Islamabad, May 26, 2024 – In a significant stride towards broadening Pakistan’s tax base, the Federal Board of Revenue (FBR) has reported a surge in tax registrations under the Tajir Dost Scheme.
(more…)Tag: FBR
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.
-
Withholding Tax on Bank Cash Withdrawals May Rise to 0.9%
Karachi, May 26, 2024 – Pakistan is likely to increase the withholding tax rate on bank cash withdrawals from 0.6 percent to 0.9 percent. This proposed amendment is expected to be a key component of the Federal Board of Revenue (FBR)’s forthcoming budget for 2024-25.
(more…) -
FBR Proposes Reforms to Curb Frauds by Battery Manufacturers
Islamabad, May 26, 2024 – In a decisive move to clamp down on pervasive tax frauds, the Federal Board of Revenue (FBR) has proposed significant reforms in the budget for 2024-25 aimed at lead battery manufacturers.
(more…) -
FBR Mulls Mandatory Sales Tax Deposit by Online Retailers
Islamabad, May 26, 2024 – The Federal Board of Revenue (FBR) is considering a new measure that would require online retailers to deposit sales tax, according to sources within the FBR.
(more…) -
FBR Proposes Eliminating CGT Relief on Immovable Property
Islamabad, May 25, 2024 – The Federal Board of Revenue (FBR) has proposed the elimination of capital gains tax (CGT) relief on the sale of immovable property.
(more…) -
FBR Proposes Capital Gains Tax Levy on Used Cars Sale
Islamabad, May 25, 2024 – In a significant move poised to impact the automotive market, the Federal Board of Revenue (FBR) has proposed the introduction of a capital gains tax (CGT) on the sale of used cars.
(more…) -
PM Shehbaz Rejects Carbon Tax Proposal in 2024-25 Budget
In a decisive move, Prime Minister Shehbaz Sharif has dismissed the Federal Board of Revenue’s (FBR) proposal to implement a carbon tax in the forthcoming 2024-25 budget.
(more…) -
FBR Registers 17,384 Traders Under Tajir Dost Scheme
Islamabad, May 24, 2024 – The Federal Board of Revenue (FBR) announced on Friday that it has successfully registered 17,384 traders under its Tajir Dost Scheme as of May 23, 2024.
(more…) -
FBR Collects Rs 10 Billion in Tax from Bank Cash Withdrawals
Islamabad, May 24, 2024 – The Federal Board of Revenue (FBR) has successfully collected Rs 10 billion in advance tax from cash withdrawals at banks during the first 10 months of the current fiscal year.
(more…) -
FBR Envisions Encompassing Expansive 18% Sales Tax Regime
In a bold and transformative move, the Federal Board of Revenue (FBR) is contemplating an extensive overhaul of the current sales tax framework for the fiscal year 2024-25.
(more…)