Islamabad, May 10, 2024 – Pakistan’s telecom operators have begun the process of blocking mobile phone SIM cards belonging to individuals who have not filed their income tax returns.
(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.
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Aurangzeb Directs FBR to Intensify Detection of Sales Tax Fraud
Islamabad, May 10, 2024 – In a move to clamp down on rampant sales tax fraud and the circulation of fake invoices, Finance Minister Muhammad Aurangzeb instructed the Federal Board of Revenue (FBR) to intensify their detection and investigatory efforts.
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FBR Receives Proposals to Clamp Down Benami Car Purchases
KARACHI, May 9, 2024 – The Federal Board of Revenue (FBR) is considering new measures for the 2024-25 budget to combat benami (anonymous) transactions in the automobile sector and to enhance tax collection across various sectors.
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FBR Initiates Date of Birth Verification for Customs Officials
Islamabad, May 8, 2024 – The Federal Board of Revenue (FBR) has commenced a comprehensive verification of date of birth records for officials within Pakistan Customs, aiming to streamline the process of managing retirement cases and other related administrative matters.
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World Bank Vice President Applauds FBR Reforms
Islamabad, May 8, 2024 – In a significant meeting held at the Federal Board of Revenue (FBR) headquarters on Wednesday, Martin Raiser, Vice President of the World Bank, met with Amjed Zubair Tiwana, the Chairman of FBR and Secretary of the Revenue Division.
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FBR Crackdown on Non-Filers Threatens 2.5 Million SIMs
Karachi, May 8, 2024 – The Federal Board of Revenue (FBR) has issued a directive that could lead to the suspension of approximately 2.5 million mobile phone SIMs.
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FBR Tightens Oversight on Sales Tax Collection via Bank Accounts
Islamabad, May 8, 2024 – The Federal Board of Revenue (FBR) has rolled out new guidelines aiming to enhance the regulatory framework for the collection of sales tax and federal excise duty (FED) through the attachment of taxpayers’ bank accounts.
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FBR Amends Sales Tax Rules for Balance Sheet Requirement
Karachi, May 8, 2024 – The Federal Board of Revenue (FBR) has amended the requirements for submitting balance sheets along with monthly sales tax returns.
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Thousands of Cases Stuck Amid Missing Rules for New Tax Laws
As the government rolled out the Tax Laws (Amendment) Act, 2024, thousands of tax cases have been bottlenecked at various tribunals, casting a shadow over the efficacy of the new legislative framework.
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CMOs Push Back Against SIM Block Directive for Tax Non-Filers
In a recent turn of events that has the telecom industry at odds with the Federal Board of Revenue (FBR), Cellular Mobile Operators (CMOs) in Pakistan have voiced significant apprehensions regarding the FBR’s directive to block SIM cards of tax non-filers.
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