Faisalabad, August 23, 2024 – Muhammad Naeem Mir, the Prime Minister’s Coordinator for the Tajir Dost Scheme, announced on Friday that the Federal Board of Revenue (FBR) is actively reviewing the tax valuation tables in response to concerns raised by traders.
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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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FBR Unveils Deemed Income Tax Rates for TY 2024-25
Karachi, August 23, 2024 – The Federal Board of Revenue (FBR) has announced the deemed income tax rates for the tax year 2024-25, a move that is expected to impact various resident taxpayers across Pakistan. The new rates, which have been outlined in the Income Tax Ordinance, 2001, updated as of June 30, 2024, come into effect under Section 7E of the Ordinance.
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FBR Sets Income Tax Rates for Foreign Shipping Operators
Karachi, August 22, 2024 – The Federal Board of Revenue (FBR) has officially set the income tax rates applicable to shipping and air transport services operated by non-resident entities.
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FBR Clarifies Tax on Non-Resident Payments for TY 2024-25
Karachi, August 20, 2024 – The Federal Board of Revenue (FBR) has recently outlined the income tax rates applicable to payments made to non-residents during the tax year 2024-25.
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FBR Issues Fresh Instructions for Submitting PERs
Islamabad, August 20, 2024 – The Federal Board of Revenue (FBR) has issued fresh instructions for the submission of Performance Evaluation Reports (PERs) for all employees of the Inland Revenue Service and Pakistan Customs Service.
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FBR Threatens Disciplinary Action Over Choice Postings
Karachi, August 20, 2024 – The Federal Board of Revenue (FBR) issued a stern warning on Tuesday to its officers, cautioning against the use of influence to secure preferential or “choice” postings within the organization.
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FBR Updates Tax on Dividend Income for Tax Year 2024-25
KARACHI, August 20, 2024 – The Federal Board of Revenue (FBR) has announced updated tax rates on dividend income for the tax year 2024-25, as per the amendments made to the Income Tax Ordinance, 2001, updated on June 30, 2024.
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FBR Announces Updated Super Tax Structure for Tax Year 2024-25
Karachi, August 18, 2024 – The Federal Board of Revenue (FBR) has unveiled the latest position on the super tax applicable for the tax year 2024-25, in accordance with the Income Tax Ordinance, 2001, updated up to June 30, 2024.
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FBR Issues 2024-25 Taxable Income Calculation Guide
Karachi, August 17, 2024 – The Federal Board of Revenue (FBR) has officially released the guidelines for computing taxable income for the Tax Year (TY) 2024-25, outlining the specific methodologies and provisions to be followed by taxpayers.
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FBR Extends Deadline for July Sales Tax Return Filing
Karachi, August 16, 2024 – In a move aimed at alleviating the pressures faced by businesses amid widespread internet issues, the Federal Board of Revenue (FBR) has announced an extension for the filing of sales tax returns for July 2024.
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