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.
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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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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).
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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.
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FBR Issues Guidelines on Property Income Tax for TY 2024-25
Karachi, August 28, 2024 – The Federal Board of Revenue (FBR) has provided a comprehensive explanation of the tax implications on income derived from property for the tax year 2024-25.
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FBR Debunks Rumors of Amnesty for Smuggled Vehicles
Islamabad, August 27, 2024 – The Federal Board of Revenue (FBR) has firmly denied reports circulating in the media regarding an amnesty scheme for smuggled vehicles.
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Value of Perquisites Chargeable to Tax Under Salary Income
Karachi, August 27, 2024 – The Federal Board of Revenue (FBR) has announced that the value of perquisites will be chargeable to tax under the head of salary income for the tax year 2024-25. According to the updated Income Tax Ordinance, 2001, released up to June 30, 2024, several provisions have been clarified concerning the chargeability of various perquisites provided to employees by their employers.
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FBR Suspends Customs Officer for Choice Posting Pressure
KARACHI, August 27, 2024: The Federal Board of Revenue (FBR) has suspended Jawad-ul-Hassan, a BS-18 officer of the Pakistan Customs Service (PCS), for 120 days due to alleged misconduct involving pressuring authorities for a preferred posting.
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FBR to Amend SRO 1064: A Win for Traders
MULTAN: The Federal Board of Revenue (FBR) will revise SRO 1064 of the Tajir Dost Scheme, considering the demands and concerns of traders, according to Naeem Mir, Chief Coordinator of the scheme.
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FBR Unveils Tax Guidelines for Salary Income in 2024-25
Karachi, August 26, 2024 – The Federal Board of Revenue (FBR) has issued a detailed explanation regarding the taxable salary income for the tax year 2024-25, according to the Income Tax Ordinance, 2001, updated until June 30, 2024.
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FBR Invites Traders for Negotiations Ahead of Shutter Down
Islamabad, August 25, 2024 – The Federal Board of Revenue (FBR) has reached out to traders for negotiations concerning a controversial tax scheme ahead of a shutter-down strike planned for August 28, 2024. This move comes as the traders’ community in Karachi and other parts of the country announced their decision to close shops and businesses in protest against what they describe as unfair taxation and inflated utility bills.
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