Karachi, September 25, 2024 — The Federal Board of Revenue (FBR) has ramped up its efforts to ensure taxpayer compliance by sending out SMS reminders to registered mobile numbers, urging citizens to submit their annual income tax returns by the September 30, 2024, deadline.
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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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Tax Advisors Call for November 30 Extension for Return Filing
Islamabad, September 2024 — The Pakistan Tax Advisors Association (PTAA) has called upon the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns and wealth statements for the tax year 2024 from September 30 to November 30.
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FBR Issues Updated Tax Guidelines for Non-Filers and Late Filers
Karachi, September 25, 2024 – The Federal Board of Revenue (FBR) has issued updated guidelines for individuals and entities who have either failed to file their annual income tax returns or submitted them after the due date.
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FBR Plans Stricter Curbs on Non-Filers in Upcoming Money Bill
ISLAMABAD, September 25, 2024 — The Federal Board of Revenue (FBR) is preparing to introduce stricter curbs on non-filers of tax returns, aiming to prevent them from engaging in various financial and commercial transactions.
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FBR Introduces New Refund System for Exporters from Oct 1
ISLAMABAD: September 26, 2024 — To boost the export industry, the Federal Board of Revenue (FBR) has officially introduced a new, fast-tracked sales tax refund system for exporters, effective from October 1, 2024.
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FBR, Iranian Ambassador Discuss Measures to Boost Trade
Islamabad, September 24, 2024 – In a significant move to enhance trade relations between Pakistan and Iran, the Ambassador of Iran to Pakistan, H.E. Dr. Reza Amiri Moghaddam, met with Chairman Federal Board of Revenue (FBR), Rashid Mahmood Langrial, at the FBR headquarters Tuesday.
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FBR Issues Revised Tax Guidelines for AOPs in Tax Year 2024-25
Karachi, September 24, 2024 – The Federal Board of Revenue (FBR) has introduced revised tax guidelines for Associations of Persons (AOPs) for the tax year 2024-25, aimed at clarifying the principles of taxation under Section 92 of the Income Tax Ordinance, 2001.
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FBR Extends Collection Timings for Pakistan Customs to Boost Revenue
Karachi, September 24, 2024 – In a strategic move to address revenue shortfalls, the Federal Board of Revenue (FBR) has extended collection timings for Pakistan Customs, aiming to generate additional revenue through enhanced duty and tax collection.
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FBR Urges Citizens to File Income Tax Returns Before September 30 Deadline
Karachi, September 23, 2024 – The Federal Board of Revenue (FBR) has called on citizens to submit their income tax returns for the tax year 2024 before the approaching deadline of September 30, 2024. In a statement released on Monday, the FBR emphasized that the deadline would not be extended, urging individuals to fulfill their legal obligations promptly.
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FBR Explains Tax Liability for Deceased Individuals
Karachi, September 23, 2024 – The Federal Board of Revenue (FBR) has provided a comprehensive explanation of the tax liabilities of deceased individuals, as outlined under Section 87 of the Income Tax Ordinance, 2001. This clarification is intended to guide the legal heirs and representatives of deceased individuals regarding their tax obligations.
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