Karachi, September 9, 2024 – The Federal Board of Revenue (FBR) has reaffirmed that income sourced in Pakistan under international tax treaties will remain exempt from taxation.
(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.
-
Unverified Practitioners Threaten Taxpayers Data Security
Karachi, September 9, 2024 – As the deadline for filing income tax returns for the tax year 2024 approaches, the growing presence of unverified tax practitioners on social media platforms poses a significant threat to taxpayers’ data security.
(more…) -
FBR Adds 2.2 Million Active Taxpayers to ATL 2023
Karachi, September 9, 2024 – The Federal Board of Revenue (FBR) has achieved a significant milestone by adding 2.2 million new taxpayers to the Active Taxpayers List (ATL) for the year 2023.
(more…) -
FBR Pushes Rs 1.16 Trillion Collection to Avert Mini-Budget
Islamabad, September 9, 2024 – The Federal Board of Revenue (FBR) is aiming to achieve a revenue collection target of Rs 1.16 trillion in September 2024, as part of an urgent effort to meet its monthly and quarterly tax goals.
(more…) -
FBR Notifies Tax Rates for Rental Income on Immovable Property
Karachi, September 8, 2024 – The Federal Board of Revenue (FBR) has announced updated withholding tax rates on income from rent of immovable property for the tax year 2024-25.
(more…) -
Income Tax Exemptions for Diplomats and UN Employees
The Federal Board of Revenue (FBR) has reaffirmed that income tax exemptions will continue for diplomats and individuals working for the United Nations (UN) during the 2024-25 tax year.
(more…) -
FBR Issues New Withholding Tax Card for Exports
Karachi, September 7, 2024 – The Federal Board of Revenue (FBR) has released the updated withholding tax rates for exports, effective from the tax year 2024-25.
(more…) -
FBR Extends Tax Exemption on Agricultural Income for TY 2024-25
Karachi, September 7, 2024 – The Federal Board of Revenue (FBR) has announced the continuation of tax exemption on agricultural income for the tax year 2024-25.
(more…) -
FBR Issues Tax Rates on Payments for Goods and Services
Karachi, September 6, 2024 – The Federal Board of Revenue (FBR) has announced updated income tax rates on payments made for goods and services under Section 153 of the Income Tax Ordinance, 2001.
(more…) -
Deduction for Intangibles under Income Tax Law
Karachi, September 6, 2024 – The Federal Board of Revenue (FBR) has clarified the provisions regarding deductions for intangibles under the Income Tax Ordinance, 2001. In its latest update, issued until June 30, 2024, the FBR has outlined the procedures and rules for the amortization of intangible assets, providing a clear framework for taxpayers.
(more…)