Karachi, May 2, 2024 – The Federal Board of Revenue (FBR) is currently embroiled in controversy following a significant reshuffle of its senior officers, leading to widespread demoralization and discontent among its ranks.
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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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Law Minister Signals Further Reshuffling Within FBR
Islamabad, May 2, 2024 – Federal Law Minister Azam Nazeer Tarar announced on Thursday potential upcoming reshuffles within the Federal Board of Revenue (FBR), indicating a continued commitment to revamp and enhance the efficiency of the entity amidst ongoing economic reforms.
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FBR Officers Raise Alarms Over Recent Organizational Reshuffle
Islamabad, May 2, 2024 – Tensions are high within the Federal Board of Revenue (FBR) following a recent organizational reshuffle that has notably disturbed the operations of both the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS).
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FBR Aims to Enroll 3 Million Shopkeepers and Traders
ISLAMABAD, May 2, 2024 — The Federal Board of Revenue (FBR) is ramping up efforts to register 3 million shopkeepers and traders under the Tajir Dost Scheme-2024.
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Enigma of Tax Litigation and FBR’s failure
The labyrinthine world of tax litigation in Pakistan has long been a subject of acute professional scrutiny and debate. The introduction of the Tax Laws (Amendment) Bill, 2024, by the Pakistani Parliament ostensibly seeks to expedite the resolution of a staggering Rs 2.7 trillion currently mired in the quagmire of income tax tribunals and higher courts.
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FBR Forms Strategic Policy Cell to Steer Finance Bill 2024
The Federal Board of Revenue (FBR) has announced the formation of a dedicated policy cell tasked with shaping the Finance Bill for the fiscal year 2024-25.
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FBR Set to Revamp Property Valuations by July 1st
Islamabad, May 1, 2024: The Federal Board of Revenue (FBR) is gearing up for a significant overhaul of property valuation tables, aiming to bring them closer to fair market value (FMV) starting July 1, 2024.
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FBR Faces Criticism for Exposing Identity of 0.5 Million Non-Filers
The Federal Board of Revenue (FBR) has stirred controversy by revealing the identity of over half a million citizens who have not filed their income tax returns, according to Income Tax General Order No. 1 issued on April 30, 2024.
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FBR Portal Denies Input Tax Adjustment for Registered Taxpayers
In a recent development that has caused widespread disruption among the business community, the Federal Board of Revenue (FBR) portal is currently denying input tax adjustments to registered sales tax persons, in the wake of the implementation of SRO 350.
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MTO Karachi Achieves 80% Growth in April Tax Collections
Karachi – The Medium Tax Office (MTO) in Karachi has reported an extraordinary 80% year-on-year increase in tax collections for April 2024, according to the latest provisional figures released this Tuesday.
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