ISLAMABAD, February 16, 2024 – In a recent report, the Federal Tax Ombudsman (FTO) has highlighted significant deficiencies in the Federal Board of Revenue’s (FBR) process of determining fair market property values.
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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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Simplified Tax Return to Benefit 1.4 Million Salaried Persons
KARACHI, February 16, 2024 – In a move to alleviate the burden on salaried individuals and pensioners, the Federal Tax Ombudsman (FTO) has revealed that the newly simplified income tax return form is set to benefit approximately 1.4 million taxpayers.
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FBR Appoints 156 BS-16 Officers in Pakistan Customs
Karachi, February 15, 2024 – The Federal Board of Revenue (FBR) has announced the appointment of 156 officers at the BS-16 level in Pakistan Customs, as per an official notification issued recently.
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Active Taxpayers of 2022 Given Tax Benefits Until February 29
Karachi, February 12, 2024 – Active taxpayers for the tax year 2022 are granted an extended window to avail themselves of reduced tax rates, with the deadline set for February 29, 2024, announced the Federal Board of Revenue (FBR).
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How to Modify Income Tax Registration at FBR
In a recent development, the Federal Board of Revenue (FBR) has introduced a comprehensive procedure for individuals seeking to modify their income tax registration due to changes or omissions in their information.
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Basic Requirements for 2024 Income Tax Registration in Pakistan
As the tax season approaches in Pakistan for the year 2024, the Federal Board of Revenue (FBR), the apex tax agency of the country, has outlined the basic requirements for income tax registration.
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FTO Orders Probe into Tax Data Breach
Islamabad, February 7, 2024 – The Federal Tax Ombudsman (FTO) has directed an immediate investigation into a case of unauthorized access to tax data, revealing a concerning breach in the system.
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FBR Introduces New Rules for International Oil Suppliers
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) in Pakistan has unveiled new rules for international oil suppliers, specifically addressing the import of crude oil and other petroleum products through customs bonded storage facilities.
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FBR Bans USB Usage in Tax Network After Malware Scare
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) has taken decisive action to enhance cybersecurity by prohibiting the use of USB drives in its tax network after the detection of high-severity malware.
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FBR Directs BS-21 IRS Officers to Submit Asset Declarations
Islamabad, February 7, 2024 – The Federal Board of Revenue (FBR) has issued directives to officers of the Inland Revenue Service (IRS) in BS-21 to submit their asset declarations.
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