Pakistan’s salaried class has erupted in protest against the proposed tax hikes outlined in the recently unveiled Finance Bill 2024. The Salaried Class Alliance, a representative body for salaried workers, has submitted a scathing critique to the newly formed FBR technical anomaly committee.
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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 Exemption Certificate Revocation Sparks Outrage
PkRevenue.com – A storm is brewing in the tax community as the Finance Bill 2024 proposes to revoke the power of Commissioners of Inland Revenue to issue tax exemption certificates.
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FBR Unveils Strategy to Achieve Rs 12.97 Trillion Target in 2024-25
The Federal Board of Revenue (FBR) is gearing up to achieve an ambitious tax collection target of Rs 12.97 trillion for the fiscal year 2024-25, according to the recently released budget documents.
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FBR Forms Committees to Resolve Finance Bill 2024 Anomalies
Islamabad, June 15, 2024 – The Federal Board of Revenue (FBR) announced the formation of two high-powered committees on Saturday, tasked with identifying and resolving anomalies in the Finance Bill 2024.
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Finance Bill 2024 Unveils Enhanced Tax Rates for Phone Users
Islamabad, June 15, 2024 – The Finance Bill 2024 has introduced higher withholding tax rates for users of telephone and internet services, effective from July 1, 2024. This change aims to enhance tax compliance and revenue collection by the Federal Board of Revenue (FBR).
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FBR Extends Sales Tax Return Filing Deadline to June 24, 2024
Islamabad, June 14, 2024 – The Federal Board of Revenue (FBR) announced on Friday an extension for the deadline to file sales tax and federal excise returns.
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FBR to Open Tax Collection Window on June 22 and 23
Islamabad – The Federal Board of Revenue (FBR) on Friday announced that it will observe normal working days on Saturday, June 22, 2024, and Sunday, June 23, 2024.
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Incomplete Tax Return to Attract Fine and Imprisonment: FBR
The Federal Board of Revenue (FBR) has announced that filing an incomplete income tax return could lead to severe penalties, including a fine and up to one year of imprisonment.
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FBR to Collect Tax on Value of Motor Vehicles Starting July 1, 2024
Starting July 1, 2024, the Federal Board of Revenue (FBR) will shift its method of collecting advance income tax on motor vehicles.
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FBR Unveils Heavy Penalties for CMOs for Denying SIM Blocking
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has announced stringent penalties on Cellular Mobile Operators (CMOs) for refusing to block SIM cards of non-filers, as part of the newly introduced amendments in the Finance Bill, 2024.
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