(PkRevenue.com) – The Federal Board of Revenue (FBR) has released the updated Active Taxpayers List (ATL) for the tax year 2023, which has been updated as of May 26, 2024. The FBR is encouraging all citizens to check their status on this list to avail themselves of the numerous benefits associated with being a compliant taxpayer.
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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 Proposes Tax on Govt. Securities Sold Before Maturity
(PkRevenue.com) – In a bid to curb revenue leakage and enhance the documentation of financial transactions, the Federal Board of Revenue (FBR) has proposed imposing a withholding tax on government securities sold before their maturity. This proposal is part of the FBR’s budget recommendations for the fiscal year 2024-25.
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FBR May Notify New Rules for Clearing Income Tax Refunds
(PkRevenue.com) – The Federal Board of Revenue (FBR) is on the verge of notifying new rules to streamline the clearance of outstanding income tax refunds through electronic means.
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FBR Imposes Major Penalty on IRO for Causing Huge Loss
(PkRevenue.com) – The Federal Board of Revenue (FBR) has imposed a major penalty of compulsory retirement on Arif Javed, an Inland Revenue Officer (IRO) at the Regional Tax Office (RTO) in Multan, for deliberately causing a substantial loss to the national exchequer.
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FBR Generates Rs 87 Billion Income Tax from Bank Depositors
Karachi (PKRevenue.com) – In a significant fiscal achievement, the Federal Board of Revenue (FBR) has collected an impressive Rs 87 billion in income tax from bank depositors during the first ten months of the fiscal year 2023-24.
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FBR Proposes Suspending ST Registration for Flying Invoices
(PKRevenue.com) – The Federal Board of Revenue (FBR) has proposed a significant measure to combat tax evasion by suggesting the suspension of sales tax (ST) registration for individuals and entities issuing flying invoices.
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Tajir Dost Scheme Accelerates Tax Registration Drive
Islamabad, May 26, 2024 – In a significant stride towards broadening Pakistan’s tax base, the Federal Board of Revenue (FBR) has reported a surge in tax registrations under the Tajir Dost Scheme.
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Withholding Tax on Bank Cash Withdrawals May Rise to 0.9%
Karachi, May 26, 2024 – Pakistan is likely to increase the withholding tax rate on bank cash withdrawals from 0.6 percent to 0.9 percent. This proposed amendment is expected to be a key component of the Federal Board of Revenue (FBR)’s forthcoming budget for 2024-25.
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FBR Proposes Reforms to Curb Frauds by Battery Manufacturers
Islamabad, May 26, 2024 – In a decisive move to clamp down on pervasive tax frauds, the Federal Board of Revenue (FBR) has proposed significant reforms in the budget for 2024-25 aimed at lead battery manufacturers.
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FBR Mulls Mandatory Sales Tax Deposit by Online Retailers
Islamabad, May 26, 2024 – The Federal Board of Revenue (FBR) is considering a new measure that would require online retailers to deposit sales tax, according to sources within the FBR.
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