Karachi, September 1, 2024 – The Federal Board of Revenue (FBR) expressed optimism on Sunday about meeting its first-quarter revenue collection target for the fiscal year 2024-25, anticipating a rebound in imports driven by lower inflation and a reduced policy rate.
(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.
-
Speculation Business: Key Rules Under Income Tax Ordinance
Karachi, September 1, 2024 – The Federal Board of Revenue (FBR) has provided clarity on the definition and treatment of speculation business under the Income Tax Ordinance, 2001, as applicable for the tax year 2024-25.
(more…) -
FBR Plans Performance-Based Transfers of Senior Officers
Karachi: The Federal Board of Revenue (FBR) is preparing to implement performance-based transfers of senior officers, focusing on revenue collection efficiency.
(more…) -
PTBA Presents Urgent Tax Concerns to New FBR Chief
Karachi, August 31, 2024 – The Pakistan Tax Bar Association (PTBA) on Saturday highlighted key tax challenges and issues facing taxpayers in a letter to Rashid Mehmood, the newly appointed chairman of the Federal Board of Revenue (FBR).
(more…) -
FBR Collects Rs 183 Billion Tax on Property Transactions in TY24
Karachi, August 31, 2024 – The Federal Board of Revenue (FBR) has collected an impressive Rs 183 billion from taxes on immovable property transactions during the tax year 2023-24 (TY24).
(more…) -
FBR Details 2024-25 Business Income Tax Updates
Karachi, August 30, 2024 – The Federal Board of Revenue (FBR) has released the updated guidelines for business income tax for the tax year 2024-25, offering detailed insights into tax obligations under the Income Tax Ordinance, 2001.
(more…) -
FBR Announces Deductions for Property Income Tax: What Property Owners Need to Know
Karachi, August 29, 2024 – In a notable update for property owners across Pakistan, the Federal Board of Revenue (FBR) has announced several deductions available under the Income Tax Ordinance, 2001, for calculating tax on income derived from property.
(more…) -
FBR Unveils Key Return Filing Deadlines for Tax Year 2024
Karachi, August 29, 2024 – The Federal Board of Revenue (FBR) has announced the deadlines for submitting annual income tax returns for the tax year 2024.
(more…) -
FBR Facilitates Exporters of Unmanufactured Tobacco
Karachi, August 28, 2024 – The Federal Board of Revenue (FBR) on Wednesday issued a general order to ease the export process for unmanufactured tobacco, addressing longstanding concerns among exporters regarding the payment of federal excise duty (FED).
(more…) -
FBR Mandates Deemed Income Tax for Traders in Simple Return
Karachi, August 28, 2024 – The Federal Board of Revenue (FBR) on Wednesday introduced a simplified return form for traders, making the declaration of deemed income mandatory under the new guidelines.
(more…)