In a concerted push to enhance Pakistan’s tax-to-GDP ratio, Finance Minister Muhammad Aurangzeb emphasized the need for innovative strategies during a review meeting at the Federal Board of Revenue (FBR) headquarters on Friday.
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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 Faces Call to Clamp Down on POS Exploitation by Importers
Karachi, May 3, 2024 – The Federal Board of Revenue (FBR) has been urged to intensify its efforts to curb the exploitation of the Point of Sale (POS) system by importers who are reportedly misusing the facility to enjoy unfairly reduced tax rates.
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ADB and FBR Discuss Tax Reforms Under DRM Initiative
Karachi, May 2, 2024 – A delegation from the Asian Development Bank (ADB) met with the leadership of the Federal Board of Revenue (FBR) on Thursday to discuss the progress of the Domestic Resource Mobilization Program (DRM).
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FBR Officers Demand Transparency Amidst Reshuffle Turmoil
Karachi, May 2, 2024 – The Federal Board of Revenue (FBR) is currently embroiled in controversy following a significant reshuffle of its senior officers, leading to widespread demoralization and discontent among its ranks.
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Law Minister Signals Further Reshuffling Within FBR
Islamabad, May 2, 2024 – Federal Law Minister Azam Nazeer Tarar announced on Thursday potential upcoming reshuffles within the Federal Board of Revenue (FBR), indicating a continued commitment to revamp and enhance the efficiency of the entity amidst ongoing economic reforms.
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FBR Officers Raise Alarms Over Recent Organizational Reshuffle
Islamabad, May 2, 2024 – Tensions are high within the Federal Board of Revenue (FBR) following a recent organizational reshuffle that has notably disturbed the operations of both the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS).
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FBR Aims to Enroll 3 Million Shopkeepers and Traders
ISLAMABAD, May 2, 2024 — The Federal Board of Revenue (FBR) is ramping up efforts to register 3 million shopkeepers and traders under the Tajir Dost Scheme-2024.
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Enigma of Tax Litigation and FBR’s failure
The labyrinthine world of tax litigation in Pakistan has long been a subject of acute professional scrutiny and debate. The introduction of the Tax Laws (Amendment) Bill, 2024, by the Pakistani Parliament ostensibly seeks to expedite the resolution of a staggering Rs 2.7 trillion currently mired in the quagmire of income tax tribunals and higher courts.
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FBR Forms Strategic Policy Cell to Steer Finance Bill 2024
The Federal Board of Revenue (FBR) has announced the formation of a dedicated policy cell tasked with shaping the Finance Bill for the fiscal year 2024-25.
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FBR Set to Revamp Property Valuations by July 1st
Islamabad, May 1, 2024: The Federal Board of Revenue (FBR) is gearing up for a significant overhaul of property valuation tables, aiming to bring them closer to fair market value (FMV) starting July 1, 2024.
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