim period.
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RTO-I Karachi Cracks Down on Six More Wedding Halls
Karachi, January 9, 2025 – The Regional Tax Office (RTO-I) Karachi has extended its crackdown on tax defaulters by taking action against six additional wedding halls. This move comes as part of the ongoing efforts to enforce compliance with tax laws and broaden the tax net.
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Harsh Penalties Announced for Obstructing FBR Officials
Karachi, January 9, 2025 – The Federal Board of Revenue (FBR) has issued a stern warning against obstructing its officials during the performance of their duties, emphasizing that such actions could lead to severe penalties, including imprisonment.
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Karachi Shares 46% of FBR Total Revenue Collection in FY24
Karachi, January 8, 2025 – Karachi, Pakistan’s commercial and financial powerhouse, has once again proven its pivotal role in the national economy, contributing a significant 46% to the Federal Board of Revenue’s (FBR) total revenue collection in the fiscal year 2023-24.
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FBR Reports Alarming Rise in Sales Tax Refund Delays
Karachi, January 8, 2025 – The Federal Board of Revenue (FBR) has highlighted a concerning rise in delays for processing sales tax refunds, signaling inefficiencies in the system despite an increase in processed claims.
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FBR ATL Gaps: 38% from 13.45M Registered Taxpayers
Karachi, January 8, 2025 – The Federal Board of Revenue (FBR) has disclosed concerning statistics, revealing that out of 13.45 million registered taxpayers, only 38% are part of the Active Taxpayers List (ATL). This highlights significant gaps in compliance and enforcement.
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