Islamabad, June 15, 2024 – The Federal Board of Revenue (FBR) announced the formation of two high-powered committees on Saturday, tasked with identifying and resolving anomalies in the Finance Bill 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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Finance Bill 2024 Unveils Enhanced Tax Rates for Phone Users
Islamabad, June 15, 2024 – The Finance Bill 2024 has introduced higher withholding tax rates for users of telephone and internet services, effective from July 1, 2024. This change aims to enhance tax compliance and revenue collection by the Federal Board of Revenue (FBR).
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FBR Extends Sales Tax Return Filing Deadline to June 24, 2024
Islamabad, June 14, 2024 – The Federal Board of Revenue (FBR) announced on Friday an extension for the deadline to file sales tax and federal excise returns.
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FBR to Open Tax Collection Window on June 22 and 23
Islamabad – The Federal Board of Revenue (FBR) on Friday announced that it will observe normal working days on Saturday, June 22, 2024, and Sunday, June 23, 2024.
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Incomplete Tax Return to Attract Fine and Imprisonment: FBR
The Federal Board of Revenue (FBR) has announced that filing an incomplete income tax return could lead to severe penalties, including a fine and up to one year of imprisonment.
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FBR to Collect Tax on Value of Motor Vehicles Starting July 1, 2024
Starting July 1, 2024, the Federal Board of Revenue (FBR) will shift its method of collecting advance income tax on motor vehicles.
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FBR Unveils Heavy Penalties for CMOs for Denying SIM Blocking
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has announced stringent penalties on Cellular Mobile Operators (CMOs) for refusing to block SIM cards of non-filers, as part of the newly introduced amendments in the Finance Bill, 2024.
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FBR Introduces New Tax Rates for Late Filers
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has announced new tax rates for late income tax return filers as part of the Finance Bill 2024.
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Income Tax Rates for Salaried and Business Persons Enhanced
Islamabad, June 12, 2024 –Pakistan has increased tax rates for both salaried and business individuals in the newly presented budget for the fiscal year 2024-25.
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FBR Releases Salient Features of FED in Finance Bill 2024
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has unveiled the salient features of the Federal Excise Duty (FED) measures included in the Finance Bill for the fiscal year 2024-25.
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